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THE CHAT ROOMS
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'We have re-entered a bearish phase''The market is punishing us. Lack of movement on divestment is a big culprit,' says Ramesh Shrichand Damani. dayals : Sir, I'm great fan of yours,the way you'r of Warren Buffets'.Pls suggest me a multibagger which could turn out to be Infosys of future. Ramesh S Damani : Thanks for joining in. Let's start. Thanks for the compliment. At this time, the market is punishing us. Let's wait. preeti : sir i am very much torn down by this market fall i am holding 500 NELCO @ 49 and today it has come downt to 29 and also holding d-link @ 78 and IT&T @ 45 i am just going mad when i think about this can u please suggest me something? Ramesh S Damani : Market is frustrating us. There is nothing to do but wait if you believe in your stocks. ajay : sir, is we are now in bear market what is target of index in next one year should we touch 2200 Ramesh S Damani : It increasingly looks like the the bull market is over and we have re-entered a bearish phase. The technical target is 2600 points. rama : what is happenin ramesh bhai. why is the market crashing like this? i am getting panicky. pls tell us what is going on Ramesh S Damani : Market cannot rally. That is a big weakness. There are lots of reasons. However, lack of movement on divestment is a big culprit. Government is taking the slow say again. Ahmedabadguys : Well Mr. Damani what scripts you plan to watch out in this bear market to buy some good value stock for creating wealth in good times to come? Ramesh S Damani : That is a good question. I am going to stick to IT-enabled and large cap PSU stocks. silverinvestor : Dear Sir,They call it a carnage,but I see a lot of opportunity at this level.I think one should stick out ones neck a buy some,anticipating that mkt may still fall further by 150 pts. I am buying Geometric,Crisil,Siemens,Bayer ABS,Clariant,Tata Elexi etc. Pl warn me if I am going wrong or also pl suggest some more bottomed out script worth adding.(Indeed I have added some BEL @ 181 at the end) Ramesh S Damani : I am gald you are mantaining perspective. You seem to have made a good selection. Good luck. ayanshah : Mr. Damani does this fall has to do with margin position selling by big houses like kotak etc...Do you feel that still more blood left to pour in street or slowly monsoon effect will fad away?? Ramesh S Damani : It could get worse unless FII money starts coming in. Local players are out of cash Natasha : macmillan is ex-bonus Ramesh S Damani : A few months ago. BASANTMAHESHWARI : Ramesh Mc doweel one can assume has been great in its results a NP of 5 crores will this quarter be a bumper one in view of therestrictions placed on adv and money saved is money gained Ramesh S Damani : It could happen. Also they have paid a dividend of Rs 2. That helps a lot. I would buy in panic. baracuda : today may be the most imp advice yu can give us i think what yu tell us today shall make or break us with these words i ask the following should we buy sell or hold on to geometric esrve beml bel and tvs e Ramesh S Damani : Please consult a peronsal financial adviser. I just tell you what I am doing and think. Geometric and e-serve look okay. BEL is good. BENL and TVSE could test us. I trade in all of them. hot : Sir,my holding consists of Polaris(Rs 227), RCF(Rs 34) and ITI(Rs 40). What is your advice on what I should now do with these holdings. PLEASE ANSWER MY QUESTION? Ramesh S Damani : RCF and ITI are well priced. I would buy Polaris at lower levels. I own some ITI and RCF. ritu : Ramesh what we are hearing from the streets is true, LOTBM is in big problem and because of this only all this is happening. Someone even pointed out him as defaulter Ramesh S Damani : The reports are wrong. Bingo : Any negative news on any of favorites? McMillan, UB, TVS Electronics, BEML, Geometric etc. Ramesh S Damani : Nothing in particular. Joy : Rameshji, Please clarify "we havereentered a bearish phase.Technical target is 2600."....with your advice I want to get my 150000 money back from stock market....or should I wait for another 15 days!!!!What about your call in CNBC that a teck rally may happen in coming weeks????Please answer as I obey your advice religiously.... Ramesh S Damani : Clearly no one can be sure. The way the market cracked, prudence is required. I think IT-enabled will do well, so I am betting on that. Ofcourse we will have to endure some pain. Ahmedabadguys : Sir Govt. can't sell all companies in one stroke..even our market won't absorb it..Also PSU shares are no more under owned...So that trigger is not there...your views Ramesh S Damani : That is true. It won't sell. Strategic divestment is the best option. baracuda : the results of mcmillan are again flat do yu see any silver lining in hteir results Ramesh S Damani : Results were fine. vikas : Sir, in the interst of all your fans it has become very urgent from your side to discuss and analyse each and every stock you have discussed with us in last 6 months whether to exit / hold or buy more at this time. Lets start with E-SERVE , GEOMETRIC , MACMILLAN , MAX , INFOTECH ENTERPRISES , HTMT , IT&T , MCDOWELL Ramesh S Damani : E-serve: let's see results. Geometric: buy, McMillan: buy, Infotech Ent: bargain hunt, Hinduja TNT: hold, IT&T: unclear, McDowell: buy. I own all of the above stocks. Adarsh : Hello Sir, What according to you is the future of HLL in the market in the present scenario(with ref. to competition from AMWAY) Ramesh S Damani : Not much to worry about. Imports from China is a worse fear. smallinvestor : (4th time)sir, in your analysis how serious is concern for monsoon, suggest some scrips/sector which may remain unaffected by its absence. Ramesh S Damani : Clearly tech is not affected by the monsoon. BASANTMAHESHWARI : Did you visit the Mcmilan annalyst conference call what happened Ramesh S Damani : Looks good. I did. ritu : Ramwesh my portfoio consists of the stocks recommended