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'Techs have generally been under-performing'Mumbai, June 17, 2003: 'However, compared to Infosys, Mastek and Digital, stocks like e-serve, Honeywell and Geometric have held value. Their time will come if they continue to deliver,' says Ramesh Shrichand Damani.mistry24 : hello, ramesh ji, please tell me about andhra bank, i bought it at rs 37/- current price is 31 rs. should i hold it or not? Ramesh S Damani : Hello everyone. Thanks for joining. Let's start. At this juncture I would prefer the private banks. Not PSUs. narayan singhi : index has moved almost 500 points but tata honey is constant r u satisfied with the result Ramesh S Damani : The results of Tata Honeywell were slightly below expectations. However it is still a young go and you have to give it latitude. I own it. padmaraj9 : sir,good evening please tell me about kec international.padmaraj Ramesh S Damani : The results seem to suggest a turnaround. If Electricity Bill takes off they will do well. However, the management has not delivered for shareholders. seenu : tell me ur view on Garware polyester Ramesh S Damani : Results were good and I would hold onto it. Textile/polyester industry is turning around. sudhirtj : damaniji, how about taking digital global since it fell like anything after the merger announcement with HP ISO??? Ramesh S Damani : The company is is in a flux currently. I have no investment call at this time. BASANTMAHESHWARI : IPCA Co. says it will grow 25% in the Curr year at a PE of 6 is it not a buy what do you suggestMajor exports around 55% is to Europe and the appreciation in the Euro will help though? Ramesh S Damani : I agree. It is a good bet even at 300. The company can give 35 per cent growth this year. Notice the high dividend and tax rates also. The pharma story is working. I own it. babuu : Private Banks like KVB and Karna bank? Ramesh S Damani : KVB, South India Bank, HDFC etc. narayan singhi : i have 500 at 260 level at current price what will your suggestion about tata honey pl tell positively Ramesh S Damani : I would hold on to it. Earnings need to grow strongly this year. But looking at other stocks like IPCA/BEL etc it is expensive so it will underperform. mukesh1810 : what do u think of gas auth.. at price of 110 Ramesh S Damani : I own it and am still recommending it. It is cheap and durable. metallica : would yu recomend buying hpcl even after todays moveand what about reliance expect for yu everybody else is bullish about this petrochemical share Ramesh S Damani : I would I own it. It seems to be breaking out of a trading zone. BASANTMAHESHWARI : HTMT it sems that the CAS effect will propel the stock back to 400 levels also the 100 crore order renewal comes as a big positive for the Co. its cable subsi is under losses and money pouring from this front would be wonderful any change in opinion I have this as my top holding.The mcap is high but then good things do not come cheap sir. Ramesh S Damani : It could of course. However, at higher market caps you want to bet with the best management. If your cost basis is low hold on. However, I am uncomfortable at 300 plus levels. babuu : Ramesh ji, what about the stocks like Nicholas pirambal and MNC stocks like emerck and cadillac etc Ramesh S Damani : Nicholas seems on a good wicket in earnings and PE. narayan singhi : today arun shourie given hints to sold the balance stake in cmc vsnl ipcl do u think its time to buy those Ramesh S Damani : It should be bullish for CMC. I own it. asb : good eveing sir opto cirecuit moved all stocks recommeded have one up .. thanks a lot for your views ?? Ramesh S Damani : Thanks metallica : tommorow indian hotels is declaring results and dividend what do yu expect from the hotel major Ramesh S Damani : The results should be around 9-10 EPS. Dividend should be around 6 unless they declare a special dividend. I own it. BASANTMAHESHWARI : Ramesh babu why is eserve languishing at curent levels it is not expensive and I thought that after the results it would hit 650 in a jiffy. WHat is wrong Ramesh S Damani : The market generally has ignored the tech results that were good. metallica : malik sharedalal has recomended man industrieis when he came on cnbc on the weekend he says the future is good for the next -yearsyour opinion Ramesh S Damani : I agree with him. your fan : ramesh, market went up like anything. but