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THE CHAT ROOMS
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'After war fears recede ITES will be big''War fears have really dammed the IT-Enabled Services industry. But the stocks will recover,' says Ramesh Shrichand Damani.
raja : ramesh, it's good to cu back this week. So how was your vacation? karthik : rameshbhai, how was your vacation? Did u enjoy? What is your reading of the current state of the stock market? Will it lose more points? Ramesh S Damani : I went to the US . The Dow and Nasdaq look like they will test Sept 11 lows. However are markets are trying to delink from them. Today's move was very inspiring, udayshachi : sir, I have 100 BEL@200, 200 Rolta@150, 500 SCI@87 & 500 BEML @100. Sir what should I do hold or sell them Ramesh S Damani : I would book profits in SCI. Rest seem okay. I own all these stocks except Rolta baracuda : hope you had a great vacation. Just for the record where was it? In this changed scenario what should we do with eserve and macmillan. They are not performing in the current rally. Why? Ramesh S Damani : the war fears has really dammed the IT Enabled industry. IF they recede stocks in ITES will recover baracuda : what about the i-flex issue? Can money be made there Ramesh S Damani : It will open at a modest premium, I feel. ritu : it's nice to see u back Ramesh! We were like orphans in your absence in this dirty market. Ramesh S Damani : thanks. Its nice to be back and have a up market to boot. karthik : so ramesh bhai what did u do on your vacation. Where did u go? Ramesh S Damani : Met a lot of old friends. Had a lot of Mexican food. baracuda : have you had a look at Telco? Is it worth investing in the warrants available at 57 Ramesh S Damani : Telco is having a great run. HCV Sector is doing well. Take a look at Ashok Leyland. Vishal : Hcl Tech is moving aggressively into BPO by inorganic growth. What is your view about its valuation prospects? Ramesh S Damani : i have been a bit out of touch. Not followed the plans. However if war fears abate IT Enabled will be big. That is my feeling HA : HMT seems to have caught the imagination of the market even though its financials are in bad shape. Is it worth buying? Ramesh S Damani : It has had a good run. I am not recommending it at current rates. baracuda : Continuing with ITES have you sold your eserve and macmillans and geometrics? Please tell us how to proceed from here and where to shift our money Ramesh S Damani : I still hold all of them. They look good to me, sheila : Raakesh says that Crisil will touch Rs.10,000. Do u think so and by when? Ramesh S Damani : That would imply a market cap of Rs 6000 crores. I don't see that happening in the next 5 years. Cant think beyond that. ritu : Ramesh, On your advice I sold my Hinduja TMT holding (booked profit at 320 actually) and converted them into Macmillan (at 290) and E-serve (at 595). As of now HTMT has appreciated by 30 percent while E-serve and Macmillan have depreciated by an equal amount. Your comment pls. Do you think in a years time frame I wont repent my decision? Ramesh S Damani : That is the hope ritu. sheila : What is your idea of Macmillan Ramesh S Damani : A great bet. Vishal : What's your opinion about MRO TEK and Compudyne ? Ramesh S Damani : Does not excite me insider : Ramesh Bhai, It surprises me how you missed Goldstone teleservices having a 200 seat contact center and is both BSE & NSE listed. It has started full-fledged operations from May '02. Your comment on this company present share at Rs 21 Ramesh S Damani : I didn't catch it. anandbhatt : Dear Sir, Welcome back, missed you all this time. Anything you suggest buying at current levels from a trading call point of view? Ramesh S Damani : thx. I thought hard and bought McDowell. It seems like a great value stock. Somewhat like PSU stocks at ridiculous valuations. Take a look at Ashok Leyland insider : What is your comment on the emerging Blue Chip - Eonour Technologies Ltd. Rs. 2 paid up share is at present at Rs 9. Should I accumulate further. Have been studying it for the last 1 year. Ramesh S Damani : Sorry. I don't follow it. investor1 : Dear Sir, Do you track RCF? Bongaigaon Refinery? Any fresh suggestions? Ramesh S Damani : They look well priced. I own RCF ritu : What's your opinion about IT&T at current prices? Are u aware that Alliance (sameer Arora) has already bought a more than 2 percent stake into the company from the open market, despite such a poor liquidity in the stock? Ramesh S Damani : i was not aware of that. Thanks for the info. It is