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THE CHAT ROOMS
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'Recovery will be poor...''...unless we restore law and order in the country. The Gujarat riots are unforgivable for any government,' says Ramesh Shrichand Damani. dream : hello sir are you there am I late or sir is late Ramesh S Damani : Hello everybody thanks for joining lets start.We had some trouble with the connection today halleberry : Mr Damani your views on Tata Coffee? Can the company emulate Starbucks with its holding in Barista Ramesh S Damani : Congrats on your Oscar. It has the potential. I own a small quantity. anurajan : Rameshji is eserve is future infosys? Ramesh S Damani : I believe with a little luck e-serve will be a very imp company. This provided we stop having episodes like Gujarat. werty : Mr Damani, infy has gone below the 3700 levels. wat does tat mean? Ramesh S Damani : Market may be afraid of the guidance it will give. They should make a BPO announcement also. arahaman : Ramesh I think operator are taking advantage of your popularity in Retail Investor. They are playing with your Trading call. Ramesh S Damani : That is all a part of the market game. No person can influence the direction of a market for too long. dream : sir can u give me some idea of Sygenta,arbind mills,hindustan inks,and gati Ramesh S Damani : I like Gati a lot. Sygenta is doing well. I am skeptical of Arvind Mills. Hindustan Inks I am watching. anil : i have sold hinuja TMT at 260 should i buy it now Ramesh S Damani : It could correct up to Rs 220 levels. NIHAL : HELLO SIR, TATA INFOTECH DOWN BY 10% SHALL I HOLD OR SELLL??? Ramesh S Damani : I would hold it for now. investor : i have heard your interview with AXN Marketing Manager - it was too nice Ramesh S Damani : Thanks. Rajat : If EIL and BEML are disinvested, what would be approx price of bids?? Ramesh S Damani : BEML would get a high bid. KHS : Dear Sir,We find from the NSE screen that the Investors are losing interest in the market ? Do you feel it so ? Ramesh S Damani : It could be happening. I hope it isn't so. No market can survive without retail interest. Rajat : Could Geometric also be big. Is business highly scalable and revenues too in that niche area?? Are customers hapy with their products?? Ramesh S Damani : Yes. I believe it will be a company to watch. I own it. sk : Tata Infotech - any speicfic news becau i have seen the interview of CMD on CNBC he has said nothing positive for the company for the time being Ramesh S Damani : I am building a research report on the company. Will let you know the details. Briefly I am happy about the movement to HIPAA (Health Insurance Portability and Accountability Act). It's a word you will start hearing more often. arahaman : Ramesh you are always stressed on good management then why u are not recommending Hero Honda at current price level? Ramesh S Damani : I agree it has great management. Two wheelers is a cyclical business. Can they keep growing? rameshdamanifan : did u like my name? thanks. Sir, what do u think the price of hindzinc offer would be? i heard on news that some fantastic offer has been reced by govt/ Ramesh S Damani : Market grapevine is around Rs 42. Rajat : Is Verifone tie up with TVS Elec also in the itenabled area?? Ramesh S Damani : Not to my knowledge. It is for financial payment systems. Rajat : If BEL is ultimately disinvested it could be really high valuation from current levels as the company is already doing well on its own ?? Ramesh S Damani : Absolutely. It would be a blockbuster deal. ravi : sir what do you mean by HIPAA Ramesh S Damani : It stands for Health Insurance Portabality and Accounting Act. It is going to boost revenues of IT service firms big time. sk : but sir how to get the access of research report of Tata Infotech once u prepare it I would like to see ac opy of it Ramesh S Damani : I don't prepare a report. Just read a lot and try to meet concerned people dream : sir as first time invsetor if i had to invest 4 long terma s well as few short term banefitts in which scripts should i invset Ramesh S Damani : Buy Mcmillan for long-term portfolio. I am excited by the prospects of the company and have bought some. mohan : SIR, CAN I BUY GATI AT 79 FOR DECENT RETURNS ? Ramesh S Damani : Stock has had a run up. Buy around Rs 60 I think. I own some. smartinvestor : What are yr views abt Macmillan India around current rates? Do u think it has potential to double even from the current levels? Ramesh S Damani : Buy around current rates. I think investors could hold this script for 2-3 years. They will get superior returns. smallinvestor : what is ur call in Mcdowell, i got some at 44 and 63, pls guide Ramesh S Damani : Hold it. halleberry : Aventis Pharma, Novartis , Glaxo, E Merck, Wyeth have all posted great results. Could they be multibaggers post 2005? Ramesh S Damani : They certainly could, post 2005. smartinvestor : Sir, any idea abt IndusInd Bank! Today the stock spurted with huge volumes (15 lakh on NSE)? Is anything cooking at the counter? Ramesh S Damani : No specific news. General excitement over private banks. mohi : sir in moneypore.com indicates max india