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THE CHAT ROOMS
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'We need fresh new buyers''IOC and GAIL bidding for HPCL and BPCL is a dampener. IT-enabled stocks is the one exciting story,' says Ramesh Shrichand Damani.
HA : Good Evening Mr Ramesh. Sorry, I have to key-in the conversation a little earlier. It looks that the charts of sensex and nifty are forming a falling wedge during this correction after the budget.This is bullish.This is also reflected in scrips like ACC, MTNL, etc. Samrat : Hello Sir, I am looking for some short term investment opportunities. Will you recommend IT-Enabled industry for that. Otherwise, can you suggest me some good stock for trading purpose. Ramesh S. Damani : Lets wait for infy results.THey will make a bpo announcement tomorrow. anaam : once you had mentioned about Melstar & Subex. is it worth looking into @ this level. how do evaluate Aztech results which were announced today? Ramesh S. Damani : I have not seen them in detail.I understand they have had a poor quarter baracuda : baracuda says apollo hosp is in hipaa hippa hooray gartner says hipaa is a 40-60billion oppurtunity but the entry levels are very stringent is apollo looking good at 155 Ramesh S. Damani : Hello everybody thanks for joining. Lets start. I just visited Apollo. THey are doing well. BPO/Hippa practiceis small but growing Samrat : Is Max-India a good investment at the current level Ramesh S. Damani : yes. i still own it Lohit : Rameshbhai , Please congratulate on our behalf RAKESH Jhunjhunuwala for yesterdays CNBC appearence please . What a terrific performance it was !! . Ramesh S. Damani : he is the LOTBM. (leader of thebull market) Priyaraman : Mr.Rameshji, what the outcome of your research on Infotech enterprise Ramesh S. Damani : company is doing well.However it is a bit expensive Lohit : Rameshbhai , WHEN on earth will GTL which is one of the most important and big BPO players get its well deserved valuation . Also there is a rumour they will do a buy back . Ramesh S. Damani : mgmt does not enjoy confidence due to past problems. dream : good afternoon sir do u think it is ok to buy gati at 68 and macmillian india at 310 Ramesh S. Damani : Both look good at current rates. I own both tigershark : dear rd please spare a sec for geometric for mar 2003 i feel it will post a net of 20crs that translates into a eps of 36 and a pe of 12.4 looks cheap or have i overestimated the net Ramesh S. Damani : that may be on the lower side. It looks good. malibudude : Ramesh,i am big fan of you.sir,what's the possible price IPCL can fetch. Should i sell at 125 levels? Ramesh S. Damani : thanks. Hard to say. COuld get that high ayan : Rameshji, A friend of mine who is in Courier Business says very high of Gati Corp and Its position in Surface transport..The stock is in corrective mode but volumes are very less...Also any other such non IT Stock you find very attractive?? Ramesh S. Damani : it is a cheap stock. I would hold on to Gati. TRy mcdowell. i recently added some dream : wht about geometric. does it look good at current market price Ramesh S. Damani : it looks good for investment, For trading I would sell into a rally. vijay : sir can i buy tata infotech now??? Ramesh S. Damani : i booked some profits in it maheshpurohit : Hello Rameshji. Your TVS Electronics a big winner. what is the idea behind it Ramesh S. Damani : do you own any?????? methodical : some companies announced that they will not publish their un-audited results since they will publish audited results before June 30. What does it mean? Is there any exemption under SEBI rules Ramesh S. Damani : 3 months for yearly audited results BASANT : BEML market cap 200 crs, b.v 160+ i bought a small lot recently your view. does it look to be a multi bagger Ramesh S. Damani : if it is disinvested ayan : Rameshji Do you think possible weekness created by Infosys Guidence tommorow will bring IT enabled stocks also in to the some corrective phase or you don't see much of slide in any of IT stocks now?? Ramesh S. Damani : it should put them in the limelight because of INFY announcement anaam : i dont understand why govt is allowing IOC & GAIL to bid for HP, BP & EIL ? can it be prevented? if they are allowed to bid & if they succeed what will be the scenario? Ramesh S. Damani : i agree . we need fresh new buyers. that