by you only. It has wiped out my entire gains i made since jan and at present there is a loss of 20% or 1 lac on 5 lac portfolio. Shall i quit since u are predicting market could fall another 300 points menas portfolio can tank by another 1 lac Rs. Ramesh S Damani : Investors should have conviction and sit through bad periods. If you are uncomfortable and need the cash, sell. However the big money is made by sitting. abcd : 4thtime sir, what to do with goldiam? Ramesh S Damani : Hold it. Looks okay to me. Rajeev : Today HTMT fell to below 236 Any idea if current working is affected in any way?? Ramesh S Damani : They are doing well. However, market is in a bearish mood. Ahmedabadguys : Sir Macdowell gone Ex-div..recently?Sir when liquidity isnot there with Indian players then what will they first and utilise that money to save what?? Ramesh S Damani : When did it become ex-dividend? smallinvestor : (8th time)sir, in your analysis how serious is concern for monsoon, suggest some scrips/sector which may remain unaffected by its absence. Ramesh S Damani : I have been in the Indian market for 13 years. This is the first time it has had a drought. Effect is on fertiliser, seed companies and FMCG. Also GDP growth will slow down. guptaone : what is the reason for united breweries drastic fall to-day? the results r not clear for the latest quarter! Ramesh S Damani : I agree. I am waiting for full results. However, I understand they are not for the brewery companies. sk : Ramesh the point ritu said - if market will tank by another 300 points then we may get a chance to buy more. at lower levels - do u feel it is a bad idea. Ramesh S Damani : These are all guesses. No one knows. Did any one predict the Dow 1000 point rallies? Natasha : 2600 everyone is predicting, so market can do a little different, may be 2285 or will not go down to 2600, but revert from 2800 Ramesh S Damani : Makes sense to me. Tina : With your logic RCF should get affected by bad monsoon Ramesh S Damani : But divestment is on the cards. sk : Ramesh when everyone is talking one thing - LOTBM - then there must be some problem either his funding is withdrawn or somme huge losses - dont u feel so because the scripts which tanked heavily are recommended by him only Ramesh S Damani : Market is too big for one person. Sometimes the activity is in those stocks, so they fall disproportainately. sauravg : I know India is a big country but cant we use the floods waters from some place to the draught areas. Dont tell me we have to depend on the monsoons all the time Ramesh S Damani : We do read the Geography text books. Ahmedabadguys : Well Damaniji it is prudent to have cash to invest at any given point..But practically at one point you need to be fully invested...In present scene what is your view on this?? Ramesh S Damani : Clearly we may not be at the point yet. smallinvestor : (6th)sir, looking at the great fall we had in last few days, tell me two scrips which u would have love to own in big quantities. (forget what u recommended earlier Ramesh S Damani : In a bear market, almost everything falls. I beleive in ITES and so I hope that the sector will do well. ayanshah : Rameshji you were worried about bad result from Mcdowell..Does the result disappointed you??In panic what kind of prise you think stock can reach to? Ramesh S Damani : Results were okay in my view. adarsh_sm1 : Dear Damaniji, Why cannot we connect all the rivers of India. That will solve the drought problem?? Ramesh S Damani : Cost !! AnandBhatt : SIR,LAST WEEK YOUSUGGESTED INFOTECHENTERPRISES AT 325.IS IT OKTO BUY AT TODAY'S LEVELSOR ONE SHOULS WAITFURTHER. Ramesh S Damani : Counter still seems weak, so wait for a while. tigershark : did yu get a chance to see esrve results and are yu worried about the sec probe into citigrruop Ramesh S Damani : Not come out yet. No. IT doesn't affect e-serve. silverinvestor : Sir,Since this is the first drought in last 14 years(our assumption) We still have one more week to wait. But let's play contrarian. Govt will be in a fix & will disinvest. GDP growth will be curtailed & govt will be more prudent. Share mrkt will bottom out & should expect lot of foreign once redemption pressure in their country will be low...there are lots of positives Your comments Ramesh S Damani : All Asian markets are doing well. Pakistan, Indonesia, Korea and Thailand. Some money may come to India too. However you need to turbo charge the divestment program. guptaone : rameshji! mcdowell declared any dividend for year 01 - 02? Ramesh S Damani : Rs 2. ajay : sir according to you what is biggest concern in market right now Ramesh S Damani : Poor divestment program. ayanshah : Sir Ketan Parekh did made great calls in zee and Satyam..But got hurt when hetried to take lot more scripts at new height..Do you see that kind of problem in currrent scene also?? Ramesh S Damani : It's a different market. Lightning rarely strikes twice. Ahmedabadguys : Rameshji the Book closure for Macdowell (rs. 2 Div.) is over??Around when?? Ramesh S Damani : It's not over in my view. Rajeev : Ramesh, the chat is real slow here so I'll sign off. Thanks a lot for your views, which have been terrific! We met at the US Consulate last week of April. Hope to see you again. Ramesh S Damani : I am the only one typing. All of you are asking me questions. It has to be slow. AnandBhatt : THANKS A LOT.sIRPLEASE ANSWER MY OTHERQUESTIONI boughtTataTelecomat185.Its 120today.Shouls Iget outasmost peopleexpect2600levels.Plsadvise. Ramesh S Damani : I don't have a call at this point. vikas : TVS-E has declared results , if yes how do you read it Ramesh S Damani : I am hopeful. smallinvestor : (9th) rameshbhai, in general i feel pharma is doing well and should do well as they r in exports as also people will have to spend in medicine even in difficult times, what do u say, which r great picks Ramesh S Damani : That argument is always valid. However pharma is not my strong spot. Hence no great opinion. Thanks all for joining in. Keep the faith and good luck. | |