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THE CHAT ROOMS
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'BPO is the industry of the future''Over the next few years, ITES sector will be big. ITES stocks have gone up 4-5 times in nine months. Market will pay for growth,' says Ramesh Shrichand Damani. ayanshah : After some waiting Mcdowell did rise today..A little breather but IT&T went for the reverse circuit..Thoda thanda thoda Garam..Rameshji ka kamal... Ramesh S Damani : Thanks for joining. Lets start. As they say Kabhi Khushi Kabhi Gum : What has happened to E-serve after results? I have bought 300 @640 levels. Please advise is there any ray of hope for me and what should I do Ramesh S Damani : I was very happy with the results. ITES shares are taking a break. They will resume climb upwards. Hold on DID : HELLO RD HOW DO U DO ? PLEASE TELL ME WHAT ATTRACTED U IN MCDOWELL Ramesh S Damani : The valution. You are getting 25% of Indian spirits market for a m-cap of Rs 250 crore. That is cheap. THe worst news is in the price. I am hopeful of good triggers. Also the co spends Rs 105 crs on advtg so cash flow is there. DID : DO U FEEL NOW TIME HAS COME FOR CYCLICALS. IF YES WHICH INDUSTRY MAY FETCH HIGHEST RETURN ON BOURSES IN NEAR FUTURE. Ramesh S Damani : Cyclicals are in favour. Look at TISCO or Larsen. I own a small quantity of both : What happened to macin and why do you advise to go for it? Does it have any ITES business Ramesh S Damani : Yes it does and its is growing. I am bullish on its prospects. Dont look at each quarter carpethiem : Why the market has not reacted one way or other to the double switch in portfolio? Would appointment of Arun Shourie to the Finanace Minister seat impacted the market? I value your views Ramesh S Damani : Market would have been happy with Shourie. However Singh is a good choice. We needed a change harip : Please let me know your comments on construction industry, specially IVR constructions? Thanks.. Ramesh S Damani : They are enjoying a boom due to the national highway project. However it is a difficult industry to track. BEML is a big benificiary of this., carpethiem : I want to get into PSUs. Is there still value in any PSU scrip for buy? Ramesh S Damani : I still recommend and hold BEL and Container Corp vidyut : Do you, sir, think the Reliance group may split now, now that Dhirubhai is even further disabled? Ramesh S Damani : Not at the current time. Family will close ranks ritu : Dear Ramesh, would u analyse E-serve results for us and what type of results do u expect for the next year? Ramesh S Damani : Margins have expanded and growth is robust. Next year they could do 300-310 crs turnover with PAT expanding to 25-30 crs and around Rs 25 EPS. Growth stocks are always expensive. If you belive in the IT industry you should buy these co's for the long term BASANTMAHESHWARI : What was the dividend declared by BEL today? Does the counter look set for a break out after the sideways movement over the past couple of weeks Ramesh S Damani : Have not heard about it. It should be out shortly. I am expecting Rs 5 - Rs 6. silverinvestor : Sir,congrats on discovering ABB Alsthom Power @ around Rs 32/. It has spurted quite a lot. What's the size of new order they expect to bag. Any substance in they bagging the order? Ramesh S Damani : Results were good and they were expecting order from NTPC jas : Ramesh - do you rate Crisil a buy at current levels. The business looks exciting - entry barriers, lots of growth potential. Ramesh S Damani : True but mgmt has not been able to grow the company. CRISIL's problem remains growth anand : What is Goloiam report? As per your advice I have purchased 500@75 . Is my investment right Ramesh S Damani : Yes. It is a good bet. baracuda : Do yu feel e-serve can maintain the 9 cr np in the subsequent quarters and have they completed their capex even after high depreciation and high tax. 4th quarter was excellent. Please analyse Ramesh S Damani : It should increase. They should grow and expand margins rahul : As per the economictimes.com site dt. 1st july 2002, the public shareholding of Hinduja TMT is only 8.55% excluding indian promoters and foreign promoters who do not wish to sell. WHAT IS THE UPSIDE FROM HERE CONSIDERING THEY ARE IN GOOD BUSINESS INCLUDING ITES Ramesh S Damani : At 400 the