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THE CHAT ROOMS
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'Fiscal deficit is out of control''Confidence remains poor. We need to tackle corruption without which we are stuck in the mud,' says Ramesh Shrichand Damani. sk : hello rameshji Ramesh S Damani : Hello everyone. Thanks for joining. Let's start. kirit : sir what is your take on the Bharti IPO? Ramesh S Damani : My initial reaction is to avoid it. Remeber they took Bharti private at some silly valuation. I am not comfortable with them. hello : what is yr idea abt the latest weakness in IT stocks, how long it will last? Ramesh S Damani : Results have been disappointing. The tech sector needs more visibility. hello : and even shares like Hinduja TMT and Bharat electronics are showing weakness? Ramesh S Damani : Yes they are. However let's wait for Q3 results before deciding. sk : we have seen market giving no direction . What is your idea Ramesh S Damani : It is sluggish. Undertone is weak. Mahesh : Ramesh ji, Gujarat Ambuja has posted good results... I hold a few shares of the cement co.. should i hold on or sell them off? Ramesh S Damani : I would hold them at the current time. hello : when do you think market will start differentiating between IT and IT enabled stocks. their prospects differ widely, but they (stocks0 move almost in tandem? Ramesh S Damani : That is not correct. The IT enabled companies have gone up 3-4 times. They have not also fallen and are close to tops. Market has started making a difference. karan : sir what did you think of wipro results? it was definitely below expectations unlike infosys Ramesh S Damani : Poor growth will dampen prospects. Piyush : I heard that petrol prices could be freed soon... will it be a good idea to go in for oil company shares now? Ramesh S Damani : BP might be attractive. I own a few shares investorguide : Ramesh ji, what U say about Hindustan Motors..is it a right time to buy it at 6.75...is it worty investing for short time Ramesh S Damani : I am not following motors. hello : i have invested in companies like Bharat Electronics, E-serve, Geometric and Hinduja TMT! Do you think i should sit calm and wait for next one-two years and these shares will almost double? Ramesh S Damani : I think they have a good future. sk : I have seen hinduja tmt earlier results , they are very fine and even the company is running very good.do u still hold recommedantion to buy Ramesh S Damani : Let us see Q3 results. ghosh : The Calcuta attack didn't have too much affect on the stock markets, did it?? but isn't it quite scary? godknows who'll be the target next Ramesh S Damani : In India we have an "incident" every 3 months- political, economic and financial. Learn to live with it. Rohinton : Good afternoon, Mr Damani: As a pre-budget bargain hunter, what would you want to buy? And do you think the Budget could give a boost to the capital markets? Ramesh S Damani : Not done that research yet. It is too early. alan : what would be the kind of budget this time? don't u think the FM has a lot of repairing to do, whether it's stock markets, divestment, india fighting competition against china etc.. there really have to be lots of reforms, don't u think? could you highlight some important URGENT requirements on a priority basis for India? Ramesh S Damani : They are. I am not hopeful things like corruption will get sorted. However the telecom deregulation is a big plus. hello : at what prices geometric becomes an appealing buy? Ramesh S Damani : Around say Rs 285. abhijeet : SIr, could tell me a few harma shares that high good long-term strenght? Ramesh S Damani : I recently bought some Wyeth and Dr Reddy. Reddy was recomended recently by Oscar Shafer in Barrons. He is well known and expects a price of $60. It was $19 when he recommended it. sk : what is your idea about BEML. It has risen too fast. At what price we should enter Ramesh S Damani : I would wait for a reaction. sk : what is your idea about Kale consultant Ramesh S Damani : I am watching and waiting for the results. I like there thrust. deepika : do u think greeting card companies can still make profits in this day and age? what do u think of archies results? Ramesh S Damani : It is going to be tough. People are forgetting