promoters stake51%.But company website indicates 1.46 %. Which is correct? I got 1000 Shares @ 121 Ple advice ? Ramesh S Damani : I would think it is the latter. I should check out the definition of promoter. investor : what do you mean by a trading call - for how many days investor s should keep it or what percentage of return one should see Ramesh S Damani : It is for a punt as opposed to investment. We should keep a sharp stop loss in this thing. Rajat : Ramesh, wasn't that Sidney Poitier's speech a moving one? He was great!! Ramesh S Damani : It was. Halle could barely speak. She looked great though. smartinvestor : Sir, last week u told abt yr weekly viwes on Radio (FM). Can it be heard in Delhi? I tried at those times told by u and was disappointed. Ramesh S Damani : No. tigershark : tigershark says yu mr damani have today become my real friend i also loved to lookat halle cnn .com had a beautiful pic of herfantastic dress she was wearind but i felt sorry for nicole i like her too Ramesh S Damani : Thanks. She did look gorgeous. rameshdamanifan : u come on fm channel on tu/th at mumbai only? i cant get u at calcutta channel at 9 am? Ramesh S Damani : Yes. Only in Mumbai. ayan : Does correction in Max india is going to be big one or you think it is just a shakeout kind of down moves and should start moving up very soon?? Ramesh S Damani : It's hard to say over 3-6 months. Over 1-2 years the company should do well. smartinvestor : Sir, yr views abt BPL at current prices? I have heard that the compoany is also into call centres and It-enabled services? Ramesh S Damani : I have not heard any details of that. Where did you read about it? Let me know. Amit : What is your views on Monsanto india...... very low floating stock in the market,result for the last quarter is excellent. Can it go to 800+ levels plz. advice Ramesh S Damani : It sure could. Watch the BT Cotton trials. They should do well and be abig plus for Monsanto. smartinvestor : Mr. Damani, how do u decide abt getting out of a stock in case it means 1) booking losses 2) or booking profits. Pls. elaborate as u have always told what to buy but never told how to exit if the tide turns against. Ramesh S Damani : Take a look at market cap. Does it make sens? Some of the momentum stocks had a market cap of Rs 20,000 crores. That was wild. akmehra : What should be the ENTRY LEVEL PRICE for MACMILLAN? Ramesh S Damani : At current rates. smartinvestor : ET dated 23rd or 24th (Sat or Sun) had a write-up on BPL and mentions that! Ramesh S Damani : I'll take a look. Thanks. halleberry : Mr Damani u r favourite Indian websites with articles on Indian stocks? Ramesh S Damani : None really. Read Barrons.com. It is a paid US site. However, best stuff on global investing. smallinvestor : sir, every week u come up with some scrips which 80% of time does well at bourses, what is ur call today? Ramesh S Damani : Nothing new. Just reiterating a buy on MCmillan for long-term investors. sk : wAT WHAT MARKET CAP YOU WILL BE COMFORTABLE IN GATI Ramesh S Damani : I am comfortable at current market cap. It could be a Rs 500 crores market cap company. amex : Dear Rameshbhai, many economists have said that there are signs of a revival in the Indian economy. Do you see any such positive signals? ANd do you think the market will being to respond to these revival indications soon? Ramesh S Damani : I think we need to restore law and order or recovery will be poor. Gujarat is unforgivable for any government. mohan : SIR, PLEASE SUGGEST A LOW-PRICED SCRIP WHICH WOULD GIVE DECENT RETURNS ? Ramesh S Damani : Nothing new. smartinvestor : Yr opinion abt HCL Infosystems Sir? The company's call centre with 100 seats is already into full swing and soon they are going to expand it to 500 seats!The sahre is discounted merely 6 times its current earnings! Ramesh S Damani : There are better bets perhaps. sujatha : Medical transcription centres business is low margins. Max India IT-enabled business is medical transcription centres. Why you suggest the MAX INDIA ? Ramesh S Damani : I think they will scale it up.They could also get workfor NY Life. smallinvestor : I repeat sir, what did u exit recently, pls share with us?, can u give me some idea of the value of portfolio u handle for u and ur family? Ramesh S Damani : That would be private information. investor : Sir 500 Crore Market cap means Gati has to go upto 300 plus do u feel it is possible seeing the present market condition and when the script is illliquid. And If so then what time frame it will take Ramesh S Damani : Over time funny things happen. Market could value this business. smartinvestor : Mr. Damani, yr call on SBI please. Two weeks ago around Rs. 250 u were saying it to be an ultimate PSU? Now what's yr call around 223? Shd one go and buy it? Ramesh S Damani : I would hold it. smallinvestor : u said u have better options than, HCL info, pls share with us. Ramesh S Damani : Mcmillan. ayan : Sir is your trading call in escort is over after stock has reached 65 rs. from 50 rs mark or you see stock is in for a decent bull run now?? Ramesh S Damani : I am still holding it. Let's wait and watch. Thanks for joining in. See you next week. Bye. | |