| Categories | ||
  POLITICS & GOVERNANCE[2001 onwards] POLITICS & GOVERNANCE[1996-2000] MOVIESMUSICSPORTSBUSINESSNATIONAL SECURITYINTERNATIONAL AFFAIRSINFOTECHSOCIETYSTYLELIVETRAVELSCIENCEELECTION'99ELECTIONS '98 | ||
'PSU banks seem to be on a good wicket'Mumbai, December 24, 2002 : 'But a long drawn war on Iraq could have a negative impact on the markets,' says Ramesh Shrichand Damani.rama : at the end of the year, what do you feel was the year's highlights and what were the lowpoints? Ramesh Shrichand Damani : Hello everyone thanks for joining and lets start. The high point clearly was the big move in the PSU stocks. prakash : what do you feel abt the jpc's report on the stock market scam? Ramesh Shrichand Damani : It is likely to be forgotten. It is a political document. nitya : : happy christmas and new year, damanibhai! Ramesh Shrichand Damani : Same to all of you. baracuda : usa will ultimately attack iraq the only question is when markets may tank at least for a couple days dont yu see that as the best time to buy and what should be bought then Ramesh Shrichand Damani : Saddam in the next six months will be exiled, captured or dead. Best bet for the world is if he is exiled. War is unpredictable. Remember Vietnam? sharu : Which stock look good in the power sector? Ramesh Shrichand Damani : Usual suspects are BSES and Tata Power. baracuda : have yu found out why i-flex is going up at what levels do yu see investors exiting or is it becoming a core holding Ramesh Shrichand Damani : The price moment suggests it is well on its way to being a glamour holding. nitya : So u feel that what jpc has said in its report is not true? Ramesh Shrichand Damani : No accountability has been fixed. Heads should have rolled. However no one has been really held liable. raghu : sir i have 100 tata telecom and 100 colgate.should i hold or sell Ramesh Shrichand Damani : Hold them both. ritu : I have heard that govt. is going to declare a special dividend of 50 rs. in EIL and this company will be disinvested before 31st March this year. If this true, what could be the upside potential in EIL? Ramesh Shrichand Damani : It may. However at 300 it is well priced. anaam : sir,have you gone thru' the bancesheet of sesa goa? Ramesh Shrichand Damani : Not recently… anything special ? raghu : sir i have 150 silverline also.what is the prospect for the company Ramesh Shrichand Damani : Poor. ritu : Ramesh, do you have any opinion on Essel Packaging? Yr friends RJ and Ballabh Bhansali have a huge liking for the scrip? Shd we invest for the long term? Ramesh Shrichand Damani : I am not sure from where you get your information. I am generally not very bullish on the script. raghu : sir what are the prospects for Bharati Televentures Ramesh Shrichand Damani : They are in a dogfight with Reliance. ritu-s : anything u bought over the last week Ramesh for trading or investment purposes? enlighten us! Ramesh Shrichand Damani : I recently bought some TataInfotech. anaam : Sir, Out of your total holding in ITES how much you have allocated to E-Serve & Geometric?Are these stocks worth buying at this level? Note that I am holding E-serve since Rs 160 & Geometric since Rs 120? It's just adding more toold holding Ramesh Shrichand Damani : Congrats. Generally I am reluctant to put more than 5 per cent in one idea. However my ITES portfolio is around 40 per cent. RAJESH_ : sIR, WHAT PORTIONOF EQUITIES YOU ADVICE TO INVEST IN BANK STOCKS? ARE YOU BULLISH ON BANK STOCKS. IF SO WHICH STOCKS YOU ADVICE AT CURRENT LEVELS? Ramesh Shrichand Damani : I own and am bullish on SBI. BoI and BoB are trading calls. sharu : Please give ur opinion on zicom electronics? Are there any other company in the same business (security systems), if so please tell? Thanx Ramesh Shrichand Damani : I have started to look at it. Tata Honeywell also operates in the space. ritu-s : Ramesh, Can you suggest some good books on 'the art of trading'? I think trading successfully