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THE CHAT ROOMS
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'Infy blundered by not bidding for CMC''They gave TCS a great company on a platter. However, if divestment continues like this, it will be a big help to the markets', says Ramesh Shrichand Damani.
bebo : wat do u think of moser baer's results? is the stock worth buyng now? prita : how will infosys results affect the market? Ramesh S Damani : I think INFY blundered by not bidding for CMC. They gave TCS a great company on a platter. deep : how will the market be affected in the light of the US attacks..you were always worried of laden's reaction. what will happen now? Ramesh S Damani : It still worries me. If Laden is captured: "Dead or alive", the market would have a great rally. If another terrorist attack takes place, it would be bad news. bebo : buying equities rite now doesn't seem to be a good idea. do u have suggestions for alternative investmeent avenues? Ramesh S Damani : Take a look at bullion. Gold and Silver. nitin : how long do u thnk tat the US bombings against afghanistan last. will tht have a continued impact on the market? Ramesh S Damani : What the market cannot quantify and hence discount is the probabality of another terrorist attack. That is the wild card. kelly : will the declaration of results by the infotech companies create some +ve excitement in the mrkt? Ramesh S Damani : Market is not in a celebration mood. Let's hope after results they don't fall. kelly : how will the US attacks affect exports? Ramesh S Damani : Yes it has. We are heading into a recession. Software, textiles will be affected. ad : which is the most active counter int the market now? Ramesh S Damani : It seems like HCL Tech is one. Dr Reddy attracts good attention. jaswant : dear sir, you told us that you have invested in Indian Hotels @ Rs 215 & you are still holding the same when it is 120. You don't follow stop-loss ? Is stop loss only for traders? Ramesh S Damani : I am still holding it. It was an investment decision. WTC attacks devastated the tourism industry. I added some at Rs 125 region. At Rs 125, market cap of Indian Hotels is about Rs 500 crores or $100million. That is a value buy. pinky : i want to start investing in stocks. how do i start? Ramesh S Damani : Pinky ask some friends for a recommendation or go to ICICIdirect.com. Look for a good idea for your first investment kartik : is cement a good sector to invest now? if war happens then cement wld be required no? Ramesh S Damani : Cement is required even if infrastructure picks up. It is a competitive industry though. More money would be made on takeovers in cement than in profits though. rita : wat do u thnk of pharma stocks? any recommendations ther? Ramesh S Damani : I tend to not follow pharma stocks. Hence no great wisdom. investor : sir, did you get a chance to see Samual Huntington's thesis on coming crisis? if yes. your views please Ramesh S Damani : No I did not yet. What are his arguments? rita : u have said tat breweries is a good idea. do u still thnk so? Ramesh S Damani : Yup. I just bought some Mc Dowell today. It is around RS 31.50. Good bet. snd : Won't the current situation help Defence suppliers like Bharat Electronics ? Ramesh S Damani : It will. They remain upbeat about FY 2002 prospects. Could do a EPS of Rs 25. So it is cheap. gina : sir i would like to ask you that how long is this downfall in the market is goin to continue Ramesh S Damani : It is hard to predict that. All we can tell is the market remains weak and in a sense of drift. yudi : no one is talking of oil sector these days. y is tat? do u thnk investing in oil stocks is a good idea now? Ramesh S Damani : Not many pure bets. I would avoid the PSU stocks. HOEC is a small cap. yudi : shld we buy cmc now tat it is goin to be merged with tata? Ramesh S Damani : I think it could be delisted so no great idea to buy. boheii : Is Tata Power a good buy now Ramesh S Damani : I own some and it is a good defensive investment, lajju : icici & sbi which one will be better value buy Ramesh S Damani : Among the two, SBI. lyla : how are ADRs of indian companies doing? Ramesh S Damani : As Siddhu might say crashing like a cheap cycle stand in Chennai. praveen : sir what about gtb,i have some should i sell it or hold. Ramesh S Damani : I would sell it. lyla : u thnk the prob will enron will be ever resolved? Ramesh S Damani : Yes it will or say Ta-Ta to FDI. Govt (read Taxpayers) will pay the bill. tara : Are Infosys, HLL a good buy now Ramesh S Damani : Not at the current time. Price moment in INFY is bad. nameless : Dear Rameshbhai, is Zee a good buy at its present pice of Rs 74? How bullish are you about other media scrips? Ramesh S Damani : Since WTC business, ad business has gone for a toss. If he sells management control, the script could be a winner. lajju : is blue star a good buy Ramesh S Damani : I have not looked at it recently. Any new news ? pal : Is Tata Finance a good buy. It seems low priced despite the problems it has faced recently. Ramesh S Damani : Why should Tata be in Finance? They can't manage car, steel, how can thney manage finance? rahulsaxena : do u think market will recover Ramesh S Damani : Ultimately it always does. devyesh : shares of IBP are marching forard in last few days.R they a good buy keeping an eye on the divestment scenario ? Ramesh