| Categories | ||
  POLITICS & GOVERNANCE[2001 onwards] POLITICS & GOVERNANCE[1996-2000] MOVIESMUSICSPORTSBUSINESSNATIONAL SECURITYINTERNATIONAL AFFAIRSINFOTECHSOCIETYSTYLELIVETRAVELSCIENCEELECTION'99ELECTIONS '98 | ||
'Market should pause for breath'Mumbai, September 2, 2003: 'If you are a trader you can book profits. If you are a long-term investor then hold on,' says Ramesh Shrichand Damani.amit : radico khaitan is better than mcdowel-what is your comment Ramesh S Damani : Hello everyone thanks for joining. Let us start. The current management is producing better result that is for sure. baracuda : what is your opinion on ipca labs now that it has had a good move upwards it is a leader in antimalarials Ramesh S Damani : I am expecting them to have a very good quarter. arora : Tech stocks and media stocks have underperformed the overall markets-- do u think that I should switch over from these stocks into old economy stocks? Ramesh S Damani : My advice is always invest with conviction. If you feel you have made wrong choices then change. However do not chase rising stocks, per se. sanuj : sir zodiac has m.cap of only 40crores.do you think it will reach marketcap/sales ratio of to 1 Ramesh S Damani : I am hopeful. baracuda : have yu heard the news that the govt is planning a tonnage tax for shipping instead offreight tax this should benfit ge ship in a big way where do yu see the stock heading from the current levels of 83 Ramesh S Damani : That would be a big help. abcx : purchased 3000 global trust bank on the advice of my broker but it is slipping everyday. should i switch over to some promising script. will you suggest me something.regards Ramesh S Damani : Check with your broker on that. He may have a better insight. Vimal : Which is best- Loyal Textiles, Supper Spinning, Zodiac and why?Much appreciated...Thanks Ramesh S Damani : In the short run probably Loyal and Super. Long-term Zodiac looks attractive due to low equity and good management. I own Zodiac. Farooqwala : Damaniji, I am NRI and would like to invest Rs. 2 lakhs in Stock Market, could you please advise few good scrips for short term? Ramesh S Damani : I recommend scripts here from time to time. However, it is better to consult a financial adviser since you do not always have access to me. arora : Mr.Damani-- thx for answering-- out of HPCL and BPCL-- which one should i preffer? Ramesh S Damani : Over a longer haul, I would suggest BPCL. Fan_of_RSD : Sir,What is the good price for investing in UCO Bank and India Overseas Bank IPOs . Should we enter or keep away from it? Ramesh S Damani : IPO of banking shares will have strong demand. narayan : have u changrd your view about mcdowell or oits the same as it was earlier Ramesh S Damani : It remains the same. sanuj : last week some news of circular trading in zodiac ,,what is ur call on that Ramesh S Damani : Sebi has prosecuted two brokers for that. I do not think the company is involved. anaam : Sir,I have repetedly asked you to look into the balance sheet of CUMMINS INDIA.Please do not ignore this stock hence I am convinced that it has a potancial to scale new highs.Have you looked into its story? Ramesh S Damani : To be honest not yet. However, on your strong recommendation I will by next week. However I am unlikely to have a strong opinion on it. SURESHMAKHIJA : HI GOODEVENING SIR IN LAST CGAT I ASKED U ABT MOSCHIP NOW ITS TOUCHING 52 WEEK HIGH WHATS THE REASON SIR Ramesh S Damani : Nothing that I have heard about. sanuj : sir what kind of action expecting in textile stock post2005.what is ur best pick for long term.some us store are started inventory build up..ur call on textils Ramesh S Damani : I remain bullish though appreciating rupee is causing concern too. Look at first the biggies -- Raymond, Century and Mahavir Vardhman, then look at the small caps. I own a lot of them. anaam : Sir, It is bit funny that inspite of this bull run auto ancilliary stocks have not participated in this rally.Any observation on this? Ramesh S Damani : Both Mico and Bharat Forge are having a great run. SINGARAJTR : SIR.I AM WAITING LONG FOR YOUR CALL REG. SPANCO.ALSO FEW WORDS ON IT.PLEASE SIR. Ramesh S Damani : I am planning to visit them. SURESHMAKHIJA : SIR IE IT RIGHT TIME TO BOOK PROFIT BECASE CORRECTION IS OVER DUE PLZ COMMENT SIR Ramesh S Damani : If you are a trader you can book profits. However if you are a long-term investor we are in a new bull market and hence there's no hurry to sell stocks. ashishm : Ur recommendation on NALCO Ramesh S Damani : I am bullish on Nalco and I own it. CABabu : In the Textile Himatsingh seide seems to be a great choice.. No debts except for som eworking capitals Dividend play.. + post 2005 they would be much benefitted .. Your views sir Ramesh S Damani : Yes they would. nriinves : Do you think 4500 willbe a tough resistance Ramesh S Damani : Logic says that it should at least pause for breath. SURESHMAKHIJA : SIR PLZ COMMENT ON HPCL DISINVESTMENT Ramesh S Damani : My sense is that it will go through, Supreme Court will not stop it. Fan_of_RSD : One more question sir,you had recommended Moser Baer some time back ... Should we enter it at current level? Ramesh S Damani : Recently some clouds are hanging over the company regarding auditors. We need some clarification. CABabu : Is vijaya Bank looking for Bank of punjab/bank of