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THE CHAT ROOMS
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'Monsoon is not a prerequisite for a bull market''We need divestment to begin a fresh bull run. 14 good monsoons have not made the index rise,' says Ramesh Shrichand Damani. Ahmedabadguy : SO MR. Damani...IS the worst over again or it seems just a pull back rally before market comes back to touch new low level??Ramesh S Damani : Hello everybody. Thanks for joining. Let's start. bikaner : dear Ramesh,I bought Macin @250/- average.What to do with it now. Ramesh S Damani : I would hold it. baracuda : dear rames evening to yu 5.57crs in the 1st qrt plus citi picking up 6%stake in e-serve how do yu like the scrip from here and has there been volume growth and margin expansion in the results hope yu will reply this query Ramesh S Damani : They bought at Rs 600, which is very good. However, there is no sequential growth. It's been a tough quarter. Let's hope they have sequential growth next quarter. Ahmedabadguy : Rameshji today had a chance to have lunch meeting with Samir Arora and he seems to be bullish on Bharti and compares it like hdfc bank three years ago..Also very bullish on BPo specially e-serve Ramesh S Damani : I am watching Bharti. Not bought it yet. I am glad he is still bullish on e-serve. l also still hold it. BASANTMAHESHWARI : Ramesh do you still hold TVS Electronics the management bought shares at around Rs 10o levels and then the stock seems to be sliding down I had sold the shares earlier do I get in now. The Co. has alos merged its subdid with itself. Ramesh S Damani : I still hold some TVS. At these rates, it is looking attractive. anant : Sir,On CNBC's interview with Manu Parpia,he was indicating some sort of slowdown in Auto sector in Europe was still sticking to 10% growth Q to Q. Hence the first Q had capital expenditure will they be able to recoup in coming three quarter? Where is the stock heading from here? It use to be a strong wicket till last week. Is it still a hold or should one accumalate at this level? Pl guide me. I hold a big chunk of this script. Thanks as always. Ramesh S Damani : Geometric is a promising coin- the CAD/CAM IT-enabled area. It looks good to me at these rates. Market worries too much quarter on quarter. On a market cap basis, it is terrific. sameer : since the crisis has been resolved now and all payments made what is the call on the market Ramesh S Damani : We need divestment to begin for a fresh bull run. tigershark : the financial arm of tvs group has picked up tvs electronic stake from another group co at only 22rs where as the market price is 57dont yu feel all of us have been short changedand should we exit to other greener pastures Ramesh S Damani : It's between family companies and don't see the problem. In fact it is good. LIRIL : HELLO SIR.HOW IS GATI LOOKING AT 43.WILL THEY DECLARE RS. 4 DIV. THIS YEAR TOO. CAN I BUY A BIG QUANTITY IN GATI AT THIS PRICE, AS 4 RS. DIV. SHOULD HELP THE STOCK FIND A STRONG SUPPORT AT 40 ODD RS. Ramesh S Damani : No idea on dividend pay out this year. sameer : whatis your opinion on hidujattmt as allaiance has increased its exposure to 18 lac shares Ramesh S Damani : It looks well valued in a trade range from Rs 235-290. I own a small quantity. jas : Ramesh - Marico seems to be finding ways to plough back to shareholders but the market is not taking notice ...why is that ? Ramesh S Damani : Lack of growth maybe. ayanshah : Also Sir MR. Arora is bullish on UB but not on Mcdowell as UB will get restructured and offers good potential after restructing into two compnies..Investment one and beer one with eps of of around 22 rs... Ramesh S Damani : I like both of them. Mcdowell is cheaper and the risk reward favours the investor. baracuda : thanks for answering my query does that mean we should continue to hold e-serve or should we exit at every riseif there is no seq growth Ramesh S Damani : Can't look at it quarter on quarter. However, if growth slows, market won't tolerate a high price earning. Remember market pays for growth. BASANTMAHESHWARI : Infotech are you just mildly bullish on it or are holding a big stake on the M'Cap basis it should also look great except for the q ON q FACTOR Ramesh S Damani : I bought a small quantity on that logic. I think they will do well. jas : i went thru himastsingka balance sheet.. they have Rs55/share in cash alone ...and the scrip quotes at 90 bucks ? if this is not a value buy, what is ? Ramesh S Damani : It is. I bought some. Once they start growing, it will prosper. AnandBhatt : Dear Sir,Can you pleasetell me your FM showchannels,frequency and timingsagain. Ramesh S Damani : Tuesday and Thursday on 107.1 FM at 9.00 AM. bikaner : PANJON???????????????????????????? Ramesh S Damani : Don't follow it. BASANTMAHESHWARI : On CNBC you wre talking of HTMT Equity to be around 45 crores whereas trhe Cap Market magazine indicated around 37 crores????? Ramesh S Damani : It has been diluted recently. bulbul : STILL YOU PREFER E-SERVE OVER GEOMETRIC Ramesh S Damani : Yes. Because of pedigree and management. ritu : Ramesh the results are out like max , tvs . e-serve not upto expectation. however views might differ , we also had a great fall. After all this what do u feel which scripts u would like to buy at these levels and in which scripts we should wait before buying - out of stocks recommended by u Ramesh S Damani : At current levels, all the three look attractive. However, the market is extremely sluggish. I own all the three. bulbul : do you see INFOTECH price jumping