to write. It's all e-mail ks : concor i bought @ 186, any target price Ramesh S Damani : If disinvested maybe Rs 500. investorguide : Sir..U din't say anything about HFCL..is it good to buy at this rate..for short term investment Ramesh S Damani : I would avoid it. Curious : Dear Ramesh, every other day I see Yahswant Sinha, Jalan and others say that the Indian economy is hale and hearty. IS there something we are missing to note which they hide? Or is the economy really well? Ramesh S Damani : Fiscal deficit is out of control. Confidence remains poor. We need to tackle corruption without which we are stuck in the mud. bull : ur opinion on the healthcare sector & apollo hospitals Ramesh S Damani : I like Apollo. Nitin : What do you think NIIT will rise now? Ramesh S Damani : Q3 results will be poor. However there appears to be a buyer on the counter. It may rise after the results are out. ks : as per your guidence i am modified my portfolio like beml,concor,cadila any good buys mcdowell Ramesh S Damani : I was disappointed by the UB deal. So disappointed that I soldsome holding in McDowell. Mr Mallya does not have shareholders interest at heart. That is clear. subbu : sir is TELCO a good buy at present levels given the volatily it had today Ramesh S Damani : I would avoid Telco. manoj : Dear Sir, Recently I have purchased 600 nos. of HCL Tech shares @ Rs 280. Kindly advise me, whether I have hold the same till that amount or I have to sell those shares. Ramesh S Damani : That is a tough call to make on an individual stock. You have to go by your own feel. debashis : what about the prospect of alstom power and indogulf corporation Ramesh S Damani : I own and like Altsom power. AMEY : WHAT WILL BE THE STATUS OF INDIAN HOTELS Ramesh S Damani : It's a cheap stock. It will pick up when tourism picks up. Ramesh : what is your opinion on pritish nandy and odyssey technologies Ramesh S Damani : Odyssey is risky, but rewarding if things work out. P Nandy is not followed by me sk : I owe some Mcdowell and UB too, do you feel we should be out from both the stocks Ramesh S Damani : I think so. ROHIT : SIR MY QUESTION REGARDING BEST FMCG STOCK,YOU HAVE NOT ANSWERED Ramesh S Damani : I continue to like Colgate. However the sector is in doldrums. shukla : boss, no reply on corporation bank ??? not bankable at 120 level ??? Ramesh S Damani : I would hold it at current levels. veenit : it seem that something is cooking at IDBI Bank wht is ur opinion Ramesh S Damani : They could do well at the price, however you get the baggage of IDBI. ROHIT : ROHIT says, SIR IS TULIP HOTELS A GOOD BYE AFTER THEIR ACQUISITION OF JUHU CENTAUR Ramesh S Damani : I think the acquisition is not complete. They will be in severe competition in the area. Chandrakant : Sir, what do you thinkof these three shares that I haveheld for a long itme now: VisualSoftTech, Aksh Optifibre and PunjabTractors? Ramesh S Damani : VisualSoft and Punjab are hold. satish : sir what abt the bharti issue ,what's the floor price u think is good for small investors Ramesh S Damani : Floor price is Rs 45. I would avoid it. veenit : Thanx sir for ur tip on hinduja finance i made a quick buck there any other pick Sir Ramesh S Damani : Good luck. But take a longer view. Invest don't just trade. ramu : how about HDFC at current rates Ramesh S Damani : Looks good. bull : ramesh kar bank & karur vsysa bank do u track them & ur targets & why pvt banks OLd are so poorly discounted Ramesh S Damani : I own karur. However unless they are sold out, value is not going to be unlocked. nish : What abt Bharat Electronics.I bought it at abt Rs 47.Hld/Sell? ALso UB at Rs 100 Ramesh S Damani : I would hold Bharat Electronics. Look for an exit in UB around current levels. hello : yr favourite pick in banking sector Mr. Damani? Ramesh S Damani : I recently bought some SBI at around Rs 220. sk : What should be the target price of BEML / IBP/ BEL Ramesh S Damani : IBP on divestment Rs 700+BEL Rs 150 in 6 months time. BEML wait for divestment.I own BEL and BEML. arbit : crisil what are ur views Ramesh S Damani : Buy on dips at around Rs 200. A good bet, I own a few shares. chandmani : What is the latest in TFL scrips . I think yday theyhad well managed the AGM. The company is back on track since they said..they