is a dampner arahaman : Rameh what happen to you? Again Macdowell? Ramesh S. Damani : i guess i like beer too much.the price is too attrative.Its practically free. baracuda : tata cofee holds a 34% stake in barista barista now is doing well are we seeing another starbucks here and will tata cofee benefit cofee prices have hit rock bottom and vietnam has given india a beating your thougts on tata cofee. try the capuchino at baristas Ramesh S. Damani : i bought some on the same logic. maheshpurohit : yes sir !!!! u told us that u liked it .... Ramesh S. Damani : i still do !!! counter looks good. Lohit : Rameshbhai , DSP and MACKERITCH people are rumoured to be trying to broker a sale of DSQ Soft . If it comes through --- will the counter zoom ????? . Ramesh S. Damani : i doubt it. Mgmt has never delivered maheshpurohit : Ramesh ji hear that idbi is no longer looking to merge idbi bank, what do u think of idbi bank now Ramesh S. Damani : it would become attractive smart-investor : Sir, recently there were some media reports that Citi Group is planning to hike their stake in E-serve through creeping acquisition. They are planning to buy around 12.5 lakh shares from the market. Don't u think that if they do so, E-serve will even double from the current rates? Ramesh S. Damani : co will double if it is doing well. Kerry packer bought hfcl. It didnt help. E-serve is on a growth trajectory and doing well. Buy it for that reason. Thats why i have it. sharad : thanks to Reddif people for their service.thanks to Rameshbhai who shares his market insight and THANKS to prajapati saheb who told me about this chat.Now my q, is IF I HAVE 2 LAKH RS. TO INVEST FOR A TIME HORIZON OF 12 TO18 MONTHS WHAT SHOULD I BUY? Ramesh S. Damani : i would consider Mcmillan. i own it Lohit : Rameshbhai , VIDEOCON is sitting on 1500 crores and will bid very aggresively for SCI . Doesnt this make both counters huge buys , particularly VIDEOCON INTL . Ramesh S. Damani : from where did they get 1500 crs Lohit : Rameshbhai , have you heard of VINTRON . The company is rather simillar to TVS Electronics . They re also getting into harware contract manufacturing . Ramesh S. Damani : no i have not. Mgmt is better at TVS though Sheela : Please suggest any pure itenabled plays which are not too expensive today! Thanks Ramesh S. Damani : nothing availabe cheap at the current time Lohit : Rameshbhai , what are you saying . VENUGOPAL DHOOT is coming on TV and claming this 1500 figure . I also checked the Balance Sheet . They are also selling some developed properties that are nearing completion . Ramesh S. Damani : i doubt the figure. Sheela : Is TVS Electronics getting into some new interesting areas after the Vodafine tie up?? Ramesh S. Damani : not vodafone-but verifone mohan123 : Hai! Rameshji.What about your views on Mumbai based Amex info. is also working in IT-Enabled area and tieup with world famous biometric solutions "SECUGEN Technologies" Ramesh S. Damani : have not heard about it sportsfan : tks for your great advice. good show on the fm this morn. do you feel now that you also have a responsibility to help implement some of things you discussed on air? i hope people like you and Mr. Sampat do. What do you think abt ITI? they have a jv with tellabs for optical comm gear which has good margins. Ramesh S. Damani : thanks. its hard to influence govt.Y ou cant fight city hall.!! no opinion on iti smart-investor : Ramesh Bhai, How do u find Escorts at current prices? I have heard that the company is in final stage of negotiations to sell its Escotel's stake. also the company is into health care. Ramesh S. Damani : it looks like a good trading bet. Sheela : ONGC has run up a lot. Can it sustain this because of its good fundamentals and any other positives that u may know? Ramesh S. Damani : i would book profits in it aks : sir , upto what level to hold EIL as trading call Ramesh S. Damani : it is getting expensive yadavap : rameshbhai I have asked about CONCOR thrice or u dont like me asking Ramesh S. Damani : i like concor and would hold it Anand : Sir i have just read a column on HIPPA in Business line that business from this is going to be more than twice of Y2k for India software cos. ...... What is your view on that? Ramesh S. Damani : it is. However it is slow in coming. smart-investor : Sir, can u recommend any good buys in the current market in PSUs