going to reward patient investors. Vishal : can you tell 5-7 stocks for 3 years time frame? Ramesh S Damani : MCdowell, McMillan, E-serve are some ideas that I own for that period. silverinvestor : sir,good to see you back. by any chance you have looked into sesa goa & ESAB? Ramesh S Damani : thanks for the book. No, not recently. Any news on them BASANTMAHESHWARI : What is your take on HTMT at present levels especially in view of the CAS system Ramesh S Damani : its market cap of 1600 crores. That is large. Its not a bargain. skb : rameshji, Had a great vacation but came early. How is your father now. We all are very much concerned about it. We all missed u too much and felt like a orphan. Really missed u alot Ramesh S Damani : thanks. He is doing better now. Its nice to be back. karthik : What do u feel about Bharti for a 3 year time frame? Ramesh S Damani : Haven't made up my mind BASANTMAHESHWARI : Alliance has bought about 1,00,000 shares from the promoters and the rest from the market Ramesh S Damani : of IT&T? ritu : Can u suggest a few good mid-cap PSU stocks, where u think there is still decent scope of appreciation? Ramesh S Damani : BEl and Container Corp sheila : Dear Ramesh, Can u please advise whether EIL is worth buying at these levels and if so what is the upside from here Ramesh S Damani : it seems fully priced on fundamentals. Don't know about a bid or post privatisation. EIL has a market cap of 2000 crs. CMC has one of 900 crs. baracuda : we have not touched on gati today have anything changed for the good or the bad since your absence. Nothing that I read is it still a value buy Ramesh S Damani : No a recovery would do them well anand_bhatt : Sir,With the travel warnings issued by the U.S the ITES segment some feel has got affected or will be affected.What do you think about buying Max and TVS at current levels of 120 and 95?Pls advise Ramesh S Damani : I like MAx at current levels. BASANTMAHESHWARI : Was at Indore recently and heard a lot about you. Seems that you are getting famous even in the smaller towns not just the metros. What do you feel about buying apollo for now. I already have a position at current levels grade it with MAx Ramesh S Damani : thx it is nice to know that. Apollo looks good to me as an investment, skb : Sir, your call on TVS Electronics, BEML, Gati, Max, Apollo Hospital, Kale, Melstar - any sell - TVS in the light that co. subsidiaryhas bought 10% from open market Ramesh S Damani : Ilike all of them, TVS stake sale is bullish. SRI : What about kale consultants Ramesh S Damani : buy a small qty ayanshah : Damaniji welcome back..This fall has given good opportunity to buy Macmillan at 240 rs, Macdowell at46 rs and concor at 290 rs..Thanks for pointing out this gr8 buys..Now should I think of trading in them or you advise them to hold on and forget..??what kind of returns you would be happy to see in them from these prices( Sorry a little unfair but very exciting question for me) Ramesh S Damani : I would hold them. However be patient. Over stime good stocks give great rewards. All these stocks have the potentail of doubling and then some.They are all good businesses.I own all of them baracuda : did yu try tortillas enchilidas salsas with a shot of tequila Ramesh S Damani : absolutely; its great.Also bagels Vishal : in case of revival of US markets, which companies would benefit the most - especially technology companies ? Ramesh S Damani : in case of revival infy andsatyam would be big winners, anand_bhatt : Sir, what about TVS electronics? You liked it and were recomending it at 100 a month ago? Has your view on the company changed? Ramesh S Damani : script price may be a bit ahead of fundamentals. HA : Dear Rameshji,Which is your favourite BHEL or BEML? Ramesh S Damani : beml was a dir cheap stock. BHEL has a market cap. silverinvestor : hope you know how real tequila is made? Ramesh S Damani : cactus ? BASANTMAHESHWARI : Why are you not bullish on Infotech but maintain a buy on Rolta. On the basis of your Mcap valuation Infotecg sems to be miles ahead Ramesh S Damani : i missed infotech to my regret. mani : dear sir can buy tvse at current price? please answer me Ramesh S Damani : i own a position, I am watching it. TechAnalyst : Ramesh, were you the seller in Hinduja today? Ramesh S Damani : No sagar : dear damaniji...what a perfect timing of market,,,you went just be4 the war clous started and came back when clouds were cleared,,,(jokingly)....hi rd,,, how were the holidays, Ramesh S Damani : Great thanks, that was good luck ritu : Ramesh, have u noticed the developments at