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'e-Serve is expensive compared to others'Mumbai, June 24, 2003: 'BPO is a hard business to scale up. This year might be better but the average rate will be around 25% ,' says Ramesh Shrichand Damani.vineet2003 : hello sir Ramesh S Damani : Hello everyone. Thanks for joining. Let's start. masaladosa : micos workers have gone on strikeshould the downturn in the stock price be used as an oppurtunity to buy more and are yu bullish on mico although it has never been a very investor friendly company Ramesh S Damani : They deliver good results and that is the best way to talk. masaladosa : have yu had the chance to look at shree raj syntex results which were todayand will yu recomend buying indian rayon now Ramesh S Damani : I have not seen the results yet. Indian Rayon has possibilities. Am looking at it. SiliconInvestor : E-Serve will have it's annual meeting next week. What is your take on their future guidance ? Ramesh S Damani : Hopefully a 25% plus guidance. known : Sir,Several times we asked you about ORCHID CHEM. Since then it has moved a lot. Have you looked into it yet? Ramesh S Damani : Lot of good news flow on the company. However, I have not taken a position. Babu C : Dear Damaniji, do you have any turnaround candidate sir Ramesh S Damani : I had recommended Shri Raj Syntex earlier. B.padmaraj : Sir, Let me know the INDIAN HOTELS at present it is Rs.248/. Ramesh S Damani : I am still holding on to it. SiliconInvestor : Is 25% top line growth enough for E-serve in an industry that is expected to grow annually at 45% (as per NASSCOM projections) Ramesh S Damani : Not really but management has said that the average growth will be that. BPO is a hard business to scale up. This year might be better but the average rate will be around 25%. I own it. Bagri : How is Avery Ltd, Everady, Maral Overseas looking to u Ramesh S Damani : Maral is doing well due to the textile boom. dsouza : Carburundam Universal : Is it an invest ment or trading and u think 160 approx is good price to enter Ramesh S Damani : I am going to hold on at the current time. B.padmaraj : Sir, can you tell some good script in TEXTILE INDUSTRIES for medium term investment. Ramesh S Damani : Take a look at Mahavir Spg or Vardhman Spg. They will do well over the next few years. Bagri : Carborundum has moved alot after your announcement on CNBC - do u feel it should be hod or exit at current prices and even VST Industries also has moved alot - shall we hold it or sell it Ramesh S Damani : At the current time I would hold it. If trading you can book profits in VST. Bagri : Do u still recommend Macmilan/Tata Honeywell/Tata Infotech/E-serve/Blue Star Infotech and which is the best bet out of these sectors Ramesh S Damani : Yes I do. I think McMillan is a good bet from risk/reward point of view. I own all these shares. dsouza : What will make E-SERVE double from these levels . Is it sentiment only which stopping it Ramesh S Damani : It is struggling. It remains expensive compared to the rest of the tech stocks. amitb : sir can we makeinvest in Bluestar LTd with 90 % dividend. and 100% guidance in growth ? Ramesh S Damani : They have been a good company to invest in. However, I own Blue Star Infotech and not this company. Where did you get the 100% guidance from? SiliconInvestor : I fail to see the difference between Infosys and E-serve. Infosys is growing at 18%, E-serve is at 25%. What makes one to pick E-serve ? Ramesh S Damani : Infosys is in services, e-serve is in BPO. Infosys has a market cap of $4 Billion. e-serve of $100 million. amitb : sir i read on BSE site in announcements sometime back sir ?? Ramesh S Damani : Please check it again and let me know. B.padmaraj : Sir, Last time you told about GAIL now it is around 110 to 115 are you still recomend this script.What is the future pl ? Ramesh S Damani : I think it is a good defensive bet for people. It should give steady gains. CA Babu : Dear Sir, I am little nervous with E-serve even after keeping it for 6 months it is at the same level at around 500 it went down and going up.. Any switch over can you suggest sir? Ramesh S Damani : Stock is in a trading zone. Let's see if you get any visibility at AGM. panditjj : good afternoon sir,any news form tata info tech and haneywell? last time u told us u will share script rgarding james cotte. please share some thought. Ramesh S Damani : I have not been able to get a feedback. Will update you. dsouza : Have u got chance to look into Natco Pharma.Is it next MATRIX Ramesh S Damani : I have been reading about cancer drugs and how they are doing but no view yet. panditjj : sir u reccommnded gail @110/- at current price time frame one can image this stock like bel?in fuutre growth Ramesh S Damani : I think it can be a good stock in a portfolio. It is not as neat as BEL. SiliconInvestor : Let me phrase my question once again. Do you think E-serve can continue to grow its eps by squeezing its margin without really having an above average topline growth ? Ramesh S Damani : I don't think margins will expand. Tax rate will come down. They are unlikely to earn more than10-12 per cent pat margins. uday : Sir, in today's economic times paper, it was mentioned that the board meeting of Opto Circuits is on 28 and that too only for Accounts. Usually they mention both Accounts/Dividend. Will they declare dividend or not? Ramesh S Damani : They should be declaring a dividend too. Last year they paid Rs 3/-- this year they should do better than that. known : Sir,Why did you ignore ORCHID when the story was building up & sever "chat participant" were pointing it for you? Anything "negative" you see in it which we dont see? Ramesh S Damani : Just too many companies to follow. kamal 1 : Out of your ITES recommendations which one has the best chance to double from these levels at at least around 70-75% Ramesh S Damani : I think McMillan is ready. I own it. nandu : any idea about pokarna ltd highly profit making granite co from hyd Ramesh S Damani : Sorry. I don't follow it. newbieeatstocks : Sir what are your views on entering at current levels - Tisco, HPCl, Apollo Hospitals, Tata Honeywell, Macmillan, Essel Propack Ramesh S Damani : They all look good. I own them all except Essel. Though Essel looks good too. rao : the market usually sell off on good news. now that the monsoon's here, has the current rally ended ? Ramesh S Damani : 3800 is a good target to aim at. uday : Sir, have you booked profits in Gail and Carborundum at the present levels. As per your policy, you have already got your 15 to 20% appreciation? Can we still hold these? Ramesh S Damani : I am holding on to these shares. CA Babu : Ramesh Ji, The bull mkt is not a really bull mkt for your true follower like me who got invested in ITES stocks... But I should thank you we did not loose much in the bear mkt.. But we missed the banking rally and the current rally.. Hope we will not be missed out completely Ramesh S Damani : ITES has performed badly but other stocks have done okay. GAIL, Balaji etc. However I remain optimistic about ITES. They are on a hiring binge. uday : Sir, any news of the Spanish company taking a stake in the Mahindra run Mahindra Ugine Steel Company. It was very strong with good volumes. I heard that the open offer will be in excess of Rs. 35 whereas the market price is only 13. Can I buy? Ramesh S Damani : I have not heard anything about it. known : Sir,Just like Orchid you were following SHASUN Chem. We have invested in it @ Rs 91/ Is it fuuly priced or is the story still intact & the stock is in consolidating mode? Ramesh S Damani : Shashun looks well priced. Ahmedabadguys : Mr. Damani on CNBC you said you are interested in MAruti issue may be because to catch listing boom...Around what prise target you find stock will open around for one to get exited?? Ramesh S Damani : It should open around 155-160. NArayan k : where do u see the price movement of balaji price from here pl reply me Ramesh S Damani : It's a good investment. Ahmedabadguys : Sir do you think BEML stock is well prised around 84-85 rs? Ramesh S Damani : It seems well priced. Counter is good however. newbieeatstocks : thank you for answering sir i have a few more compaines please let me know if it is advisible at current levels Ingersoll Rand,GILLETTE,HLL,AMARA RAJA,United Breweries Holdings,PENTAMEDIA GRAPHICS,Cadila Healthcare Ltd. Ramesh S Damani : I own Gillette, UB Holding and Ingersoll Rand. Anand Binani : Sir Do u suggest a businessman to invst in the stock market.....the person can safely double his money in his business in one year?if yes why .......... Ramesh S Damani : If he can do it in his business, avoid the market except for diversification purposes. SiliconInvestor : I did a quick calculation based on your 25% growth estimate for E-Serve. My figures show that they should come in with a revenue of 320 crores and net profit of 38 crores. Do they numbers match what you have in your mind ? THANKS Ramesh S Damani : NP should be around Rs 40 crs. Turnover is correct. bagr : Nemish is very bullish on Shree Ceemnt / Pantaloon/ Torrent pharma - any idea Ramesh S Damani : We would have to ask him that. macmillan : Any news on Tata Infotech . Lying very low Ramesh S Damani : I am expecting them to be flat but making profit. rao : should a small investor hold onto to his l&t stock ... or wud it make sense to book profits now at 235-240 ? Ramesh S Damani : I would hold on. Ahmedabadguys : Sir IL&FS's broking outfit has came out with market outperformer view on Macmilan with target prise of around 200... Ramesh S Damani : I think that is a short time view. It should go back to around 300 in 9-12 months time. I hope. I own it. macmillan : Digital has forcasted for next 4 yrs. Does it mean Tech has more clarity now Ramesh S Damani : Mainly from business that HP has promised. masaladosa : dont yu feel that in the liquor business it is shaw wallace who is more aggresive and mcdow has gone to sleepshaw is already selling 22millioncases Ramesh S Damani : I don't come to that conclusion. Also you can't bet on a company that does not control the operating business. raJESHCHANDAK : R u Still Bullish on cmc? Ramesh S Damani : It's a hold. CA Babu : Ramesh ji, The turnaround stock Shree Raj is tarding at around 8 with volume of 15000 Is the volume ok... at Rs 8? Ramesh S Damani : You are not getting much shares at these price. macmillan : FINALLY 5 PICKS IN CURRENT SITUATION OF YOUR CHOICE Ramesh S Damani : Maybe next week. CA Babu : Ramesh Ji will we find an exit if we enter the stock you recommended just now ie Shree Raj textile which is having a vol of just 15000 Ramesh S Damani : If the story works out, sure. raJESHCHANDAK : Yes Its a Strong BUY with Strong fundamentals,mgmt. is also excellent..... so just buy? Ramesh S Damani : I am not sure about management. Otherwise I would recommend it maybe. suk2 : Hello Sir.What about the BlueStar Infotech stock price? What are ur predictions about its share price? Ramesh S Damani : It is a good bet at this price. I own it. Ahmedabadguys : Mr. Damani would you look at the cadila counter and update us as stock was given at 250 rs. ipo prise and has seen lot of consilidation in 120-140 rs. range for few years now and its merger with german remadies is over now.... Ramesh S Damani : I will make inquiries. CA Babu : Which one sir .. I cannot understand your answering to raJESHCHANDAK.. Please clarify Ramesh S Damani : He is a relative. That is his company. Not listed. bagr : ramesh/rajesh what is national braid co. pl. guide the name at what price it is quoted Ramesh S Damani : It is not listed. sudhanshu : sir even ur general opinion on NALCo will be appreciated Ramesh S Damani : Bullish on it. ksss : , man industries is at 42, i have not bought it, can i buy now Ramesh S Damani : It has a good run and the Q1 results will be good. CA Babu : Damaniji, Guj. Alkaline has made profits after 4 years and is offering right issue at the rate of Rs 12.50 (with premium) in the ratio of 3 : 5 Do you think it is good to buy at around 35 sir? Ramesh S Damani : I will study it. mro : Sir, Can you find out the buzz in Mahindra Ugine steel company? Can we buy at the current rates? I will wait for the answer next Tuesday and buy after that? The stock is available at just Rs. 13. I will be waiting for your reply the next week? Ramesh S Damani : I will try and find out. Ahmedabadguys : radico khaitan stock(Liquor stock, 18% div.,35% growth target for next 3 years, 10 rs. EPS current year) has again started trading on bse..around 38 rs. you suggest buy??? Ramesh S Damani : I just got the balance sheet. Will look at it, thanks all for joining. See you next week. Bye. |