up as bonus record date ( 23rd august ) approaches near Ramesh S Damani : I have no idea. However, it seems to have made some bottom for now. ayanshah : Till now I haven't baught TVSE..You think now is good time to buy the stock ??? Ramesh S Damani : Sure. BASANTMAHESHWARI : Have you read ONE UP ON WALL STREET. Peter Lynch talks about cable assets to be worth US $ 2200 per connection. If the same logic is applied to HTMT on their 43 lac acble connections the valuation could be mind boggling and calculator confusing(hoping that cas is admitted). Please comment on this? Ramesh S Damani : That is a bit of wishful thinking. bulbul : all of sudden , you dont seem very confident with E-SERVE , WHY ? Ramesh S Damani : It has moved up from Rs 150 to 500. It needs to pause. The external opportunity is great. However, the price has run up too. Shoba : What is your opinion on this market ? Is it an investor's market or traders? Ramesh S Damani : I take an investor's view. I have limited trading skills. anant : Sir, Now about E-Sreve.. Looking @ its growth perspctive & your purchase @ Rs 140-160(Price at which you started recommending) Have you partial profits in it? Ramesh S Damani : No. I am a believer in ITES. I am going to run with it I think. However, growth should come next quarter. That is important. ritu : ramesh my portfolio consisted only your stocks however recent fall took me in surprise - however pl. recommend out of follwoing which one recommend for buying - which one u feel we should wait - BEML/BEL/Gati/Max/Macmilan/TVSE/Mc. Dowell/IT&T/Kale/Apollo/E-serve/Goldian Ramesh S Damani : I continue to own and like all these stocks. However they are different stocks. E-serve is growth, BEML and BEL are divestment plays. Mcdowell is value. They have different logic and time frame. klik : dear rd, is the monsoon a prerequisite for a bull market.. Ramesh S Damani : Not really. 14 good monsoons have not made the index rise. nikhil : what should be the cash % position in market to buy on decline Ramesh S Damani : About 20% at least. AnandBhatt : Thanks a lot.Sir you saidthat Infotech Enterprises counterlooked weak last week at 275 and towait a little before entering.Itszoomed up after that because of adeal with a dutch company.Shouls Ibuy at 350 levela or will shouls I waitfor 270 again.Pls advise. Ramesh S Damani : I can't answer that questions. Market moves in a mysterious ways. tigershark : this question may sound stupid but can find out whether growth in e-serve will come next qrt yu def can find out more than we mortals sitting here Ramesh S Damani : I don't like too and management will not answer such questions. However, they may give a guidance in the AGM. DEEP : YOU MEAN YOU HAVE NOT BOOKES PARTIAL PROFITS IN SHARES LIKE MACMILLAN , GEOMETRIC , MAX AND E-SERVE , IT&T . Ramesh S Damani : No. I have added to Geometric, McMillan. DEEP : SIR PLEASE ADVISE ON IT&T . EVERYBODY WANT TO HEAR FROM YOU Ramesh S Damani : It's an immature stock with good prospects. In the current year, they will have a loss. Next year, if the ITES boom comes, they should benifit. anant : Sir, Once you have consciously made a decission for a script like say Macmillan or Geometric.do you follow stop loss on them? Ramesh S Damani : No. They are not trading, but fundamental investment calls. I hope i can keep them for years. I empahasise hope. Ahmedabadguy : Sir Any Gati Addede/sold by you??When is their result date?? Ramesh S Damani : Don't know the date. ayanshah : Sir around what prise Macmilan got Ex- Bonus and what was the bonus ratio?? Ramesh S Damani : The ratio was 1:1. Those shares are coming to the market. DEEP : OK - GIVEN THE PRESENT SCENARIOA WHEN ALL STOCKS ARE DOWN , WHICH ONE WE SHOULD BUY Ramesh S Damani : Something like McDowell, Tata Honeywell, Geometric, McMillan. I own all of them. klik : dear rd, to a virgin investor what ites /bpo stock would u recommend for the med to long term ...thanks Ramesh S Damani : E-serve, McMillan and Geometric. baracuda : what makes yu so bullish on macmillan for the last 3qrt there has been slugish growth and stock has fallen almost 50% your reasoning to buy the stock at these prices Ramesh S Damani : It is a good ITES play. Publishing is a cash cow. I think the market is underpricing it. The ITES growth should take care of the fall in price, I hope. Remember the market had valued Himachal at Rs 2500. Today it is Rs 50. It makes mistakes. BASANTMAHESHWARI : WHat is the enabling buyback resolution on Eserve (quantity/price)??? Ramesh S Damani : About 10 lakh shares at market price. guptaone : rameshji! have u heard any buyback proposal in MCDOWELL at 70/-? when is the book closure date? Ramesh S Damani : No such proposal. AnandBhatt : SIR,YOU HAD SAID THAT YOU WILL RECOMMEND A BUY ON ESERVE DEPENDING ON THE RESULTS.SO IS IT OK TO BUT AT THESE LEVELS Ramesh S Damani : I recommend a hold. We need to see next quarter prospects. Sorry. DEEP : MASTEK has of late become the 2nd runf software darling , any change in your views . And AFTEK at this rate Ramesh S Damani : I am not bullish on either. nikhil : what are your views on construction company like HINDUSTAN CONSTRUCTION???????????? Ramesh S Damani : They are doing well. Anand : , Sir,Can we expect market has discounted the monsoon factor or overreacted on it.Are you expecting a bounce in short time if yes which stock we go for....... Ramesh S Damani : Market is oversold. DEEP : SIR , PLEASE FINALLY YOU TELL ONE SHARE TO INVEST NOW Ramesh S Damani : I have not bought anything new. Sorry. Thanks for joining. See you next week. Bye. | |