wont give pink slips. Ramesh S Damani : I would avoid Tata finance.They obviously don't know the risks with a finance company. nihal : right now new script are you entered Ramesh S Damani : No brand new ideas. prav : sir what is ur opinion abuot bata? Ramesh S Damani : Management has consistently failed. I forget how many times. arbit : what is the story on CRISIL share price increase? Ramesh S Damani : Blocks have changed hands alok : what are the prospects of E-serve, should i buy at current prices and what should be six-months the target? Ramesh S Damani : Wait for Q3 results. Prospects are very promising. ram : how come you have no brand new ideas? then how can you guide people like us??? Ramesh S Damani : Ideas are not like bananas. Theydon't grow on trees. They require work and come when they do. Certainly not every week.This is not a tip show, but a forum for discussion. sam : what is your advise on VSNL TO HOLD BUY OR SELL. I AM HOLDING 1000 SHARES Ramesh S Damani : Hold. nihal : ongc is very cheap Ramesh S Damani : Yes and it should remain cheap. They earn money due to a monopoly and no skill. kimdurai : dear Damani,hiduja TMT WAS YOUR PET LAST WEEK. dO U CONTINUE TO HOLD THE SAME VIEW. Ramesh S Damani : I am waiting for Q3 results. It looks good from a long-term perspective because they are in exciting business. longnose : I second your opinion on ONGC. On a scale of 1 to 10, they will rank 11 on corrupt organisations Ramesh S Damani : That is a problem. naveen : What do you think about newly entering market and picking up some shares? Ramesh S Damani : Everyone young should invest in stocks. arbit : u think Bharti public issue will get subscribed fully? what is the listing price expected to be? Ramesh S Damani : Yes. Around Rs 50 harip : Ramesh, Can you please answer my questions? Thanks Ramesh S Damani : Thanks. I worry about them a lot. They have no focus and have disappointed a lot of people. arahaman : What is the Q3 date of E-serve? Ramesh S Damani : January 25. alok : yr views abt Engineers India, Mr. Damani? is it worth investment at current prices? Ramesh S Damani : they gave Rs 2 billion to US-64. Management is not sharp. I would avoid it unless it is put up for divestment atul : What do you think about the sensex on 31st december, 2002? Ramesh S Damani : Try an astrologer. investorforum : SIR U R NOT ANSWERING ABOUT HFCL....ANY PROBLEMS Ramesh S Damani : I would avoid it sam : CAN WE BUY NOW INDIAN HOTELS FOR LONG TERM INVESTMENT Ramesh S Damani : Sure that is what i did. sunder : why is Indian market so volatile that even when an ant dies in somepart of the world it affects our stockmarket. Ramesh S Damani : That is the nature of the market. atul : This is not the answer... You are the market person and a reputed broker... you should say about the market forecast for the year. Ramesh S Damani : You have to distinguish between art and science. No one can consistently predict the future. If he could, he would be the richest man in the world. We occasionaly take stabs. Educated guesses. December is still too far away and markets are mixed. sam : THANKS SIR , U VERY QUICKLY ANS FOR INDIAN HTLS . CAN U PLS ALSO TELL ME THE PERIOD TO HOLD IT AND WHAT PRICE YOU LOOKING FOR Ramesh S Damani : In a normal year price could go back upto 350. prav : does gtb has a future Ramesh S Damani : I can't answer such a question. sk : SIR, NAARAZ HAIN KYA - ENTRY PRICE FOR E-SERVE Ramesh S Damani : Wait till Q3 results. sachin : Sir can you pls guide about Zee at 120 and TV 18 at 100 Ramesh S Damani : No strong feelings at the current time. harip : Ramesh, I have been observing the Indian Markets for a long time. I feel the quality of mgmnt is very bad and should be the most the important criteria for investment. Please give ur opinion. Ramesh S Damani : I agree and UB demonstrated your point. It is disheartining. rahulkool : What do you see the future of ETF's Exchange Traded Funds (Nifty BeES)?? Ramesh S Damani : Great idea good product. amar : Mr Damani,How do consider the results of GEOMETRIC & INFOTECH ENTERPRISE? Ramesh S Damani : Both looked good. They are discounting the future, though not the current. sachin : Would BEL be a good buy today Ramesh S Damani : I think so. Thanks for joining in. See you all next week. | |