company had a market cap of 1600 crs plus. This is expensive, they need to consolidate their rise. Cable assets are attractive jas : Ramesh - CDC invested 50 Crores in Glenmark Pharma at a premium to current prices. This shld help them retire debt, add atleast Rs 5 to EPS. Have you taken a look at this scrip? Ramesh S Damani : It looks okay to me. GLenmark is well talked about. I have a small qty ritu : Ramesh, what are the positives in Goldiam scrip? The scrip has hardly moved since u recommended it Ramesh S Damani : Investors need to learn patience. Pls remember that this is not the chat for daily calls. I can tread marker day to day. kishore : What is your call on Telco at current price of Rs 158/- (BUY/SELL)? Ramesh S Damani : Technically it is headed higher. Q1 results will be good. sk : Hi ramesh, good to see u after a choppy week - worldcom, xerox, cabinet reshuffle- how do you see Indian markets taking off from here Ramesh S Damani : It looks in decent shape. Should head higher Ahmedabadguy : Sir at Rs 117, does Ashokleyland script have steam left in short term? Ramesh S Damani : I think so. It should move with Telco paresh : What is your opinion on Munjal Auto, Ballarpur, Macmillan Ramesh S Damani : All look good to me, sk : At what prices one should sell BEML , is the stock getting expensive at 110/- Ramesh S Damani : Yesterday volumes were 43 lakhs in bse, nse. This suggest price rise. ayanshah : Sir today I saw a guy delivering some boxes to next office to mine and Gati was the delivary company..Looks as very much rising business for Gati... Ramesh S Damani : Gati is for patient investors. At market cap of 48 crs it is a good bet sk : Still u will say TVS is a sell call and Kale / IT&T too or these stocks a good bet from current prices. How u missed alsthom power your friend bought in huge quantity last week - LOTBM Ramesh S Damani : I don't know about that but ihave held the shares for a few years. Still do. All the ITES plays are immature companies. Buy some and wait for development subbu : Will Satyam ever touch Rs. 400/- Ramesh S Damani : Counter looks good. Keep an eye on it. rahul : DEAR RD, CAN U RECOMMEND A PORTFOLIO WITH A PROPER MIX? Ramesh S Damani : ITES 40% for the risk takers. Maybe 15% in large cap PSU's like SBI, BHEL etc. Rest stock specific carpethiem : Your friend Rakesh Jhunjun seems to be highly bullish on indian economy. Indicators in the last one year points in that direction. Where do you see our country in the next 2 years, do you also share Rakesh's optimism? Ramesh S Damani : He is. However I am not that bullish. Market is fine. Politicians and bureaucrats are not up to the task pvreddy : What's ur call on Engineers India at this level? Ramesh S Damani : Expensive at current rates. Book profits. I am selling slowly PRASHANT : SIR CAN U PLS TELL ME THE LOOK TERM OUTLOOK FOR ONGC Ramesh S Damani : Expensive at current rates. sk : But Ramesh, NASDAQ is shrinking. Even the market is favouring old economy - in this case do u feel the market will give due respect to these ITES players or still way down - out of the whole lot which u feel is attractively prices. Is TVSE highly priced - a sell call? Ramesh S Damani : These stocks have gone up 4-5 times in 9 months. They are consolidating. Ultimately market will pay for growth.These co's are growing. I have huge conviction in this call. I hope i am vindicated. ritu : Ramesh, Do u remember the numerological prognosis of the football worldcup and its predictions (i sent that to u last week). Brazil's victory vindicated what i said, though u must take solace from the fact that Kahn won the 'best player of the tournament' award (golden ball) defeating Ronaldo! Ramesh S Damani : You were correct. Great call. Thanks for it. yazoo : Hi ramesh long time i had a chat tdy i was free so hope u had a nice vacation Ramesh S Damani : I did. Thanks. vignesh : Shall i switch over from geometric to kvb temprorily? Ramesh S Damani : Not a good idea harip : Ramesh, Can you please comment on Infotech Enterprises at this price? I know u don't own it. Still can you please comment on it? Thanks.. Ramesh S Damani : They are doing well and UT stake in the co gives them credibility. BusinessS : Sir, Tell me about HFCL and E-Serve. The financial results of E-serve was very good ...and what about HFCL..is it a good buy