this time your scripts were behaving opposite to market conditions. Last time market never gone up what u recommended shooted up. so tell us a bullet this time to start with Ramesh S Damani : Generally tech stocks have not performed. However, stocks like GAIL, SBI, Balaji have done well. It has been a difficult market for tech bulls. vikas1 : One thing which you have to agree that we have invested in those shares which WERE , ARE underperforming the market. Do you see E-SERVE , HONEYWELL , GEOMETRIC , INFOTECH to come out of trading range and move up smartly Ramesh S Damani : Tech has generally been underperforming that is a fact. However, compared to say Infy, Mastek, Digital, these stocks have held value. Their time will come surely if they continue to deliver. SPBagri : There is a movement in your old fav. goodyear. DO you follow this scrip now? Ramesh S Damani : Not any more. Surekha : Sir, You told pvt banks.In that case which pvt bank to purchase.surekha Ramesh S Damani : Karur Vyasa, South India banks are the 2 names. sudhirtj : damaniji, give some insights on beverages mcdowe, UB and so on??? Ramesh S Damani : Both these companies are available at a market cap of 400 crs. This is incorrect. Drinking in India is going to grow. vikas1 : Would you like to convert your ITES portfolio specially e-serve / honeywell with some pharma scrips Ramesh S Damani : I am reluctant to this. You have to have some belief in the company you are buying. BASANTMAHESHWARI : Couple of weeks back I was presenting a case for Pantaloon and Trent. I was at Pantaloon yesterday just to see how things are on a weekday and believe me it was cowded for the first day of a week. I bought some merchandise also more because I love the stock and own it from lower levels rather then out of necessity. BUY them SIr Big Bazaar is going great guns the retail sector is to go up 5 times in the next 4 years and I believe a decent exposure to this sector could also play the textile story post 2005. Ramesh S Damani : You may be right. However, I am still not convinced about the long-term investment idea in it. SPBagri : At what level wuld you advise to book profit in BEL? Ramesh S Damani : At one time sales around Rs 400. We should take a look at it. I own it. naidu : sir good evening.. An old discontinued player. want to reenter with 2 lakhs. pl suggest 2 or 3 good ones Ramesh S Damani : I recently bought Opto Circuits and Carborandum Universal. Take a look at Mcdowell. But be patient. metallica : shree raj syntex seems to be -mark have yu added more at this price and have yu seen their latest resultsplease share their working with allof usconsolidating at the Ramesh S Damani : Results are due soon. This is still a one year idea. So it is only for those who are patient. vikas1 : WITH SO MANY NEGATIVES IN TECH ITES SECTOR DO U BELEIVE THE BIGGIES RECOMMENDED BY YOU WILL BE ABLE TO DELIVER GOOD RESULT Ramesh S Damani : They have delivered e-serve etc. However some time a sector underperforms. atul_kumar : some shares that i bought a long time ago have stoppend appering in the economic times newspaper.does that mean that these companies have gone bust Ramesh S Damani : No maybe not just traded. metallica : have yu learnt a lesson of not to be too bullish on any one sector and each time there is abull marketthe road that the bull chooses is a differnt oneand investors should build a porfolio by using their own grey matter and not following anybody however brilliant that person might be Ramesh S Damani : I agree with that philosophy. It is best to use your own convictions. narayan singhi : kindly tell more about carborandum universal Ramesh S Damani : Stocks at 140. Earned Rs 40 plus for March 3. What is exciting is that hidden in the balance sheet is a wonderful ITES business, which is growing. I own it. dnana : Sir - Did you hear the rumour floating around that Mr. Warren Buffer is buying in India ? What could be his potential targets ? Ramesh S Damani : I would be delighted if it were true. He likes energy, gas companies. balchan : sir, been a regular reader of yor transcripts - very useful and beneficial for us - what is your take on blue star ? good div yield, consistent performance Ramesh S Damani : I bought Blue Star Infotech. The company is also being managed well. Azaz : Sir, Kindly tell us when this comapnies will be listed - Vikas WSP, DSQ Bio & what is the future of SKumars