the front of HPCL and BPCL counters? There were conflicting reperts in the media taking its toll on the market price? Do u think once shd invest at current levels and if yes, which one is yr choice - HP or BP? Ramesh S Damani : they are. I would not buy it aggressively. If you want PSU take a look at BEL and CONCOR. skb : sir, In the case of development seen - should we exit ITES stocks like, Max,Macmilan,E-serve,TVS , IT&T or just keep silent Ramesh S Damani : war clouds are receeding.IF they do these stocks willbounce back babyboom : rameshji, ONGC is sure to buy bpcl it seems.. then which one would be better to buy? Ramesh S Damani : that would be bad news. Neitherin that case. nriinvestor : 2 time: what mcmillan came from 340 level do you think it will go below 220 level? Ramesh S Damani : We cant say. However it looks good to me, ayanshah : Damaniji Like macdowell another company that is Radiko Khaitan is doing good for past few years and has growth target of 30% annually for next 5 years..your view? Ramesh S Damani : yes it is good. Mcdowell thoughis a great bet for patientinvestors. ritu : Please tell us yr views and analysis of Polaris-Orbitech merger! Don't u think polaris is a compelling buy at current levels, when compared with I-flex issue price or valuation of Digital. Please explain! Ramesh S Damani : THe merger should help Polaris a lot. THey could greaduate to a new league. Compared to I-flex and Digital it has a small market cap investor : Dear Sir,Our Technical Analyst is recommanding Geometric at current level saying will touch 700 level within 2 months time? Can you suggest anything on this? Do you feel its worth buying at current level ? Ramesh S Damani : co is doing well and technically very strong. In a bull market it could rise. KRISHNA : At current level FACT , RCF , NEYVELI is good bet for 3 months period Ramesh S Damani : they look well priced to me nriinvestor : 3 time:what u think about infosys after it got the big order. Ramesh S Damani : it is going to still struggle. Tech is not out of the woods. ayanshah : Well Damaniji Does this fallout given you to buy in the any new ones that can be a 3 folders like beml, htmt ...I think lot of us here might have done some wrong stuff in the time of panic and your suggestion would greatly help us recouping what is lost Ramesh S Damani : That is the thing to do. Avoid seeing prices everyday. I have listed stocks i like in previous answers. KRISHNA : In FACT , RCF , Neyveli Which scip is better Ramesh S Damani : my pick would be Neyveli. BASANTMAHESHWARI : MASTEK not allowing the company another chance still or is the opinion changing alliance and Birla are big buyers on the counter Ramesh S Damani : not changed my view. Birla does likeit. Their analyst is bullish on it. I amjust not comfortable at theselevels. nriinvestor : BEML MOVED VERY SHARPLY,DO YOU SEE ANYOTHER PSU WHICH HAS A POSSIBILITY TO MOVE IN NEXT 3 MONTHS????? Ramesh S Damani : nothing comes to mind. BEL still looks good. anuj : what do u think of HOCL, Tele data Ramesh S Damani : book profits in HOCL GravestoneDoji : Common Ramesh old fella, give us some operator Info...! Ramesh S Damani : sorry not my cup of tea ! ayanshah : Damanaji I am taking your advise and will only ask you once a month for my holding in Gati, IT&T, Macmillan, Macdowell and Concor(10%weightage each..)I still have some liquidity left..What you think I should buy in to be patient and be rewarded... Ramesh S Damani : take a look at e-serve. Results aredue . Buy after the results are out,.You could take a view on Max. ritu : Dear Ramesh, would please let us know if Polaris is buy at current prices, given its recent merger with Orbitech? Pls. answer thsi! Ramesh S Damani : sorry. I have no strongopinion. Superficailly it looks good. ayanshah : Rameshji Does Fortuneinfo around 75 rs. really has to make to big league??Some funds are bullish on it to be a 500 rs crosser a year down the line?( ZURICH to name one) Ramesh S Damani : i recently visited them. THey havedone some good wo0rk but it is notready to be in the big league. sagar : dear rameshji, thanks for recommending rcf and hocl before you went and thnaks i could make money but sold themm too early.....however please advice any 2 stocks for trading purpose.....u havent replied my earlier qs besides the timing of market((war clouds one) Ramesh S Damani : I generally recommend investments.No great trading call at this time anand_bhatt : Sir,Do you advise Eserve at current levels? Ramesh S Damani : wait till results are out.Thanks for joining. See you all next week. Bye | |