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'Trick is to have conviction in your pick'Mumbai, December 11, 2002: 'McDowell, Ashok Leyland, IT&T, Gati, MacMillan, Tata Honeywell.. all these are good companies,' says Ramesh Shrichand Damani.narayan : in your last chat u have mentioned 5 best script as mcdowell e serve tata honey geometric indian hotel but i was shocked that in your dream list cmc was missing do u have any doubt about it anaam : Dear Sir,Have you read the new book by Sudha Murti(N.Murti's better half)? Ramesh Shrichand Damani : Not yet. ayanshah : Well Mr. Damani as our market has been a trading market for long time now do you see slowly we are shifting towards 5 year bull run as debt funds slowly reaches towards top... Ramesh Shrichand Damani : I am not that bullish. dayals : bought Hp(@300) & Nalco (@ 100) as per ur advice. I can hold for a long time provided there is hope at the end of the tunnel Ramesh Shrichand Damani : These are valuable companies, but Nalco is not going to be divested. Hence the upside is limited. baracuda : a month ago yu were very concerned about the growth rate at e-serve.yu said there was no seq growth,now yu have suddenly becom bullish on the scrip what made yu change your mind so fastand what happens if there is no growth in the 3qrt.recently citigroup gave a very big call centre order to daksh we would all have been happy if they gave it to e-serve Ramesh Shrichand Damani : I still am very concerned. However, there are only a few quality ITES players around. vikas : Among your Favorties e-serve , geometric , honeywell , Mcdowell if u have to choose only 2 which will you choose Ramesh Shrichand Damani : At current rates, risk reward favours Mcdowell and Tata Honeywell. I own both. sd : hats off to u for predicting on dot about HP_BP!now how do u see the road ahead for HP.I feel , whatever may be the modalities- whther ONGC bidding or Reliance out of the fray, retail investor will make the killing .does it necessarily require to go through Rajya sabha or provisions of the Companies act are enough to see it through? Or the outcome of Gujrat is likely to have a relook... your much valued comment on this Sir...and a word on fate of Nalco Ramesh Shrichand Damani : Hello everyone. Thanks for joining. Let's start. Shourie will take Attorney General's opinion on the matter. Let's wait for that. The road ahead for HPCL is hard. First problem is Gujarat elections. The odds are not better than 1-3 that this gets done in the next six months. rama : why didn't the market react positively yesterday to shourie's statement? wat are the concerns u have stil? Ramesh Shrichand Damani : Too little too late, maybe that's why. jeetendra : what is your look at polaris recently it acqauir bpo firm some jv with aig . aig is also bullis about bpo in india sir what is your look out at current mkt price. Ramesh Shrichand Damani : I bought a small quantity to start looking at it. Polaris. ayanshah : Well Mr. Damani as I am from A'bad the Bookies are giving signals on victory for BJP..Does that makes life little easy for BJP to fight uncalled pressure from NDA alles and move ahead????? Ramesh Shrichand Damani : If BJP wins, atleast HP should go through. malik67 : how u will rate Gittettee stock.whether to hold this stock or sellit Ramesh Shrichand Damani : Hold it. NARAYAN SINGHI : I HAVE TAKEN 500 GOLDIAM AT 33 WHATS ITS PROSPECTUS Ramesh Shrichand Damani : It's cash is greater than its market value. Ahmedabadguy : Mr. Damani do you consider your call on Macmilan as a mistake?As mostly you were bullish above 300 rs and 50% has been gone ........ Ramesh Shrichand Damani : I think I made a entry at a wrong price/valuation, clealry. However, it is a good company and prices should bounce back. Management is good and opportunity is good. DID : Mr.damani can u tell me why digital global soft is the strogest frontrunner in tech from last 10-15 days....after sharp fall just after the sept.02 qtr results.. Ramesh Shrichand Damani : On rumours of new orders from HP. BASANTMAHESHWARI : eSERVE why did it go up last week was it because of the buying by the parent or big fund buying the volumes were huge for your information alliance bought in a big amount last month an annalysis of their portfolio reveals that!!why is the talk of the Co. going in for 100% buy back doing the rounds any substance to that rumour Ramesh Shrichand Damani : It could happen, but I have not heard anything about it. Why would they take i-flex public and make e-serve private? ayanshah : Sir at 30 rs. Gati's market cap is lower than it invested in its infrastacture..Shouldn't Mr. Agarwal bothered..As a shareholder I am... Ramesh Shrichand Damani : Yes it is. However, that should be an opportunity. nriinv : Onward Tech did make a big move last week . Have you booked profits? Ramesh Shrichand Damani : Yes, I sold some. Manoj : Sir,Last week I asked you about MINDTECK?Do you have any latest update on it ?Also do you think IT&T's BPO story will unfold next year? Ramesh Shrichand Damani : Nothing to add. IT&T is getting late in the day. They should move. BASANTMAHESHWARI : DO Trent and Pantaloon excite you at these levels? Ramesh Shrichand Damani : Pantaloon looks intriguing. I trade it. Lakshmi : Sir, can we buy polaris now Ramesh Shrichand Damani : I have a small trading position. BASANTMAHESHWARI : Prashant Jain of Zurich categorises Mcmillan with Pidilite as the best options in the midcap segment?? Ramesh Shrichand Damani : Where did you hear that? jeetendra : sir any idea about midcap pharmastock last you suggest ipca lab. do you follow jbchemcials is it worth at price? Ramesh Shrichand Damani : They both are doing well. I own only Ipca. Ahmedabadguy : Well Mr. Damani to be fair you made entry ( So do I)at wrong prise in Macmilan, Gati, Macdowell, Ashoklayalnd, Max, It&T etc....What you suggest to do now? Ramesh Shrichand Damani : When market goes down, everything falls. So that is not the standard. Market can undervalue stocks. Trick is to have some conviction in your pick. All these are good companies and market will reflect value. DID : Mr.damani what revenue and bottomline we can expect in Tata Honeywell in FY -04. Ramesh Shrichand Damani : Projected numbers are around Rs 330-350 and around Rs 36 crores net profit. Early projection. Niayer : Damaniji What is ur opinion about Rolta India Ramesh Shrichand Damani : I would avoid it. rajesh : Sir, what % of money should be invested in equities for an aggressive investor?What is your opinion on bpcl and punjab tractors? at what level you advice to enter in these scrips Ramesh Shrichand Damani : For aggressive and young maybe 75 per cent. AnandBhatt : Sir,Geometric is running away.Do you suggest buying Geometric at current levels or you feel there will be an opportunity to buy at lower levels like 400.Pls advise. Ramesh Shrichand Damani : I would expect the stock to remain strong. ANAND : SIR, HTMT HAS PROJECTED 80 TO 100 % GROWTH FOR COMING YEAR..... SO CAN IT TOUCH 400 AGAIN....? Ramesh Shrichand Damani : It could of course. But at Rs 400, it is an expensive stock. ashgup : i have 2500 NIIT sold them at130 thinking it will come down to 112can i expect those price again Ramesh Shrichand Damani : It may. I am not too excited by its prospects though. manerajeev : Will Silvcerline be rerated after the GDR and fund pumping by TAIB. If it is rerated what should be the target Ramesh Shrichand Damani : I doubt it. Management has not delivered. I would avoid it. vlp : rameshji, BPO business seems to give employment to Indians, But there are lot of dummy parties misguiding people and doing Frauds? please advice how to get good sub contracts in business Ramesh Shrichand Damani : That is outside my expertise. Sorry. ANAND : SIR, HAVE U HEARD ANY RUMORS ON GEOMETRIC MANAGEMENT GOING TO DIVEST ITS STAKE TO SOME OTHER....YOUR VIEW? Ramesh Shrichand Damani : I have not. rpra : With Debt market soaring what is ur opinion on the movement of PNB glits? Do u see it reaching it reaching 40 from its current level of 21? Ramesh Shrichand Damani : I own some and do hope so. It is a good company with a good business. ayanshah : Sir any views on LUPIN, Torrent Pharma and Nicholas Piramal(NPIL is Great Value according to my understaning)..... Ramesh Shrichand Damani : They are doing well, but pharma is not my strong suit. tnt : Can you give me the