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'I believe in the ITES industry'Mumbai, November 18, 2003: 'They are doing well and have good management. Sooner of later they will deliver,' says Ramesh Shrichand Damani.CHANDA : : give him some time to freshen after heavy trading Ramesh S Damani : : Hello everyone. Thanks for joining. Let's start. priya : : Sir please comment on my prtfolio Mukta Arts 3000 @ 55, TataPower 700 @ 168, Morgan stanley 16000 @ 9.9, Mcdowell 400 @ 48, Talbros Automotive 200 @ 57..Please tell which is more resky in current scenerio Ramesh S Damani : : The portfolio looks good to me. Especailly Morgan. I would hold on. gurudatta22 : : IT now is becoming a volume business. Dont you think then they would compromise on quality and eventually not be able to compete with the biggies like IBM, EDS etc Ramesh S Damani : : No. Problem would not be in quality but in compensation. The best people may go to work for IBM, EDS etc. Newbieatstock : : I have reading some of the past transcripts and I'veseen that you give a lot of importance to market cap,I've been reading around and I've figured the smallerthe market cap, the more potential it has to increase,but sometimes even if the market cap is small thecompany is expensive, how exactly do you go aboutthis, do you check the other companies in the sectoritself, could you please elaborate on this, and are there any books that explain ratios and other variables for investments. Ramesh S Damani : : I do, but in response to sales and profit potential. BEML had a turnover of 1800 crs and market cap of 70 crs. Look at McDowell today. Generally as growth slows price to sales ratio decreases. anaam : : Sir,There are so many bank scripts in the market & I am holding just a few like Karur Vysya,State Bk of Bikaner & SBI, I wish to have further exposure in bank stocks,I wish to invest Rs 5.00 laks more..I am thinking to invest in Reliance Banking Fund. Is it advisable??????????? Ramesh S Damani : : It sounds okay to me. That is a good way to get a diversified exposure. sudipto : : sir can i buy balaji tele, TCI now. How do u compare tci against gati. Ramesh S Damani : : Somehow I prefer Gati. saurabh : : Mr. Damani...I have 2000 shares of Manglore chemicals & refineries @6.70 is this good buy? can i hold it or exit Ramesh S Damani : : Sorry, I don't follow it. Farooqwala : : I am NRI based in UK. I had followed your advise earlier which resulted me goldmine. Thanks million.Could you kindly give few good scrips where I can invest? Ramesh S Damani : : Take a look at Goldaim and Balaji. I own both. Newbieatstock : : so the ideal market cap to sales ratio we should look at is 1 Ramesh S Damani : : That is a judgment call. Infy traded at more than 10 times sales and gave good returns. No fixed ratio. rajraj : : I want to hold a portfoilo of 5-10 stocks for 15 years as part of my retirement planning. Though I will periodically review these holdings, I do not want to do frequent shuffling. I am looking at around 10% compounded return. Can you suggest stocks with such a long term fundamentals? Ramesh S Damani : : Look for basic business that will survive 10 years. For example HDFC Bank, Tata Tea, Indian Shaving, Monsanto are all good places to look at. I own all of them. baracuda : : indian textile exports are looking up wall mart has come calling yarn prices are going up does this not mean good news for coimbatore based cos like super spinning results are on 21nov,are yu still holding i thought yu sold some months back Ramesh S Damani : : I sold Super Spg, but I am still holding Mahavir and Vardhman. NewEntrant : : Please my Morgan stanley question Ramesh S Damani : : Please repeat the question. priya : : Sir your advice about adding Nestle at current rate 566 in protfolio? Ramesh S Damani : : Looks good to me. I own it. AnandBhatt : : Sir,are you recommending Goldiam because the gold prices are at an all time high? Ramesh S Damani : : No. That really hurts them in a small way. They are jewellery exporters