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THE CHAT ROOMS
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'This is a stockpicker's market''Buy good stocks and hold them. It is not always easy to keep prices under control. The market is more important than any player,' says Ramesh Shrichand Damani. harip : Hi Ramesh, how are you doing? Do you rate Macmillan for long term? Ramesh S Damani : Hello everyone. Thanks for joining. Lets start. I think Macmillan is a good bet for long term investores. I hold it sagar : dear rameshji, how do u find it&t cause it hit lower circuit today ? i bought some last week and still making some money. ok, do i hold it? does it really have call centers? Ramesh S Damani : It is a small co not widely followd. Stocks will go up and down, I think they will take 6-12 months to get strong. I beleive they have got some good orders from foreign telcos anandbhatt : Hello Sir,Any trading call you would recommend and at what price? Ramesh S Damani : Nothing new. I continue to be impressed with the price movement of TVS Electronics BASANTMAHESHWARI : Political uncertainity. Should one exit Beml for the time being and switch to IT-enabled or continue holding the PSU Shares Ramesh S Damani : i would keep it. though it will be volatile. I own BEML. bullet : suppose if the govt.falls what % downwards would we see in all stocks Ramesh S Damani : yes particularly psu stocks Lohit : Rameshbhai , BOOM 2000-01 had turned into SCAM 2001 because among other reasons , the bulls fell out with each other and started fighting each other . Do you think the same thing has just a little bit started to happen . PLEASE be honest --- I have great respect for you , sir . Ramesh S Damani : this is an impossible Q to answer. Buy good stocks. That you can control. abc : Mr. DAMANI, can I buy GATI at Rs. 75 and expect decent returns ? Ramesh S Damani : i continue to like it and recommend it manish : hi ramesh ji plz tell me about subex's fraud management. should i hold it Ramesh S Damani : i would hold it. Lohit : RAMESHBHAI , Why should all the K10 stocks be painted with the same tainted brush -- after all GTL for BPO and AFTEK INFO for growth and PENTA GRAPHICS for leadership in animation are in a different league . Ramesh S Damani : Occasionally they are different. However sometimes not all companies are innocent. BASANTMAHESHWARI : I re-entered Max India recently. DUE TO THE HIVE OFF THE HEALTHCARE BUSINESS. shOULD THE SCRIP GET A DECENT RERATING AGAIN Ramesh S Damani : i am awaiting details of the spinoff. anandbhatt : Sir,Thanks for the reply.Any idea why BEL recently went up from 150 to 175 in the last few trading sessions although it has corrected a bit in last 2 days.Youe comments please. Ramesh S Damani : just regular movement. Nothing new. goaman : hi mr rd should i tender vsnl shares to tatas open offer Ramesh S Damani : i think so. anil : what are your views about rolta company is highly undervalued considering its constistent growth record and leadership in cad/cam/gis segment similar company infotech enterprises is quoting at such an high p/e. Ramesh S Damani : Market is unhappy with mgmt ag : sir I have BEML@24.00 I can hold it or sold Ramesh S Damani : i would hold it goaman : what will be the affect on gati and concor now that maersks logistics has entered india they have set up base in tirupur Ramesh S Damani : still too early to come to a conclusion. Mearsk may bid for Gati/container smallinvestor : u r ignorring me, i'm so regular in ur chat, pls tell about zee and TV18 Ramesh S Damani : Nothing dramatic happening inthese co's Lohit : RAMESHBHAI , the street wisdom is nobody wants SATYAM to break out and instead stay in a tight 260-280 range because its is easy then to eat both the put and call premiums but what will happen in the run up to the 24th when they declare results . They will definitely say something about BPO and stake sale and JV's and that sort of explosive stuff . Ramesh S Damani : they may. It is not easy to keep prices under control. Market is more imp than any player. anandbhatt : Sir,you said you continue to like TVS electronics.At what price can I enter?Pls advise. Ramesh S Damani : at market rates shortfuse : Mcdowell @P/E of 15.Why do you fancy it? Afterall the promoter is not a reliable one for share holders. Ramesh S Damani : brand values are too great. WOrst is in the price Rajiv : Hello ramesh, if CONCOR is put up for disinvestment do you see much opposition from workers? Do you expect some international bidders?? Ramesh S Damani : yes it could get a really fancy price anil : rameshji any new idea the likes of eserve intl which you had