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'Blue Star Infotech is a good buy'Mumbai, May 13, 2003: 'It is a good bet especially considering the heavy dividend and the stock has closed at Rs 125. It earned Rs 16 and the guidance is 20% plus,' says Ramesh Shrichand Damani.w : hello damani bhai. latest news is shell is coming back to india. what does it mean for reliance? what impact will it have on reliance Ramesh S Damani : Hello everybody thanks for joining let's start. Yes it will pose a problem for local competition. waresh : do you think infosys did a good thing by settling the sex case? did they not screw phaneesh murthy in the process? Ramesh S Damani : I think Phaneesh admitted to a relationship. I think it is better that they put this behind. kk : SirPlease comment on Canara Bank, is it peaked out and still some heat left Ramesh S Damani : At Rs 3.5 yield on a Rs 100 share, it is not cheap. Van : For Long term Investment now that Bank Deposits are not worth investing, Where to Invest and in what proportion? Ramesh S Damani : Part of the money should go into stocks. Kanna : With the reliace coming out with banking fund do you think there is steam left in th ebanking sector? Ramesh S Damani : That is hard to say. I must add that I am not enthusiastic about PSU banks despite the huge run up. ProfHAkkMalayasia : Dear Mr Daamani,thanks for suggesting to invest in Macmillan as its fundamentals are improving. It is also seen on technical analysis of long term parameters it is worth accumulating. What other scrips do you suggest for NRIs like me. Ramesh S Damani : Take a look at things like e-serve (520), Mcdowell (40). I own both. baracuda : financial dailies in india seem to give esrve a step mom treatement,when they talk about ites and bpo the only cos they discuss is spectramid progeon msource e,and daksh,esreve never features in their listwhy this anomally Ramesh S Damani : I won't worry about that. As long as the company delivers, I am happy. mayurdamani : Sir, I have sold one PSU today i.e. BPCL at Rs. 248. Can you tell me any other PSU which will give me more returns than BPCL WOULD HAVE GIVEN? Ramesh S Damani : BEL has given excellent returns. BEML has been a good bet. I own both. StockLover : Did you get a chance to do your homework on your views for Eserve for the next fiscal year ? Ramesh S Damani : I think it will do 40-cr plus bottom line and around 315 top line. maheshpurohit : Sir any new recommendations from you Ramesh S Damani : Take a look at Blue Star Infotech. Dividend is Rs 7.5 and the stock has closed at Rs 125. It earned Rs 16 and guidance is 20% plus. I own it. BASANTMAHESHWARI : Did you hear the David Cote interview(Ceo Honeywell) He was saying that the BPO outsourcing work would be done from the wholly owed subsidiary at bangalore where they have made a considerable ramp up How does TATA Honeywell fare in such an environment. Ramesh S Damani : I would not draw too much from it. Engineering services will be done in Tata Honeywell. However, new BPO work remains to be seen. I think it will be split. Let's wait for the announcements. Prashanth : Namaskar ji, do advise a man at 30's with little earning to make a career in stock market Ramesh S Damani : If you are passionate about it you can meke it. This is the one place you can make huge money starting with little. Read about the principles of compounding. It is the 8th wonder of the modern world and key to riches. analyst : Mr Damani, isnt it high tome you accept your failure? Market is seeing a mid-cap rally, but none of your stocks are moving.... Answer this! Ramesh S Damani : This is a tough business and I have no regrets. My advice is try and compound a portfolio at 25% P.A, which I have been doing. Investment is about conviction. That is my best advice. You are never wrong because the price goes down or right because the price goes up. The facts have to be right. AnandBhatt : Sir,I feel like a real fool as i helplessly watch PNB,Canara BAnk skyrocket form levels of 90 and 70 at which they were already considered fully valued with respect to their offer price.In contrast to this Karur and HDFC which I own has appreciated little.[PNB has gone up from 55 to 150 and J&K from 80 to 190]Your comments pls Ramesh S Damani : Envy is the wrong emotion to have in the market. Good investments are made with conviction not chasing stocks. Stocks get irrational and burn investors. Bad profits are future losses. If you compound at 25% a year you will be rich by the time you are 50. NO body can participate in all rallies. BASANTMAHESHWARI : I had sold off Infotech enterprises when it started to fall from the 180 levels. I wish to reenter again. Is this a good time to get in or should one wait for the sub 100 levels Ramesh S Damani : I am still not comfortable in the share. baracuda : dont yu feel that 40crs is a trifle to less for a leader whose industry is supposed to grow by 50-60%.i feel esrve will do a little more than 50crs Ramesh S Damani : That would make me very happy, let's hop you are right. BASANTMAHESHWARI : Blue Star Infotech if I am not mistaken is emerging as a Tier-II end-to-end services company, HP 300o migration offers good potential in the long term. It was furiously recommended by Maulik ShareDalal (whose views I respect quite a lot)at Rs 180 levels Ramesh S Damani : It is a good bet especially considering the heavy dividend. imok : I have invested roughly 1.5 lakhs in the market. I have about 10 scripts. Is it one too many? Ramesh S Damani : Yes. Typically you should have 2-3. kumar : sir dont u think jindal steel and power is a really food buy considering its growth potential and the fact that it quotes at an P/E ratio of just under 3 Ramesh S Damani : Steel prices are sharply down.Q1 results will be good for Tisco. However, prices are under pressure. kane : what is your advice on the Maruti Public issue???? Ramesh S Damani : Let's wait for the prospectus Buffet : I want to buy SBI,Goldiuam,HPCL at current rate.Is it right decision?What price I can expect for the 3 after 6 month from now.Regards. Ramesh S Damani : I like all of them. The market decides the prices. ProfHAkkMalayasia : Your views on investing in NIIT please. Ramesh S Damani : Not bullish on it. SHENOY : common damaniji-- u r telling that one should have only 2-3 scrips in the portfolio? Research shows that risk and returns are best at 8-10 scrips in the portfolio Ramesh S Damani : Of 1.5 lakhs yes. kjram : how do i get the inside info on shares that lets guus like you make lots of money Ramesh S Damani : Mainly by reading and using your head. Not inside info. mayurdamani : Sir, I had sold all my shares of Opto circuit when it was in the rally at Rs. 42. Can we buy at the current prices. What do you suggest?Sir, what about the listing of TOP telemedia. Who is the concerned authority with whom we can clarify the issue. It is not listed since January? Any suggestions? Ramesh S Damani : I think you can. Don't know much about Top Telemedia. jayant : belated happy birthday sir i have 1000 shares of ipca &185 today price rose to 213 should i book profit or should i hold Ramesh S Damani : Thank you. I would hold on for a little while longer in IPCA. g : Sir, looking at the possible threat to BSE building, is there any negative cyco-factor affecting the market ? Ramesh S Damani : No. Indians believe in destiny. harsha : i want to know whether you are an analyst or broker Ramesh S Damani : I am a broker who analyses stocks. sb : do u recommend blue star in the way u recommend Mc. Dowell/E-serve/Macmilan/Tqata Honeywell Ramesh S Damani : No. stockstudent : Hello sir two ques..do u think recent infosys settlement would effect its stock price and whats your opinion on Canbank Q4?? Ramesh S Damani : I think it is good. It will have no impact on earnings. convictions : Sir, looks like my question is not finding much favor with you today, once again. Hello Sir, Some Analysts say that we will see the 2800 levels. I think its only the sensex stocks which are getting battered. What is your view about the following within a 2-3 year time frame, "Timex (sound promoters),Thomas Cook (lowest price ever), Indian Rayon (B V 170), Essel Packaging? Ramesh S Damani : The constituents are under pressure. However stocks are doing well. I like Thomas Cook. Indian Rayon and Essel are good value at current rates. I don't know about Timex. tony : Any tips so that we cab have a happy birthday , do share a piece of the cake with us. Please name one stock which you would say is screaming with a BUY call Ramesh S Damani : Thanks. But nothing like that comes to mind. mayurdamani : Sir, Shall I book profits in Karur vysya bank and Karnataka bank at the current levels and buy again in dips? Ramesh S Damani : I don't recommend trading in investments. jennifer : A COMAPANY MAY GIVE FANTASTIC DIVIDEND JUS BCOS OF ITS HI PROMOTER STAKE...BUT NOT CAPITAL APPRECIATION.....WHAT BIG SENSE MR. DAMANI Ramesh S Damani : Of course it can. But you also get the dividend. Remember that. Cash in hand is worth a lot. Dividend plus growth excites me. Ganesh1 : I have portpolio of HLL,Satyam, Tata Power, Tata Honeywell, Wockhart & HPCL for 1.5L . Your comments please Ramesh S Damani : Too many stocks. sandeep : about gillette Ramesh S Damani : I would recommend a purchase. n : RD, Your take on BForge and gabriel please?? Ramesh S Damani : B Forge is good but getting expensive. jennifer : there r scores of co.s. with high dividend BUT HARDLY CAP. APPRECIATION OVER A PERIOD OF YRS... ITS BEING PENNY WISE....... Ramesh S Damani : Remember to look for dividend plus growth. sb : raMESH it means as of now u will recommend Mc. Milan, Tata Honeywell/Mc. Dowell/ Tata Infotech/Blue Star Infotech and E-serve as a portfoil bet Ramesh S Damani : Yes, pretty much. Tata Infotech is not quite ready yet. jennifer : WARREN buffet says he hates high dividend payout cos.. they r MUGGERS.. IN HIS WORDS... HE TALKS SENSE..DOESN T HE Ramesh S Damani : Not true of most companies. Besides it is the measure of a business doing well. Dividend and taxes are how you check the quality or earnings. Sasi : think you are overloaded with lots of questions.. Please tell me 1 good auto ancillary stock...(If possible 2/3) Ramesh S Damani : Try something like Laxmi Auto Component. vejendla_vinod : sir,where do you expect the bidding for Shipping corporation to be Ramesh S Damani : Around 75-80. sharath : any tips on logix microsystems and mascon global? Ramesh S Damani : I am keeping an eye on Logix. They may be turning a corner. Ahmedabadguy : Mr. ramesh do you feel that party in midcap still have thurst to go on before cooling of comes..? Ramesh S Damani : Internals are good. I think stock pickers will do well. amitsbhatia : Sir pl give your suggestion on cochin ref. ? with 32 Rs. eps and 100% dividend stock look cheap at current levels ?? your views Ramesh S Damani : It does look cheap. shennoy : I was in MUMBAI - now I am in Bangalore Ramesh S Damani : Thank you all for joining. See you next week |