and doing well. jatin : : bombay burmah holds rs.29 cr worth of shares in bombay dyeing. is this story a good enough reason to buy the stock Ramesh S Damani : : It is also holding lots of other assets. These plays are popular nowadays. Newbieatstock : : Sir Is McDowell and Ub Holding's going cheap or "dirt cheap"?If yes other than these two stocks which other wouldyou consider to be "dirt cheap". Ramesh S Damani : : Lots of stocks but these two are the ones that I have studied. Farooqwala : : Thanks for your valuable advice. I have bought McDowel and Godrej Ind and Welspun Guj, kindly highlight these scrips Ramesh S Damani : : They all look promising. What would you like to know. milindkulkarni : : SIR, What about Zodiac clothing, pantloon is being recommanded on CNBC Ramesh S Damani : : I do like Zodiac. sureshmakhija : : good evening sir i had a long holdings in hpcl but it is not moving in this bull run though every one is saying that its a safe for value investing now after subsidary burden is it good to hold Ramesh S Damani : : I would hold on at the currently. Divestment could start again. Also there are chances of a good dividend. gg : : sir , do u still recommend godrej industreis Ramesh S Damani : : Yes. sureshmakhija : : sir solectron centium is it good scrip to buy as flextonics is also have a big plans for india Ramesh S Damani : : Somehow I am not impressed with them. However the numbers should be good next year. baracuda : : chowgule steamship has had a very good run from9-17would yu still continue to hold it considering the fact that the managementhas never been transparentand their fleet size is smallbein myself from goa i know how the chowgules have been running their businesses Ramesh S Damani : : A rising tide lifts all ships. However, I would sell some at current rates. rakshesh : : sir u consider mcdowell as cheap-- but other liquor stocks like radico khaita, khodays jagjith, balaji distillaries etc-- dont they get benifited by deregulation? Ramesh S Damani : : They are. However, I have gone with the leader. Newbieatstock : : u mentioned so many stocks last week i couldnt possible buy them all if i had to pick one from (goldiam,nagarjuna,godrej industries,logix microsystems) which one would u consider the best or anything else. Ramesh S Damani : : They all have different risk reward ratios. It depends on what you like. shivami : : Mr Damani,Can I enter GAIL and Macdowell at these levels for longer period of say one two to years.. PLease Ramesh S Damani : : I would buy McDowell and hold Gail. Farooqwala : : Damaniji, Is Goldiam/Balaji, Goliam Intl Ltd. and Balaji Tele? Ramesh S Damani : : Yes. rao : : one good monsoon doesn't make a robust economy, does it ? Ramesh S Damani : : But low interest rates do. Radhika : : sir iam holding 250of Tata sponge@99and 200 af gujarat ambuja@290 please advice to hold or exit Ramesh S Damani : : I would hold on to Ambuja. Newbieatstock : : well in that case which amongst them has the best risk reward ratio. Ramesh S Damani : : Goldaim. It is at a PE of 2-3 and doing reasonably well. MALIK : : please whether it is worth investment logix micro at Rs 26 Ramesh S Damani : : It is for people who like tech stocks and want to take some risks. It is not for the faint hearted. sureshmakhija : : sir i had seen a lot of analyst in cnbc all talk about sector not about specific scrip but u rr the one who always talk about scrip i watched so many analyst but u r the best u r so honest that every time u r call goes right we have pepole like harshad ketan in our stock market but we have person like u also whom we can say that he is the waren buffet of india hats of to u mr damani keep it up Ramesh S Damani : : Thanks for your kind words. I deeply appreciate it. sanujkadavil : : sirrecently my father agreed mee to give 1 lakh rs for long term18-24months.i allocated 20%-mcdowell.10%-ub,zodiac-10%,mahavir-5%,sreerajastan-5%..can you recommand any three stocks for longterm like max,godrej,good year..how can i