recommended at around 170 Ramesh S Damani : Take a look at tvs electronics. Jayesh : 1. congrats buddy - for the highly sucessful call(s) on geometric, e-serve & cmc among others. whats the secret, can u share it with us ! Ramesh S Damani : sometimes you get lucky Rajiv : Is EIL disinvestment likely to be delayed and is the stock reasonably prices currently for a new investor?? Ramesh S Damani : it could be. It looks well priced at current rates oink : rameshbhai.. u r fantastic.. i come for every chat of urs and i thnk u r the best :) Ramesh S Damani : thanks for the kind words Lohit : RAMESHBHAI , MAX INDIA people had been indicted by SEBI report as one of the companies that had tried to finance some of the Scam 2001 important persons via Consortium Finance -- the DSE people , in particular . Are you sure now too , something like that will not come to haunt us all . Will it be managed OK ?? . Ramesh S Damani : i am not familiar with that report.I have not heard about it Jayesh : 6. RIL & RPL - m.cap to sales ratio of the combined entity wud be less than 1 (m.cap Rs. 450 bn & sales of Rs. 580 bn) - do u see a value.annu. eps between 28-30 - markets gives a pe of close to 10 - am i right ?Quoting Shri Chandrakant Sampat "Therefore, it is best to purchase at 1:1, 1:1.5 or at most 2.5." - your call. Ramesh S Damani : I am no fan of the petrochemsector. Lohit : RAMESHBHAI , last year Sucheta Dalal here on Rediff and some other journalists had tried to spread the notion that you and RJ are both basically Bear cartel people -- which is of course nonsense . Only you have to trade down like others when the market is hopelessly breaking . Why did you not bother to neutralize by issuing statements against what was being said . Ramesh S Damani : she was i think referring to another R damani. THere are maybe 7 damani's in the market. I was not part of the investigation. goaman : dear rd yu have been a proponent of the new bull market with psu and it enabled leaders now that the govt has become weak oil has shot up and workers in psu started striking do yu still beleive in the bull market Ramesh S Damani : i have. bull markets go upon a wall of worry. So far it seemsto hold true. Lets see what happens harip : Ramesh, I found you a very successful investor and very good in picking stocks. In the past, do u have any very bad picks and what did you learn from them? I am curious and probably this may help others. Thanks in advance. Ramesh S Damani : interesting Q. Market is a humbling place. THe worst mistakes were made at 5500-6000 on the index. We bought some stocks i would never buy. You get carried away shortfuse : Sorry for repeating the question others have already put to you.Do you still feel worthwhile to invest in TVS Elec @105 as a trading call? Ramesh S Damani : as an investment. Trading call wasaround 60. gun : dear rd..could u suggest any books for us investors/traders to improve Ramesh S Damani : REminicences of s stock marketoperator be Edwin Lefevre is thebest malibudude : Ramesh,how do u rate TVS management and do u see any significant upside from here?Anything apart from Verifone deal? Ramesh S Damani : they are going into mfg bpo. Internal targets over 2 years arev ery aggressive arahaman : Dear Ramesh some expert thought Hinduja TMT is a Punter call. Do you agree with them? HTMT shows some extraordinary income of 8.5 crore. What is your opinion on their result? Ramesh S Damani : stock is well priced at around 300. Next years growth will be good.THe 8.5 cr inc was due to small stakesale in Fascel i believe Lohit : RAMESHBHAI , she referred to both R.S.DAMANI and RAMESH DAMANI in her article ( You can download a copy ). She never said you are part of any investigation and you werent unlike R.S.DAMANI . But she had said you should be !!!!!!! -- thats my point . Thats what you should have pointed out . Ramesh S Damani : believe it or not there isanother R S damani who was lookedi nto by sebi. I beleive she was referring to him. Basant : I am basically invested in the IT enabled business Is it time to take profits off the table and switch to ITC's and Abb or wait for the best? Please advise Ramesh S Damani : i am still bullish on the sector.However it is prudent to sella little in some shares thathave moved too far ahead Lohit : I mean now that ET Investors Guide , is openly supporting the BPO story , at some point she will repeat what she wrote in January this year -- that some operators and their media managers are trying to play games . Its best to be on the offensive maybe . Ramesh S Damani : she has a job to do. I have my own job. Robin : Sir, I'm Robin Doing my masters in Engineering