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'The market is making the bears fight'

Ramesh S Damani is surprised by the strength of the market and feels that the Sensex may cross 5200 points if Infosys reports a net profit of Rs 1.3 billion for the first quarter.

Mr Ramesh Damani (Wed Jul 5 19100 5:54 IST)
Hello everyone. Thanks for joining in. Let's start.

eightyone (Wed Jul 5 19100 5:42 IST)
IMPORTANT IMPORTANT IMPORTANT ... Ramesh This Is Very Important .... How many times in a year can A company declare ND (No delivery) and how much time notice does it have to give the exchange ? One Of the scrips I was holding was put into ND 3 times In 9 months And ALL 3 times they say You have to Transfer ?? How Many times CAN A COMPANY DO A BOOK CLOSURE OR IS BSE BLIND?

Mr Ramesh Damani (Wed Jul 5 19100 5:55 IST)
81 - I think it is a 41 day requirement. Best thing is to avoid these companies. Remember caveat emptor or let the buyer beware

bullish (Wed Jul 5 19100 5:52 IST)
do you expect the Sensex to cross 5200 next week?

Mr Ramesh Damani (Wed Jul 5 19100 5:56 IST)
Bullish - Senesex may cross 5200 provided INFY reports over 130 cr NP

mahesh (Wed Jul 5 19100 5:55 IST)
hello ramesh damani, Mahesh here. how are you?

mahesh (Wed Jul 5 19100 5:56 IST)
no fine this time right

Mr Ramesh Damani (Wed Jul 5 19100 5:57 IST)
mahesh - right - but pay up for not signing up last time. (Ha, Ha!)

DEEPA (Wed Jul 5 19100 5:55 IST)
what do u think of bel and digital equipment at current levels

Mr Ramesh Damani (Wed Jul 5 19100 5:57 IST)
Deepa - I like BEL but no fancy to PSU stocks. Digital I am lukewarm

mahesh (Wed Jul 5 19100 5:58 IST)
well you did say that today the market might turn slightly bearish

Mr Ramesh Damani (Wed Jul 5 19100 5:59 IST)
mahesh - though I am also surprised by its strength. INFY may spurt before Q1 results

DEEPA (Wed Jul 5 19100 5:58 IST)
r u saying keep out of psu stocks

Mr Ramesh Damani (Wed Jul 5 19100 5:59 IST)
Deepa - Unfortunately govt seems to be wanting to destroy these companies.

DEEPA (Wed Jul 5 19100 5:59 IST)
govt is now considering to pvt mtnl and vsnl..what is ur opinion

Mr Ramesh Damani (Wed Jul 5 19100 6:1 IST)
Deepa - tell me when? Next decade??

DEEPA (Wed Jul 5 19100 6:0 IST)
any suggestions on which stocks to buy right now

Mr Ramesh Damani (Wed Jul 5 19100 6:1 IST)
Deepa - Visual, Infy, Birla 3M, HDFC Bank are some ideas

mahesh (Wed Jul 5 19100 5:59 IST)
you mean infy might do almost 50% of what it did in the entire last year in the first quarter itself

Mr Ramesh Damani (Wed Jul 5 19100 6:2 IST)
Mahesh - serious analysts have told me 135 cr. I am expecting 110-115.

DEEPA (Wed Jul 5 19100 6:1 IST)
what do u mean mr damani...pls explain..i have not followed

Mr Ramesh Damani (Wed Jul 5 19100 6:2 IST)
deepa - Govt is not serious about privatisation. It's not going to happen soon.

nikhil (Wed Jul 5 19100 6:2 IST)
hello mr. damani ... don't you think it is preferable that companies should show consolidated results? Is this going to be made compulsory now?

Mr Ramesh Damani (Wed Jul 5 19100 6:3 IST)
Nikhil - good idea. I think it is to be comp soon.

nikhil (Wed Jul 5 19100 6:4 IST)
will that affect satyam's valuation in anyway ... considering sify's losses?

Mr Ramesh Damani (Wed Jul 5 19100 6:6 IST)
nikhil - in sify's case it would drag results. In cases like Tata Tea it would boost results. Maybe they can show it separately and consolidate it. Also show division wise earnings

mahesh (Wed Jul 5 19100 6:6 IST)
do you think the market retracting its gains in the coming days

Mr Ramesh Damani (Wed Jul 5 19100 6:6 IST)
mahesh - possibly but market is making the bears fight.

nikhil (Wed Jul 5 19100 6:6 IST)
also ... what do u have to say about satyam paying 500 & 670 cr for two portals and the equity dilution it goes thru time and again?

Mr Ramesh Damani (Wed Jul 5 19100 6:7 IST)
nikhil - it's going to hurt Satyam especially since dot.com values are down. Satyan accquires too much, INFY does not. Ironical huh?

anurag (Wed Jul 5 19100 6:6 IST)
what do you think of global. it has fallen quite a lot today. is it worth buying if it falls further?

Mr Ramesh Damani (Wed Jul 5 19100 6:8 IST)
anurag - they have issued revenue warnings. I see better value elsewhere

bullish (Wed Jul 5 19100 6:5 IST)
why are you skeptical of infy net. it always surprises, doesn't it? one major investor tells me 150 cr!