allocate my remaining 50% Ramesh S Damani : : You are buying too many stocks. I would suggest you buy one stock with the remaining 50k. In a one lakh stock you should have no more than 2-3 stocks. anaam : : Sir,I have read your interview on Capitalidea with LOBM.. If some one wakes you up @ 5.00am in the morning & asks you to suggest a script which one will you suggest(forget about slapping oneself'')???? Ramesh S Damani : : I don't feel that strongly about any script other than McDowell. However remember that it is for people with ample patience. rajraj : : Sir, Is this logic correct - Since US $ is weakning and expected to go down further, the companies who depend on imports would be doing better. Which sectors? Which individual stocks ones will do good? Ramesh S Damani : : That is why Telco, Tisco are doing well since they are players in the domestic market. rangas : : Sir CAN I ENTER CORPORATION BANK AND POLARIS AT THESE LEVELS FOR One year period Ramesh S Damani : : I prefer corporation bank. mmk : : Which one is better in Zodiac or Pantloon Ramesh S Damani : : I prefer Zodiac. kartikeya : : sir pl suggest two STOCKS WE MAY ENTER AT CURRENT LEVEL AND FORGET..THEY STILL GAIN AND WE GET FAIR RETURN WHENEVER WE DESIRE Ramesh S Damani : : I am not recommending anything new. You can check my transcripts for old recommendations. jatin : : ur commitment is commendable sir, since u r missing the cricket match to answer our queries thanks. Ramesh S Damani : : Who do you think will win. arahaman : : What is the business of LOGIX? Could u give little idea? Ramesh S Damani : : Software for the auto market in the US, including Yahoo! They are niche companies. hhhh : : Ramesh ji, whats your call on shre Raj syntex in the prsent context. pl advice Ramesh S Damani : : They don't seem to be out of the woods yet. However it is very cheap. sanujkadavil : : siri like to buy more mcdowell and ub.becoz now iam sitting profits in zodiac and mahavir..i want to transfer that to mcdowell and ub..what about my remaining 50%..what is your call on max and godrej..max pur e long term insurance play.and godrej huge opportunity in food processing..package dfoods..anoter itc borns and low float..what will be best picks Ramesh S Damani : : Let me think about that. Don't make McDowell more than 10-15 per cent of your portfolio because it requires patience. MALIK : : whethwe it is worth investment in Colgate at current prices.there is sharp increase in volume of shares Ramesh S Damani : : I like Colgate at the current time for a stable investor. kartikeya : : sir the day you declare you have exited from the scripts they tank from that day..e.g. goodyear.. your views on the SCRIPT GOODYEAR [I] Ramesh S Damani : : I have reduced the holding in Goodyear but not sold out. Remember marketshare is more supreme than any individual. It has nothing to do with my buying or selling, everyone needs to understand that the market is supreme. Preity : : Can I buy Morgan Stanley Growth Fund at Rs 15,IFCI at Rs 16 ? Ramesh S Damani : : Morgan yes, avoid IFCI. gujjuboy : : SIR, WHAT ARE VIES ON TEXTILE SECTOR? ANY PRECIOUS SCRIP U SUGESST? Ramesh S Damani : : Nothing new at this point to recommend. KR : : SIR PLEASE..... : : -)GOOD AFTERNOON SIR... YOUR VIEWS ON PORTFOLIO COMPRISING.... BALAJI TELE... GAIL... HPCL...BPCL... MCDOWELL... MCMILLAN....TISCO... FEDERAL BANK... TATA INFOTECH...GAIL...HINDUJA TMT... RANBAXY... UB HOLDING AND GOLDIAM INTERNATIONAL.... I HAVE BEEN INVESTING MOSTLY ON YOUR RECOMMENDATION AND HAVE MADE HANDSOME MONEY TOO.... WATNED TO BE HERE FOR YOUR ADVICE SINCE LAST TWO-THREE WEEKS BUT COULDNT... PLEASE SUGGEST ANY ALTERATION IF IT IS REQUIRED IN YOUR OPNION Ramesh S Damani : : They all look good to me. At some point I would buy McMillan. probal : : how long will shree rajasthan syste will take to come out of woods...any idea..as i had lot of position on it.... Ramesh S Damani : : I wish I could answer that question AnandBhatt : : Thanks Sir,Is Godrej industries a growth play or