in Anna UNiversity, Chennai. I'ld like to know that it'ld be good fr me to deal with stoks and do stock trading? Ramesh S Damani : start small and develop a philosophy. In the new economy stocks are the best saving avenue silverinvestor : you are the pioneer in venturing into newer territories when all the so called market analysts were advising all of to ply safe,yet you dicovered e-serve,geometric,enginners india & umptin new stories.we lable you now BOITES(bull of IT enabled sector) Ramesh S Damani : thanks so much. its very kind ofyou. I do beleive it-enabled willbe a major force in teh economy aps : What are yr views on the market as a whole? Do u think that the government has become unstable and this make take the sensex further down? Ramesh S Damani : it does worry me Keeps me up at night Amit : Hello ramesh ,i have some shares from employees stock option plan in our company infosys tech . which i had opted for 3500rs . would it be profitable to sell them now or i should wait for some more time ...do you think this IT sector will revive .... Ramesh S Damani : you would be a better judgeof that. Holwever if Mgmt cannotgrow the business they will run into trouble. THey better havea plan KASHYAP : SHOULD I KEEP MY VSNL SHARES OR GIVE THEM UP IN BUYBACK SINCE VSNL IS A CASH RICH COMPANY? Ramesh S Damani : i would tender them. Janu : Dear Mr. Damani , I have not attended any of your previous chat sessions , and am not well informed about IT-enabled. But I want to understand this sector , and invest in it. Your suggestions please Ramesh S Damani : read a book called being digitalby Nicholas Negroponte. Robin : Sir, Where do I develop the philosophy of stocks Ramesh S Damani : start by reading a lot. aj : sir,Pl.give TIP OF the DAY Ramesh S Damani : no tip of the day here. Sorry aminur : Macmillan has a tie up with IIT and IIM. They are providing on-line course on different finance and Management. Have you seen that? Ramesh S Damani : yes. they are doing things well Linda : I hear that Crisil has big upsides-what's your view please?? Is there any news?? Ramesh S Damani : if infrastruture spending improves sagar : dear rameshji, thanks for your tips on tvse, can it be 200 or 300 like your other recommended stocks ? Ramesh S Damani : that is the hope. aps : I'm a trader as well as investor and highly leveraged in the market, though most of my picks are almost the same as yrs. Now how should i protect myself from the sudden risks arising such as the fall of the government etc. Ramesh S Damani : buy some puts on the niftyin the derivatives market. Devanathan : Your views on TVS Electronics? Ramesh S Damani : bullish SHAH : WHAT IS THE POTENTIAL FOR A CAREER IN THE CASH-DERIVATIVES ARBITRAGE DEALING? Ramesh S Damani : to a young guy i would suggestresearching in stocks as a betteroption. bullet : dear rd can u please tell me what is drving digital and geometric when other stocks are falling Ramesh S Damani : large buying orders ? Keshav : can U expand more on mfg and BPO regarding TVS E ? What is the upside going forward from current levels and why ? Ramesh S Damani : company is moving into bpoand software. Mgmt is great.looks okay tome SHAH : THANK YOU SIR !!I AM TOLD THAT A GOOD ARBITRAGE DEALER IS A VERY WELL PAYING JOB AND MORE EASILY FOUND AS COMPARED TO A RESEARCH JOB.....CAN YOU COMMENT? Ramesh S Damani : that is correct. However nointellectual satisfaction in it. anandbhatt : Sir,do you feel the market will weaken further?CAn one sell PSUs which I own and reenter later.I mean do you see BEL and CONCOR falling back to 120 and 250 in the near future.Pls advise Ramesh S Damani : they could. I hope not though. vikram69 : am sorry if this question has been asked before, after vajpayee's sectarian speech at goa, are u bullish on india in the long term Ramesh S Damani : it worries me a lot. A secularindia is what i like. That is whatmakes us great compared to IRan,Pak etc. aps : Lot of activity seems to be going on in the healthcare sector. Wipro has set up an independent unit dealing with healthcare and so is going to happen at max. Yr comment? is there going to be some story? Ramesh S Damani : in the health care a goodstock is Apollo Hospital ansii : sir please answer my following question. whats your take on investment trust of india as they are about to get huge cash and the shares are languishing at 33. Ramesh S Damani : they SHOUlD be fored to paya good dividend. I dont know whatthey will do though : dear rd the questions seem to get lost in the maze out there so lemme repeat myself HAS THE BSE INDEX LOST ITS INDICATIVE RELEVANCE OF LATE Ramesh S Damani : this is a stock pickers