at this rate Ramesh S Damani : I would avoide HFCL. I don't understand their business ormgmt BASANTM : Are we Indians not learning the anderson lessons as far as the rally in the old economy counters under questionable and unknown managements are concerned likes of ESSAR etc Ramesh S Damani : Markets have there own logic. Smart money is made from recognising that ritu : Ramesh, somehow I find Polaris shares very attractive at current rates! what's yr view and why is the scrip not moving according to u? Ramesh S Damani : Scrip has gone up from 50-250. Patience ritu yazoo : What about the markets? We have the uti 64 prob, health of mr ambani, us which acc to jubak has still not seen the lows or the big fall as i call it and the worst thing uncertanity and nervousness, now what is ur most prefered sector?????? Ramesh S Damani : Markets have been resilient. boheii : Could u recomend some scrips in the BPO segment? Is it the industry for the near future? Ramesh S Damani : Yes, it is the industry of the future. I have recommended all the scripts. Look at the transcript sensextwothousandpoints : Hi Ramesh, Nice to see you again. Do you think we are in a Secular Bull Market ? Will the low of 2600 be breached again. Elliot Shows below 2000 as I had earlier indicated. Ramesh S Damani : If it is a secular bull market no. Market should not even get close to that level. VIJAY : SIR, ARE YOU STILL HOLDING APOLLO, MELSTAR, BEML,- ANY THING YOU BOUGHT LAST WEEK??? Ramesh S Damani : I sold Melstar. Poor results. I am holding the rest. sensextwothousandpoints : Ramesh, which sector will make the next big move do you think ? Like we had the PSU rally recently ? Ramesh S Damani : Over the next few years, IT Enabled tigershark : A lot of investors who come here regularly seem to have bought e-serve at 400-600 levels after your advice what do you sugest they do now Ramesh S Damani : Hold it. Co is growing rapidly. ritu : Ramesh, i think the right synonym for shares is 'scrip' and not 'script' as u happen to write so often. I hope u would care and take my suggestion in the right spirit. Ramesh S Damani : Thanks i will try and remember DID : DEAR RD GIVE YOUR COMMENTS ON ATCOM TECHNOLOGIES LTD AT RS 31/- Ramesh S Damani : Not enthusiastic about it sensextwothousandpoints : How many scrips should a good trader or Investor hold at a time ? Max ? How many do you normally hold ? Ramesh S Damani : Good question. A investor, no more than 10 scrips. However it is a hard discipline. Trader can hold any amount as long as he can concentrate on them. N_SURESH1 : SIR, WHAT ABOUT TELCO, CAN I BUY NOW Ramesh S Damani : Technically the scrip is headed higher. Q1 results will be good and show a turnaround. Vishal : What is your call on HCL Technologies in BPO front? 4th time Ramesh S Damani : I know they are entering the segment however I have not seen the plans ykk : SIR QUESTION REPEATED: WHAT DO U THINK OF PUNJAB TRACTORS, HINDLEVER CHEM AND GREAT EASTERN SHIPPING Ramesh S Damani : Punjab tractor is good on disinvestment. GESCO is doing the right things however shipping cycle is done. H. Lever Chem: i dont follow Ahmedabadguy : , Rameshji like Gati or Macdowell any other small caps you find very very attractive in old economy or cyclical stable which can have bigger Market cap than current one? Ramesh S Damani : Keep looking for them. Will inform you of the same when i find them sunita : There is a duplicate Ramesh Damani which is confusing Ramesh S Damani : My name is showing up as Ramesh S Damani RameshDamani : MY FAV SCRIPT IS WRITTEN BY SALIM-JAVED...SHOLAY Ramesh S Damani : Amen! sensextwothousandpoints : Dear Sir, I saw u in Pune and I think you are quite brilliant -- IT Enabled has already run up more than 10 times. Any other Sector looking good ? Ramesh S Damani : Look at breweries/liquor shares. At great values. Large cap PSU shares. sensextwothousandpoints : Dear Ramesh, Why do you think Breweries will do well from now on ? Are there any fundamental reasons ? Ramesh S Damani : Do a market cap valuation.They are too cheap sensextwothousandpoints : Any particular picks ? MC Dowell and UB ? Ramesh S Damani : Mc dowell has better risk reward ratio bkgala : 5TH TIME HUFGHES SOFTWRE SIR Ramesh S Damani : Looks okay at current prices. Telecom is not doing well. Thanks for joining. See you next week.bye | |