S Damani : Around Rs 300-325 it seems a good bet. However the disinvestment must attract Foreign Investment. nameless : Rameshbhai, do you think the disinvestment in CMC, HTL and Maruti will help lift the markets? Ramesh S Damani : If the disinvestment process continues it will be a big help. brokerfriend : bcoz of the depression in teh market how badly have brokers been affected? have u exprienced big losses personally? Ramesh S Damani : We all are facing tough times. I try to limit losses. Kalyanaraman : "IDBI saddled with towering NPAs : Vora "...is our deposits with PSU banks safe ? is it advisable to switch over to foriegn banks ? or such a pessimistic view about PSU banks is unwarranted ? Ramesh S Damani : I retain a pessimistic view. GOI finances are in disorder, so it follows bank finances will also be. abhay : dear rameshji,what is your opinion about PSU like B.E.L. & BH.EARTH.MOOVERS Ramesh S Damani : I like both of them. Own them too. devyesh : rameshbhai, i strongly disagree with ur view on tata ! Ramesh S Damani : I respect that. But what is incorrect in my opinion. ash : Sir, what about tisco at present level Ramesh S Damani : Avoid it, Steel prices are collapsing world wide. NARAYAN : FOR AN NRI IS IT THE BEST TIME TO INVEST IN FCNRS OR OTHER INSTRUMNETS LIKE NR NR Ramesh S Damani : Beware of the rupee depreciating though. pal : Do you seriously feel that Pentamedia is not even worth Rs 20. I agree management is not very good transparent but it has been rated as the best animation Co in the world Ramesh S Damani : By themselves. I would still avoid it. AnilRaoTV : Dear Sir,Even though cement price is high still industry is suffering because of low consumption,how do you rate cement industry's growth in the comming six months or so. Ramesh S Damani : It will be slow according to GACL. It will take a year for supply overhand to be removed. kitty : are u happy now tat the CMC divestment has happenend successfully? do u thnk india's divestment is on track? Ramesh S Damani : I am happy. However large challenges remain. You have to attract a foreign bidder. amrut : i have recently bought colour-chem,BASF,Sygenta,ciba speciality,abb, are they still worth holding? Ramesh S Damani : I like and own ABB. BASF and Sygenta are good bets too. abhay : are you still bullish in P.S.U.for long term . Ramesh S Damani : If the disinvestment process keeps on. adinath : How is NIIT doing?? Ramesh S Damani : It will be a bad year. However its market cap is less then Rs 400 crs. Most of the bad news may be factored in. Big_investor : Ramesh Bhai, It slowdown, Rupee devaluation, Global Economic Slowdown, American attack and retalliation...... like this there are many factors which are influencing present market. Now how safe is it to take the risk of investing in secondary market? Ramesh S Damani : It is risky. However buy companies that will emerge stronger from this environment or are absolute values. raj : if it is between the two vsnl and L&T which would you suggest? Ramesh S Damani : I own both, but would prefer L&T devyesh : Tatas have been managing Tisco very well. They are the lowest cost producer of steel in the world. I weigh the downturn in the steel industry worldwide, but once the economy jerks up, the TISCO would go places. Same about Telco, except Maruti all the teh autos are doing bad. Whereas, look at the TELCO.Profits are definately bad, but, who is surviving in the auto carnage in india ?I would say that their Steel & Auto are part of the sectors that are in the recessionary phase & would recover as soon as the economy revives fundamentally. Ramesh S Damani : Why did Tata blow Rs 4000 crores on Indica? They had no business in there. Steel is a commodity business. What is management doing for shareholders? In the midst of the Infotech boom, Tata Infotech loses money. In the middle of stock market boom Tata Finance has a Rs 400cr scam. You tell me my friend? market : how has the derivatives market developed in India in your opinion? Ramesh S Damani : Quite well. Wait for stock futures. It will be big. dattu : Once there was a theory that out of one's earnings one should donate 10% rest he should invest in business, bullion, property & some in cash. You beleive in it & if yes pl specify percenteges Ramesh S Damani : You should do charity at the end of your career, not in the middle. Make the pot grow. parag : what do ya think about ADANI EXPORTS at this level Ramesh S Damani : Avoid it. mansih : dear sir,can u tell me something about zee,escort,as if i am having share of said company,should i hold or sell it of? Ramesh Damani : i would hold both. atyagi : How will Rama vision fare in the next ten years. Ramesh Damani : Don't follow this stock. Sorry. ap : r u a bull or a bear Ramesh Damani : I try to be a realist and make money. market : you earlier said markets would rally to 3500-3600 levels post July, now when do you think they will reach that levels? Ramesh Damani : post july it did. currently it looks a long way away rajyasrebiswas : What do you think about Mukta Arts for investment purpose? Ramesh Damani : It is a good company, but not the right time to buy. ap : Where do u see sensex in dec 2001 Ramesh Damani : I am an analyst not an astrologer. srinu : can u tell me about futures in nse? Ramesh Damani : This is a very vague question. Thanks for joining me and see you all next week. Goodbye | |