market.Pick good stocks. THey are reallydoing well. kavita : dear rd ps your take on videocon are u upset or what previulsly u hv bn replying to my queries.today upset or what Ramesh S Damani : no. just too many Q. I dont followvideocon. vikram69 : in view of the political turmoil and the gujarat pogram, is ur view of we being in a bull market, still hold Ramesh S Damani : the belief is being tested sorely Raghuram : Sir do you think Privatisation of International Airports in India will be profitable to AAI Ramesh S Damani : very tianna : Rameshji You are great!!! for Your advice is immensely helping a great many people like me.Many many thanks to You for sharing with us your valuable knowledge. Ramesh S Damani : thanks. Keep tuning in Devanathan : Do you use technical analysis at all? Ramesh S Damani : ocasionally. ayanshah : Sir Do you see Driver for the ABB stock is the possiblity of BUYBACK news coming in shortly??ALSO Do you for the strong view for the APPOLO HOSPITAL STOCK buy call at current prise of around 150 rs?? Ramesh S Damani : both look good. ABB has Rs 100cash on price of 260.Apollo is doing well. BPO businesswill be starting also. THey gota contract with Lincoln Hospital abhijit : Do you think IAAI is a divestment canditate currently? Ramesh S Damani : i wish it were. : dear rd in a STOCKPICKERS MARKET.. how does one manage ...where is the edge for the small investor...or is there a pattern i hv failed to discern ????pls respond Ramesh S Damani : buy good stock and hold themYou could have made 10 times onGeometric, 5 times on E-serve3 times on HTMT. Buy good stocksand dream a little bit. anandbhatt : Sir,Do you think after INFY RESULTS you think the INFY PRICE will be flat the next few months with very little upside?I bought it at 10,000 in the IT boom.Should I sell at a loss at current price and switch to PSUs or something else as 10000 looks too tough.Waiting for your invaluable advise. Ramesh S Damani : it does. I dont have thecourage to give a recommendation.YOu are on your own., bullet : please recommend a scratch potfolio mix of only IT enabled and PSU which will give rich capital appreciations Ramesh S Damani : try tvs electronics+beml or belI own all three malibudude : Ramesh,what's ur take on IPCL?what's the max price it can fetch. Ramesh S Damani : North of 125 ayanshah : MR. Damani Forth time Asking today sir......IT&T stock which is a BPO play and I baught some at 55 rs...IPO got devolved at 81 rs with JM Morgan and ENAM as under writers.....What should I do with my purchase of the stock at 55 rs?? Ramesh S Damani : i would hold it.Co should turnthe corner next year. zinta : SIR, I BOUGHT 1000 SHARE OF SUBEX @ 139. WHAT CAN I DO? HOLD OR SELL? PLS ADVICE ME SIR. Ramesh S Damani : Hold it priya : Sir please take note of my feeling. Please ignore nonsense comments. Youa are our guide. Please take note. Ramesh S Damani : sorry priya. please send your Qagain. bhavesh : sir i have gillette at 272, is this the time to sell or hold and what abt reliance petro Ramesh S Damani : hold gillette. Neutral on Petro mahendra : Sir, there was some talk recently about stockbroker damani (i hope it is not you) getting caught in Colgate stocks and thus enticing investors to buy colgate and artificially push up its price.. Your comments, please. Ramesh S Damani : not me. Not heard about it also. ABL : SIR, U HAVE RECOMMENDED TVS ELECTRONICS..... PLEASE SAY AT WHAT PRICE SHOULD I ENTER ? Ramesh S Damani : Around 100 vikram69 : and by the way , another suggestion, so many ppl keep confusing you with some other unscrupulous Damanis, you could consider renaming urself, R D DamaniRamesh Different Damani Ramesh S Damani : Dont beleive everything you readin the press. Often wrong andmotivated reports are published. bullet : dear ramesh i would like to thank u for all the information given to us. are there any other cues? what is your call presently on digital and geometric Ramesh S Damani : on a trading basis Geometricis well valued. Long term a/cs stillhold it. DIgital is for the big boys eekkss : is it a good time to get into morepan labs? Ramesh S Damani : i dont follow Morepen aks : sir, at what price to enter apollo hospitals Ramesh S Damani : around market rates. Sachin_sebi : Fat Ass you there?? Ramesh S Damani : courtesty my friend sagar : there is no reasson why we (chatters) are confusing ourselves about the other damani and wasting the time when it could be utilised by asking stock qs? Are we not here cause we all have made money cause of rds tips/suggestions, so make use of mr rds time to the fullest, thanks Ramesh S Damani : thanks all. Have a good week.See you next week. | |