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'If BJP wins in Gujarat...'Mumbai, December 4, 2002: '...we may see HPCL divestment. If it loses, it's not going to happen,' says Ramesh Shrichand Damani.
MON : Pls advise on E SERVE & GEOMETRIC bought at 600 & 550.shd i hold these and for how long ??? MON : SBI has now up almost 15 % in one week. I bought at 230 - pls advise?? Ramesh Damani : Technical target is Rs 330 first. And then maybe more. I own some. Suma : Dear Sir, Will there be more correction? What stocks might lead the rally after correction? Ramesh Damani : I think it would continue to be tech. ITES and stocks like Reliance and SBI. Suma : Dear Sir, Is it time to partially sell McDowell, Satyam and Telco? Ramesh Damani : Sorry I sold Satyam and Telco since they were trading positions. MON : Govt to promote India as major ITES centrewhat is your comments on this news. Ramesh Damani : What is needed is less talk and more action. salman : Market cam down sharply last 15 mins any specific reason Ramesh Damani : Long awaited correction let us hope. tulsi : sir have u prepared fresh buy list Ramesh Damani : I keep adding ideas as I get them. Nothing new this week. tulsi : how does apollo look at the current price 107 Ramesh Damani : Looks okay for patient investors. TIGER : Thanks for your ans on e serve / geo.i can hold these for 01 yr, Ramesh Damani : That should be the plan. ritu : Can I buy Vintage Cards at these prices? If yes, why, any funadamental/technical reason? Do you still hold these shares? Ramesh Damani : No, I sold them. It was a trading call. tulsi : mr damani any idea abt eonour tech Ramesh Damani : I have not been able to come up with an independent view. TIGER : what abt SBI - How long shd i hold qnd what price i look for Ramesh Damani : The technical target is Rs 330 for SBI. MANOJ : Damaniji ,Will you give your latest update about MINDTECK considering that it’s contract with American Bureau of Shipping has ended on 31st Oct.as per MYIRIS.COM news dated 7th Nov. Ramesh Damani : That would be a problem if true. I cannot confirm it. However, it is a young industry. Business will grow. Maya : You had once suggested Ballarpur Industries. Is it worth buying these now? Ramesh Damani : Around Rs 40. It is a good trading pet. Consumption of paper, thanks to laser-printers is set to explode. sd : the next beneficiary of bull run may be midcap stocks,can u give me a clue about probable scrips attracting smart money Ramesh Damani : Look for companies growing at better than 30-50% compounded with good management. ritu : should I invest in IPCA at these prices? any targets? Ramesh Damani : Yes, if you are patient. I own some. tulsi : damani, ranga of krystalball.com says that the market will witness new lows this dec.wat do u say Ramesh Damani : I am not that pessimistic. sd : thanks for answer, any hints please Ramesh Damani : Look at ITES companies in that rung like Tata Honeywell, Geometric. All of which I own. MANOJ : So Sir do you advise I should hold on to MINDTECK ? I had bought it in January around Rs. 40/- Ramesh Damani : I think so. ajit : Sir,What's the story in Macmillan.It has started going up. Just bottoming out or some new development? It seems like some fund buying. Ramesh Damani : Some value-based buying. Q1 from January-March is the best. ritu : any idea about Compudyne? Shd we invest at 30? how is the company doing? Ramesh Damani : Little is known. I own some shares and they are in an interesting area. However, growth record has been spotty. ksbsuresh : Mr.Damani, Wipro's PE is more than 200, what do you think about its current price? Ramesh Damani : It has alwsys been an expensive stock. It is for the big fund managers. tulsi : thanx 4 ur ans.finally should i start buyin at present levels or wait for further corrections Ramesh Damani : It's hard to time the market. If a stock offers good value, buy it. Maya : Your call on visualsoft Ramesh Damani : Not very bullish. TIGER : can we buy more eserve / geometric at the current price Ramesh Damani : If you are an investor, not a trader. abc : i have taken 1000 shares of tvse at 