link of Mr.Narayana Murthys speech on "East V West" that you alluded to some time back ? Where can I find the text of that speech ? Pl. assist me. Many Thanks ! Ramesh Shrichand Damani : I am not aware of any link. Call Infosys. They are helpful or search on google. ismail : good evening is this right time topick stocks for long term Ramesh Shrichand Damani : I think so. r12345 : Ramesh,I have 300priya cement share.I purchased 36per share .Now you know better than me about company.Kndly advice Ramesh Shrichand Damani : Nothing much to recommend in it. Ahmedabadguy : , Well Mr. Damani Still Look at their prises when market started falling...It has recovered but this group of stocks are on average 30-50% down from their previous 3300 sensex prises..Why this much underperformance????? Ramesh Shrichand Damani : Index was Rs 4500 in 1992, Rs 6000 in 2000. Where is the recovery? Always the grass is greener elsewher. Look at the run HTMT, BEL, BEML geoemtric, e-servehave had. malik67 : sir, whether it is advicable to Buy BhARTI Tele at Rs 23 Ramesh Shrichand Damani : A small purchase might be warranted. I have not bought it yet. RAGHU : Sir My queries on Colgate and tata telecom remain unanswered by you,should i hold or sell Ramesh Shrichand Damani : I would hold both. rajesh : Sir, What % of equities you advice in old economy, psus, tech, it enabled stocks, pl answer. Ramesh Shrichand Damani : 50% ITES, 20% PSU like SBI, BEL, 30% like Mcdowell etc. arjun : Mr Damani can u tell about DSQ Software can we buy now. Ramesh Shrichand Damani : Avoid it. AnandBhatt : Sir,earlier you were bullish on 2 sectors-ITES and PSU.Now the PSU story in the last few months seems to have died down and one just cant rely on the govt.So should one only put ones eggs in one basket i.e. ITES or are there other stocks in other sectors which are good according to you?Pls advise.. Ramesh Shrichand Damani : Try somwthing like banks or Mcdowells etc. rdz : What is brewing in Ramco Systems ? It has risen non-stop from 120 to 358 and it is LU again today Ramesh Shrichand Damani : Beats me. I am trying to find out. durai : Shall I buy standardchartered banks shares which has invested heavily in Chennai for its backoffice operations and its is the largest foreign bank in india - please comment sir. Ramesh Shrichand Damani : Unfortunately it is not listed. durai : Ramesh, can you answer my question " Shall I buy standardchartered banks shares which has invested heavily in Chennai for its backoffice operations and its is the largest foreign bank in india - please comment sir". Ramesh Shrichand Damani : Repeat it is not listed. Ven : US Stocks are now accessable via MF's. Do you recommend to buy this or stay with Indian markets? Ramesh Shrichand Damani : Stick to home stocks. Globetrotter : Could uyou comment on Aptech Ltd quoting at Rs 31, annualized eps of rs 5 and market cap of only 60 cr, with consolidated sales of 300 cr rs. Could this turn out to be a multibagger with software industry on a turnaround providing business for training Ramesh Shrichand Damani : I am not bullish om management ability. I would avoid it. paisa : Ahmedabadguy says, Well Mr. Damani hope you are not offended when I talked about the failures rather then congratulating you on successes of bel, htmt etc.....Losses always reminds your weakenesses to overcome sir... Ramesh Shrichand Damani : No offence. Just a philosophy on how to approach the market. Have conviction in what you buy. donkarnaj : Mr. Damani, i have a specific query on polaris software and E serve. What are their prospects and does the BPO arm of Polaris pose any threat to E Serve. Ramesh Shrichand Damani : Prospects for the industry are bright. These companies should do well. The pie is too big to worry at this stage. AnandBhatt : DO YOU ADVISE BUYING GEOMETRIC AT 500.PLS ADVISE Ramesh Shrichand Damani : If you wish to invest, yes, I still own it. jas : Ramesh, Marico seems a good bet in the FMCG sector. Seems to be falling due to people selling bonus ? Good bet at curr price ? Ramesh Shrichand Damani : Management is doing a good job. However, industry is not growing. That is the problem with FMCG. Thanks. See you all next week. |