Rajasthan for take over.. If so, will it run up after the passage of the take over bill.. Ramesh S Damani : I have no news on that. Bank of Punjab looks good on the charts to me. CABabu : What is your call on Glen mark? Ramesh S Damani : Ii am bullish on it. I own it. harish : sir,you did not answer my question,what is your take on wellwin industries? Ramesh S Damani : I think they will do well this year. mani : dear sir what happened in sbi? it is not moving up when others are moving Ramesh S Damani : It is doing fine I remain bullish on it. narayan : do u think e serve is in accumulation mode Ramesh S Damani : Looks like that. jim : Your call on bharat electronics , ur target price ... i have purchased 150 share at rs. 150 Ramesh S Damani : They are having a great year. I would hold on to it. gopal : sir, what is your idea on IVRCL Infrastructure. does it look cheap at this Ramesh S Damani : It looks cheap given the construction boom. maximus : Sir, what is your suggestion about Andhra Bank and Exide industriesThank You Ramesh S Damani : Those are not the companies that I follow. Though I have heard good things about Exide. baracuda : would yu stay invested in hll dont yu feel that a good monsoon and the approaching festival season should improve both the topline and bottomline Ramesh S Damani : That of course is the call. However, they still need to show growth. nriinves : Lot of hard money is enterring the market throug NRI's. Did SEBI complete the investigations on FII's investing in the market, where they weretrying to find out who is the actual buyer. Ramesh S Damani : They have not made any announcements about it so the market is in the dark. jim : WHICH PHARMA CO. U BULLISH ON FOR MEDIUM TERM Ramesh S Damani : Dr Reddy, IPCA, Lupin, Glenmark, Nicholas to name a few. narayan : its a very long time since you given a hot tip i think its a long due Ramesh S Damani : I have recommended a number of stocks nothing very special grabs me. siva : Sir, it is learnt that TCS may go for IPO this yr. In that case, do you recommend to own CMC/Tata Infotech at these levels? Ramesh S Damani : I have, I own both. jjpandit : AS LAST CHAT U MENTIONED FUTURE RALLY WILL BE RELY ON INFRASTRUCTURE AND COMMODITY SIR YOUR VIEW ON HINDUSTAN CONSTRUCTION/HARRISON MALLAYALAM PLEASE ANSWER Ramesh S Damani : Hind Construction should do well. Harrison management has not delivered. jim : I HAVE PURCHASED SBI (100 ) AT 300 , BEL (150) @ 150 , HLL 500 SHARES @ 150 & ASIAN PAINTS AT 250 SHARES @ 280 Ramesh S Damani : Congrats for a good performance. anaam : Sir,I wish to add further few more shares of MACMILLAN in my portfolio.Generally there publising businnes is week in Sept & Dec quarters.Slould I enter now or wait for Sept results which will be bit sluggish? Ramesh S Damani : I think September results will be good. Publishing and ITES should show a positive swing. CHARU : SIE ,I HAVE GILLETTE ,GLAXO ,TATA TELE ,SUNDRAM FINANCE ,KRONE COMMUNICATION . CAN I EXPECT MINIMUM 30 % RETURN PER ANNUM FOR NEXT 2-3 YEARS OR SO ON THIS PORTFOLIO Ramesh S Damani : They are a good basket to have. udayv : CONSIDERING THE PRESENT UPTREND IN THE US BIOTECH MARKET DO YOU THINK THE INDIAN MARKET WILL ALSO PICKUP FOR THE BIOTECH SECTOR? Ramesh S Damani : No listed players in India. baracuda : at what levels would yu be comfortable to enter ranbaxy as a long term investment considering the bonanza they may get if they win the lipitor case in 2005 Ramesh S Damani : This share is a glamour stock and unlikely to correct sharply. siva : What would be the upside potential of Tata Infomedia. ICICI venture has got a stake even at higher levels, isn't it? Ramesh S Damani : Too early to tell. However, they will extract value. SURESHMAKHIJA : SIR WHAT IS COOKING IN PENTA MEDIA VERY HIGH VOLUME Ramesh S Damani : No news on it,. I don't follow it. soorejkrrediffmail : damani sir any logic for recommanding mallays mcdowell.he is making money.actually he is foolishing shareholders.he canot deliver anything to shareholders.please comment how can mallya unlock the value of mcdowell. at the end of the day chabria will go with herbertsons Ramesh S Damani : The logic is the same as PSU -- they are too cheap. You can' t have 35% of India liquor market trading for Rs 200 cr market cap. Sooner or later factors will emerge to unlock value. See what happened to PSU stocks. Be patient and invest only that which you can wait for. It boils down to conviction. jjpandit : DEAR RAMESHJI GOOD AFTERNOON , SIR FRESH BUYING CAN ON CONSIDER FOR GEOMETRIC SOFTWARE/TATA HONEY WELL PLEASE COMMNETS Ramesh S Damani : I would wait for Q2 results. I am concerned about GeometricQ2 margins due to rupee appreciation. Honeywell should benefit from new capex. However management has been slow to change. I own and trade in both stocks. Anand Binani : sir mr PM is doing a lot in infrastructure front . the best ex. is Golden Quadilateral Which is now 40% complete & schedule to complete in 2008. If it completes on time We will save crores of rs. fuels daily. I think that will be a big boost to our Economy ...... Ramesh S Damani : I think it will. It is a very good move. anaam : Sir, Any good book you have read by Mark Faber? Ramesh S Damani : His latest is Tomorrow's Gold. It is good. Also read Adventure Capitalist by Jim Rogers. Thanks and see you all next week. Bye. |