online. Do also let us know what is future of vital communications. Ramesh S Damani : They are all in trouble. No time frame has been fixed. your fan : Any new additions in your portfolio. What is your recommednation on UB Holdings/Solectron as of now. Any scripts u are preferring right now. Ramesh S Damani : Solectron is doing well. Take a look at Opto Circuits. BASANTMAHESHWARI : I was reading a story on another great way to play the CAS Bill Hathaway cable at a Mcap of 12 crores is it not a steal nothing that I know in details though Can you guide us on this one. It tradea at BSE only that is the problem. Ramesh S Damani : I tried to look into it. I have not got any details. your fan : Are u comfortable with Mc. dowell at 50 or one should go for ub at 90 Ramesh S Damani : Typically you should buy both. I own it. prashanthh : Sir, Why is Macmillan not participating in the current rally? Can we buy at the current levels? Ramesh S Damani : Yes. BASANTMAHESHWARI : WHat is the mcap of Carborandum and does it do call center or advanced kind of ITES work please advise Ramesh S Damani : It's market cap is around Rs 150 cr. It does high-end publishing work. Check out the site laserwords.com. Ahmedabadguy : Mr. Damani It seems like still macmilan stock has not found strong hands as it has lost volumes and is laclusture compare to current market scene...why sir? Ramesh S Damani : The company is doing well and is on the growth path. Market is generally ignoring good news in tech and punishing bad news. I own it. your fan : But ramesh man industried u have recommedned long back at 25/- now it is availablet at 40+ still u recommed at this price Ramesh S Damani : Yes, hold on. Results should be good during Q1. AShish_007 : Sir,I'm a Student at IIT-Madras , a complete layman in field of stock market.Can you kindly recommend some book , for a starter , to get to know about stock market Ramesh S Damani : Try 'One-up on Wall Street' by Peter Lynch. It is a good place to start. narayan singhi : i am great follower of you i have 20000 mcdowell at an avg price of 45 do u think qty is enough or should i sell some part Ramesh S Damani : That depends on your financial position. It should not be more than 2-5% of your investment portfolio. Too much means you will sell quickly for non-performance. Be patient. This stock is incorrectly valued. Ahmedabadguy : Sir do you see MAx india stock will outperform the market or still consolidation period for the stock?? Ramesh S Damani : Consolidation. vin : sir you are not answering my question for last few weeks. what could be bid price of sci Ramesh S Damani : I think the price will be around Rs 80-85. raman : Can we convert T.HOneywell into Macmillan. PLEASE ADVISE Ramesh S Damani : You could, though I have not done it. vikrantg : what are your views on technology ..........infy and satyam and RANBAXY AND DRREDDY Ramesh S Damani : I like Dr Reddy. The best among them. I own it. raman : WHICH is the site for C.UNIVERSAL you have mentioned Ramesh S Damani : cumi.co.in (I think)and laserwords.com for ITES business. Ahmedabadguy : Sir Don't you think as elections are approching in 18 months consteruction companies will have great next 12 months..Any likely big winner in the making? Ramesh S Damani : L&T, Hindustan Construction look good. dnana : AShish_007 - Try THE INVESTMENT BIKER by KING JIM ROGERS !!! You will FREAK OUT and your entire perspective to investing will change ! Trust Me - This is my Bible !!! Ramesh S Damani : It's a good book. The next book by him is Adventure Capitalist. your fan : Ramesh, Whart about Maruti IPO . How much a retail investor should apply and how many time oversubscription u are seeing. What price do u expect to open Ramesh S Damani : Around 1000 shares looks okay. It should open higher. kumaran : mascon global is now at Rs 11 it was Rs 1200 will it go high again Ramesh S Damani : I doubt it Azaz : Dear Sir, I am asking for the 5th time.kindly let us know when the shares of VIKAS WSP and DSQ BIO will be listed?Waht about the future of SKumars.online and Vital Communications Ramesh S Damani : I don't know the dates. Sorry. raman : laserwrods.com is not opening Ramesh S Damani : Try laserwords.com. vikrantg : views on NIFTY futures Ramesh S Damani : It is trading at a discount. I am not bullish on the index. However, market seems in good shape. Thanks all for joining and see you next week. |