68 should i sell now or hold Ramesh Damani : The script is on a tear. Hold on to it. I own some. ksbsuresh : Is there any chance of Macmillan touching 200 in the near future? Ramesh Damani : Maybe after March quarter. sd : sir any fresh views on psus.to me divestment is inevitable., the only concern is when? Ramesh Damani : If BJP wins in Gujarat, we may see HPCL divestment. If they lose, it's not going to happen. tulsi : there r onli two listed players in courier business BLUEDART n GATI.wat is ur advice sir Ramesh Damani : I own both and both look cheap. MANOJ : Sir , Do you think market will fall when the Gujarat elections comes near? Ramesh Damani : It could if the BJP is losing. ajit : Sir, My brocker is advising me to buy Visual Soft.I have studied the script. It looks intresting. But I would like to have second opinion . What's your view esp quality of managers. Ramesh Damani : I am not happy with it. However, plenty of people disagree with me. Somehow they have never delivered. They keep changing their mind as to what business they want to be in. ritu : today I bought some 2000 vintage cards around 13. should I hold onto them or just sell and get out of the counter? I know little abt the company. pls. help! Ramesh Damani : Nothing to panic. However, I am unclear about its future prospects. ksbsuresh : I have read "One up on wall read" as per your suggestion. It was very informative. Can you suggest few more books? Ramesh Damani : Try a book called Market Wizards and New Market Wizards. abc : whenever eserve goes up it came down so what happening in it Ramesh Damani : Probably consolidating. tulsi : "GET INTO A PROFESSION FOR WHICH U HAVE PASSION.MONEY N RECOGNITION WILL FOLLOW.DONT APE PEOPLE.U MUST BE EXITED ABT UR WORK EVERY MORNUNG.U HAVE TO DECIDE WAT EXITES U"...ramesh s damani in the transcript on 2 july 2001.THIS CAPTION OF URS HAS CHANGED MY VERY ATTITUDE Ramesh Damani : Thanks. Sometimes it is hard, but generally that is the best way to perform. sd : Sir, I see it differently. Gujarat is laboratory case , if BJP wins they will swear by militant hinduism as a policy leading to social disharmony ultimately affecting the market negatively. Ramesh Damani : In the long run, that may happen. It is a worry. salman : Market came down heavily any specific reason or only correction Ramesh Damani : Looks like a correction. ajit : sir. Sesa Goa: I am buying since it has come down to Rs 65/ same is the story with E-serve. I can get your view on E-serve but Sesa Goa is an intresting story. It moves with steel cycle/good management/positive cash flow etc. Your view? Ramesh Damani : Who is the management? Also rupee is going to start appreciating. ksbsuresh : Sir, I feel highest tax rate should be 25% for salaried people, so that they will have some additional disposable income which may be invested in stocks? Ramesh Damani : I would agree to that. ritu : Is TVS Electronics worth buying around current prices? Ramesh Damani : Wait for a correction. Thanks all for joining.See you next week. sd : the final advice :your tips on multibaggers are long overdue.... toady u seem to be in good mood answering all my queries. pls oblige with the last one Ramesh Damani : McDowell after the new news and Tata Honeywell are exciting. abc : in the long run kindly tell me 5 script to watch i think you will not disappoint me Ramesh Damani : Mcdowell, E-serve, Geometric and Indian Hotels. I own all. TIGER : I think by say that they ( govt ) will disinvest in PSU is making fool all of us and the statment is due to shap critism from all corners--- Mr. Shourie said all is depand now on PM & DPM- if only PM & DPM has to take the all decesion that whay we have a long list of minetsers who are eating tax payers money. Ramesh Damani : Politicians will be politicians. ajit : Sir, I can send you the latest balance sheet if you wish Ramesh Damani : I can check it online. Thanks. abc : thanks for your kindness what about max & apollo hospital Ramesh Damani : Looks good for long-term. Join the Ramesh S Damani chat every Tuesday at 1600 IST
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