more of a defensive stock? Ramesh S Damani : : Defensive bet with lots of good value. suresh_makhija : : sir what r u r views on day trading have u read any book on this sir plz answer are u there ramesh ji Ramesh S Damani : : 'Reminiscences of a stock market operator' is the best in day trading. AnanthaSekhar : : Ramesh ji, Godrej group bought a BPO company in US and has its Own IT company..have they been part of the godrej industries or some other group company? Ramesh S Damani : : Part of some other company though Godrej Ind has some exposure to ITES. suresh_makhija : : personally what r u r views on day trading is it good to do that or to avoid Ramesh S Damani : : AVOID. It is for one in 1000 professionals. probal : : Sir i had 1000 tisco bought at 250 . What os do sir, as lots of mutual funds are sellin tisco. Do u still hold it. Please guide me sir... Ramesh S Damani : : I am still bullish on Tisco. AnandBhatt : : Sir,on CNBC the othet day I heard about a tyre price hike most likely at the end of the month.This was before the Apollo Michelin deal.Any idea about it?Was the price hike only for Apollo oe the overall tyre industry.In that case Goodyear would go up by the end of the month.Please advise. Ramesh S Damani : : I think it is for the over all industry, rubber prices have been going up so the need to increase prices. anaam : : Sir,Are you still holding all your MACMILLANS????????????? Ramesh S Damani : : Sold a little bit. KR : : I TOO FEEL LIKE ADDING MCMILLAN...I GUESS IT HAD ONE BAD QUARTER... BUT I NEED YOUR WORDS TO PUT MORE MONEY INTO IT.... Ramesh S Damani : : Look my faith is in the ITES industry. They are doing well and have good management. Sooner of later they will deliver. volvo : : in your last chat yu said that yu will look into man ind expansion plans have read anythig about it please let us know Ramesh S Damani : : Nothing new at this time. gujjuboy : : sir, you are so confident about mcdowell? what makes you so confident for mcdowell? i had bought few shares ad Rs45 can i buy more at current level? i have pations to hold it. Ramesh S Damani : : Let me say one more time. 40 per cent of Indian liquor market cannot be held for 200 crs. It doesn't make sense. vikas1 : : Do u advise Sundaram Finance at current ;evels with 1 yr. perspective Ramesh S Damani : : Yes. fad : : i m a great admirer of urs. pl. advice me regarding raymond, gmdc, nelcoi m a great admirer of urs. pl. advice me regarding raymond, gmdc, nelco Ramesh S Damani : : They all are doing well at the current time and I would hold on. Nelco may be turning around. Newbieatstock : : sir you said mcdowell shouldnt be more than 15% of portfolio, i have a 6lakh portfolio and this is how its divided Mcdowell 48% Ub 9%Macmillan 13% Zodiac 8%.Should it worry me, somehow over the last few months i have developed conviction in mcdowell and think it has maximum upside, and feel that it will be the stock that will maybe 5 years down the line give me phenominal returns.would you still recommend me to trim my holding in mcdowell Ramesh S Damani : : It depends on your risk tolerance, if you can't afford to lose money or want to participate in market daily lower your holdings. If you can put that money aside it is better to make a concentrated bet. KR : : SIR, OTHER THAN MCMILLAN... I AM THINKING ABOUT ADDING SOME PHARMA TO MY HOLDING... I GOT RANBAXY... AND RECENTLY BOOKED PROFITS IN DRREDDY..... YOUR VIEW ON THE SECTOR AND OPINION ON STOCKS LIKE TORRENT, AURBINDO AND HIKAL Ramesh S Damani : : I would hold on to Reddy, Ranbaxy. kartikeya : : SIR BUT MCDOWELL DO NOT MAKE PROFIT AS EXPENDITURE IS VERY HIGH SO HOW INVESTORS BE REWARDED?? Ramesh S Damani : : That is why it is cheap. When they start making profits price will go through the roof. Mallya will be forced to change or some one will force him to buy. kartikeya : : HOW ABOUT RAMESH DAMANI TAKING A STACK SAY 26%IN MC DOWELL?? Ramesh S Damani : : I wish I had that kind of money. Thanks all for joining. See you next week. Bye. |