Mr Ramesh Damani (Wed Jul 5 19100 6:9 IST)
bullish - It has beaten expectations for 28 qtrs. However the size and expectations have grown outsize. It's harder and harder to match them

DEEPA (Wed Jul 5 19100 6:9 IST)
there is a lot of transaction activity in mtnl and bhel...what do u feel

Mr Ramesh Damani (Wed Jul 5 19100 6:10 IST)
deepa - BHEL is looking good technically. MTNL has had volumes but no appreciation

nikhil (Wed Jul 5 19100 6:9 IST)
yes ... infy appears to spend investor's money judiciously ...satyam seems to be using it as if its free

Mr Ramesh Damani (Wed Jul 5 19100 6:11 IST)
nikhil - Mr Buffett has always said look at pedigree and weigh your stocks. Don't go for the popular stocks

anurag (Wed Jul 5 19100 6:10 IST)
what would you recommend in telecom/ telecom s/w?

Mr Ramesh Damani (Wed Jul 5 19100 6:12 IST)
anurag - telecom and tel s/f is an explosive sector. However I am not recommending HFCL or Global Tele. Lets wait

nikhil (Wed Jul 5 19100 6:13 IST)
mr damani ... what do u feel about pentamedia's business ... does animation have a good future? also the num tv concept - video thru web - how successful can it be?

Mr Ramesh Damani (Wed Jul 5 19100 6:15 IST)
nikhil - video through web is a great idea. Great. Pentamedia suffers from mgmt strength areas. Check out IcraveTV.com and RecordTV.com. Once broadband is available this is going to be big.

DEEPA (Wed Jul 5 19100 6:15 IST)
i have bought gail at 200 + levels and also amara batteries at this level. pl advice

Mr Ramesh Damani (Wed Jul 5 19100 6:15 IST)
Deepa - hard to get excited about either in this market

vidya (Wed Jul 5 19100 6:14 IST)
Mr Damani u haven't answered my question! u were slightly bearish last week. do you feel like that even now?

Mr Ramesh Damani (Wed Jul 5 19100 6:16 IST)
vidya - sorry for the delay. I am feeling a bit better about the market. Hoping NASDAQ holds though.

reethesh (Wed Jul 5 19100 6:15 IST)
mr. damani would you encourage investors to go for secondary or primary market?

Mr Ramesh Damani (Wed Jul 5 19100 6:17 IST)
reethesh - both are fine. Check out PNB Gilts in the primary market. Good issue I think

Manishagarwal (Wed Jul 5 19100 6:15 IST)
Ramesh A new Brokerage Firm in town Has Started Charging 0.15% for Delivery and just 0.02% for satta isn't that Great !!

Mr Ramesh Damani (Wed Jul 5 19100 6:18 IST)
manish - no telling how low rates can go. Mergers will have to start happening

Manishagarwal (Wed Jul 5 19100 6:16 IST)
Ramesh On tastybite , now that the bse has Imposed 25% margin how Do you feel

Mr Ramesh Damani (Wed Jul 5 19100 6:18 IST)
Manish - tasty bite is a good co. It is for patient investors though.

DEEPA (Wed Jul 5 19100 6:18 IST)
is your site ready

Mr Ramesh Damani (Wed Jul 5 19100 6:19 IST)
Deepa - No. Not yet. Sorry for the delay

DEEPA (Wed Jul 5 19100 6:19 IST)
what is your opinion on refinery sector

Mr Ramesh Damani (Wed Jul 5 19100 6:20 IST)
deepa - I am not bullish on refinery stocks

nikhil (Wed Jul 5 19100 6:20 IST)
mr damani, do u follow technical charts or do u look at only fundamentals?

Mr Ramesh Damani (Wed Jul 5 19100 6:21 IST)
nikhil - I tend to look at charts but investment are made in the realm of fundamental analysis. I like to get excited about a sector

DEEPA (Wed Jul 5 19100 6:21 IST)
what do u feel about rashtriya chemicals at this present levels

Mr Ramesh Damani (Wed Jul 5 19100 6:21 IST)
Deepa - no opinion on RCF. Nothing exciting

Manishagarwal (Wed Jul 5 19100 6:21 IST)
let me know what you think of infy Results , I'll tell you a 175% increase In NP in there

Mr Ramesh Damani (Wed Jul 5 19100 6:22 IST)
manish - you are getting too excited. I doubt any co can produce that result after last Q.

rohit (Wed Jul 5 19100 6:23 IST)
hi mr damani what do u think of zee and tv 18?

Mr Ramesh Damani (Wed Jul 5 19100 6:25 IST)
Rohit- Zee is technically weak. TV 18 needs to consolidate. I am beginning to like the entertainment sector a lot though. Trying to find good scrips is hard though

DEEPA (Wed Jul 5 19100 6:22 IST)
mr damani...can u not incr the time to 1 hour maybe

Mr Ramesh Damani (Wed Jul 5 19100 6:25 IST)
Deepa - If the number of chatters increase, sure. Right now 30 mins seems adequate

Mr Ramesh Damani (Wed Jul 5 19100 6:27 IST)
Thanks for joining in. Have a prosperous day ahead. Thanks.

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