sector? Ramesh S. Damani : bel and beml. own both of themn BASANT MAHESHWARI : Do you suggest Geometric for trading purposes Ramesh S. Damani : sure. Holwever it has had a great run up. I would wait sharad : SIR, PLEASE GIVE NAMES OF WEBSITES WICH GIVE GOOD INFORMATION ABOUT INVESTMENT. Ramesh S. Damani : for india try myiris.com smart-investor : Ramesh Bhai, pls. let me know yr opinion abt Compudyne. I had bought it on yr recommendations around 66. Any idea what happened in the EGM dated 6th? There were apparently no media reports? Ramesh S. Damani : I bought and sold some, No news on the agm BASANT MAHESHWARI : HTMT Alliance was a big buyer again in March. The Co. seems to be facing a resistance at Rs 270 Should I hold on for the long term Bought at Rs 80 Ramesh S. Damani : they will do well in the currentyear. Sheela : Ramesh, I hold some ITC - can we expect some value buying to come in now that it has dipped so much? Ramesh S. Damani : i think so. ITC is a good stock Anand : Sir,did you see BEL touching 500+ figure on divestment talk.....?What u expect bid for BEL at present if it is divested ? Ramesh S. Damani : if divested-could be 500+. However it wont happen for 2-3 years mohan123 : What about your views on IT&T(noida based)I have heared 5000 seats call centre in coming 3 years Ramesh S. Damani : i am not sure of the size but they are moving in that area. I have bought a small position in it sharad : SIR,MY FRIEND NARESHBHAI DARABAR HAS MADE SOME MONEY FROM YOUR TOP PICKS.HE WANTS TO THANK YOU[BE HEART] Ramesh S. Damani : you are welcome. THanks bps : WHICH COMPANIES ARE IN HIPAA LAST TIME YOU TOLD THAT YOUARE MAKNG ALIST Ramesh S. Damani : Apollo, and Ramco. SOnata also,However business is still slow smart-investor : Sir, can u request rediff people from our side to put the transcript of this chat on asap basis? I'm sorry to say that sometimes it takes two to three days to put the transcripts on the site.Thanks! Ramesh S. Damani : Sure I will tell them Pats : Hi Ramesh, I have taken 100 Nalco shares yesterday at Rs 100 per share thinking it will rise further. But today it fell down by 1.5% to 95 . Did i do a mistake or will Nalco go up as expected? Please reply Ramesh S. Damani : it will go up. DOnt look at day to day movements, jawahar : this is the third time I am asking this question. Please oblige. Sir what is your opinion of the capital goods sector? Stocks like Ingersoll, Revathi Cp and Hind. Cons have been soaring! Ramesh S. Damani : i am generally not tracking this sector. However I think they are fine co's. prabhakar : Sir,what about CMC,Is it safe to invest at this level,where will this stock go in 3 months Ramesh S. Damani : it looks okay to me abcde : SIR CAN I BUY GATI AT 70 ? CAN I EXPECT DECENT RETURNS ? Ramesh S. Damani : buy it as an investment mohan123 : at current level IT&T is good bet.If really you bought IT&T the scrip is good bet Ramesh S. Damani : mgmt is unknown. However i understandthey are building a good call centrebusiness smart-investor : Ramesh Bhai, what is opinion abt Sonata? The management has said the it is already past it's worst and now recovering slowly. Is it a good buy at current prices? Ramesh S. Damani : i am going to take a look at it.not sure Sheela : Ramesh, any trading ideas at all-anything new we can look at this month?? Ramesh S. Damani : tvs looks good. abb looks good.I own both LohitGanguly : Also Rameshbhai they edit a lot of your transcript out apart from delaying it . Ramesh S. Damani : i will take that up. Thanks for the input LohitGanguly : Rameshbhai , PLEASE tell us , who is the short seller on CMC that capitalmarket.com is reprting to have got trapped yesterday . Ramesh S. Damani : no idea smart-investor : By TVS, what do u mean? TVS Motors or TVS Electronics? Ramesh S. Damani : Electronics cho : , Can we buy GSFC at current rate Ramesh S. Damani : no opinion on it rockrab : sir what do u feal about Maharastra scooters, is it up for disinvestment? Ramesh S. Damani : i think so mohan123 : Why all the analysts are talking about IT-Enabled stocks? This is away to next boom in stock market? Ramesh S. Damani : i think so. it is an exciting story Sheela : Will Max (I) derive substantial revenues next year from BPO?? If orders come in from NY Life, it will get a rerating?? Ramesh S. Damani : i think so. Mgmt is good.Thanks all for joining, See you next week. Bye | |