is something much more difficult than investing? Do you agree? Ramesh Shrichand Damani : Both are tough. For trading you need to develop your own style. Try reading : Reminiscences of a Stock Market Operator. sonia : Please tel me your opinion about pentaloon retail at current level Ramesh Shrichand Damani : A good speculative bet. I own some. RAJESH-1 : sIR, WHAT IS YOUR OPINION ON BLUE STAR INFOTECH, LAKMI AUTO, ULTRAMARINE. Ramesh Shrichand Damani : I own all 3 and think they are good bets at current rates. ankeet : Sir,Please look into coming public offer of Colour Chem.Their case is pending with SAT.Once the rulling will be out it should move vertically. Ramesh Shrichand Damani : It should rise, sharply. I own some. ankeet : Sir, I am talking about ... out of 40% how much allocation to E-serve & how much to Geometric? Ramesh Shrichand Damani : I told you my philosophy, actual numbers are not important. honey : Pls. give Ur views on HCL Info and Concor Ramesh Shrichand Damani : I like Concor. However no triggers appear at the current time. PRADEEP : Hello Ramesh-What about Mastek Is it not trading at a lower price Also Aftek seems to be trading at a low P/E Ramesh Shrichand Damani : The low P/E is due to lack of strong belief in management. They have had a sloppy record in the past. sammy : I bought Andhra Bank @ Rs.8 and Syndicate bank @ Rs. 9 for their dividend yeilds. Now that they have run up what do I do. I have about 5000 shares in each of them. Also whct about Guj heavy chemicals for it dividend yeild can I switch over to this or buy indusind bank ? Ramesh Shrichand Damani : Congratulations on your foresight. I don't follow Gujarat Heavy so no advice. kailashpc@rediffmail.com : Ramesh ji What are the possiblities to hike the rate of Canara bank shares Ramesh Shrichand Damani : All PSU banks seem to be on a good wicket. I think they will rise. ankeet : Sir. In case you have invested in Laxmi Auto.. Why not Rane Brakes.They have procured orders from Austarlia..Manufacturing BPO. Or that you dont like Rane Group? Ramesh Shrichand Damani : Just don't follow it. heman : sir, what is view on macmillan, can one increase the position at current price Ramesh Shrichand Damani : McMillan has been a wrong pick of mine. However, the company is doing alright. It should do Rs 13 and grow by 25 per cent next year. That number is poor for a company of its size. Hence the stock is tanking. BClinton : where is the telecom industry headed with almost 10 multi national competing, strong growth is evident but will the corporations profit as much ? Ramesh Shrichand Damani : Unless we see Reliance strategy we will not be able to tell. I think consumers will win, that is for sure. PRADEEP : Hello RameshNucleus Software seems to be creating plenty of reserves by providing by following a very aggressive policy on provisioning.How do you see the stockAlso when would M&A become operative in TECH industry Ramesh Shrichand Damani : Rules don't allow M&A to take place in a hostile environment. Nucleus seems to be doing a good job but I am not clear about their future prospects. raju : Hi Rameshji ...I would like to know your opnion ..I am doing second entry to Stock market..(I would like to invest around 20k ...which are the stocks you would like me to go for buy ...its just a suggestion ..from u Ramesh Shrichand Damani : It is a small amount. Buy some thing in ITES and some Breweries. RAJESH-1 : SIR, WE SHOULD WAIT FOR CORRECTION TO ENTER THE STOCKS LIKE BOB AND BOI. AT WHAT LEVELS YOU ADVICE TO ENTER IN THESE STOCKS Ramesh Shrichand Damani : I have not bought these stocks personally. However, they look good at current levels. Farooqwalla : Damaniji, I am a business from U.K. I was not checked my portfolio for sometime. Now, I found there are 5,000 Cyberspace Ltd. shares in my account after split of shares. Is there any chance to list this scrip in stock exchanges? Could please advise me, what should I do now? Ramesh Shrichand Damani : I think this share is listed. It had scaled highs in 2000. I doubt you will get much from it. rohit : i am holding 800 shares of hdfc post bonus.Should i hold or sell Ramesh Shrichand Damani : I would hold them. kris : Daminiji, what's your opinion onsmall pharma stocks like Alembic, Suven who are involving in Clinical Research Ramesh Shrichand Damani : I am bullish on them. I own some Suven. bulbul : HAVE YOU EXITED FROM MACMILLAN OR ADVISE TO HOLD ON Ramesh Shrichand Damani : I hold them. However I am disappointed by the growth number. Sometimes you have to give management some more time. The quality of the company remains AAA. SunilJagadish : SIR, WHICH SECTOR DO U THINK IS THE BEST TO INVEST FOR 2003? Ramesh Shrichand Damani : I firmly believe in BPO/ITES sector. Ashish : SIR.. WILL MARGIN TRADING CLICK IN THE INDIAN MARKETS !!!! Ramesh Shrichand Damani : I am sure it will. It has been working for 25 yrs. However derivatives have taken hold in India. nkmehta : Shri Ramaniji,I have 400 shares of M/s HPCL purchased against their public offer @ Rs. 400/- each. What do you think are the prospects forthisscrip in future? Is it advisable to hold now or dispose it off? Regards Ramesh Shrichand Damani : I would hold on till divestment. RAJESH-1 : SIR, WHAT IS THE PROBABILITY OF USA GOING WAR WITH IRAQ. IF SO HOW MUCH WILL BE THE DOWNSIDE FOR INDEX? WHICH STOCKS WILL BE EFFECTED MOST Ramesh Shrichand Damani : Depends on the length. If it is a clinical one (like Afghanistan) there will be little downside and it will also be well factored. If it is a long drawn affair with10,000-20,000 casualties it would be a major negative. AnandBhatt : SIR,IS TATA INFOTECH A TRADING CALL OR DO YOU SUGGEST INVESTING IN IT LIKE TATA HONEYWELL.PLS ADVISE Ramesh Shrichand Damani : It is still sketchy so I can't call it a core holding. The service business has been under pressure and making losses. However, their BPO/ITES play has been impressive. My estimate is that they have1500-1800 people working in call centre and revenues are approaching Rs 100-125 crore. This could double in two years time. My advice is to make an initial investment and hold. rkvarma : Hello Sir, I would like to what's going on with DSQ software ltd. I personally think that there would have been some mis-management or illegal handling of the company. I would be thankful if you could give me your advice on this. Ramesh Shrichand Damani : You are on the right track. kris : what's yr opinion on D-Link and Tata Power. I own both at exhorbitant rates. Should I exit at this stage or valuation is still there Ramesh Shrichand Damani : Tata Power is looking good. D-Link I am studying. bulbul : SIR HOW MANY TIMES--- YOUR TOP 3 PICKS FOR 2003 Ramesh Shrichand Damani : I have said them many times. 2 examples are Tata Honeywell and McDowell (riskier). thisandthat : do you think privatisation of SCI will happen in this fiscal? Ramesh Shrichand Damani : Maybe but it is unlikely to get a great bid. AnandBhatt : THANKS A LOT.ALSO SHOULD I INVEST AT GEOMETRIC AT CURRENT LEVELS OR WAIT FOR THE RESULTS IN JAN.PLS ADVISE ON THIS ONE. Ramesh Shrichand Damani : Results for Q3 should be good. I am bullish on the company. I still own it. damu : All good comapnies have separated the BPO initiative from their core business...Examples are Progeon, Spectramind... why? is it because of the high risk? Ramesh Shrichand Damani : Different salary structures. Different incentives etc. StockLover : What is your opinion on IFlex ? Ramesh Shrichand Damani : Looking good. I trade in it. rkvarma : So do you think that there is no future for DSQ software? Do you think Government should look into these type of companies immediately, so that share holders will not suffer any more. Ramesh Shrichand Damani : Unfortunately it does't happen in India. Justice is not enforced especially if you are big. Thanks all for joining. Merry Christmas to all. See you next week, Bye |