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THE CHAT ROOMS
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'We have made a technical bottom''The market may have a few lean years. But for the medium-term, IT, IT- enabled services, PSUs on divestment list and FMCG scrips look good,' says Ramesh Shrichand Damani.
marketinformer : In your opinion who is guilty for the crisis ?? Is broker/regulator/operator /or some one else ??? ravi : Where are you Mr. Damani? Ramesh Shrichand Damani : Hello everyone and welcome kelly : do u think that the market will crash lower this week? Ramesh Shrichand Damani : Everyone is scared of Frightening Fridays bull : Who is the Infosys of future ??? Ramesh Shrichand Damani : That is a tough question. Almost certainly it can't be INFOSYS. New bull markets have new leaders sonali : What do you feel about the market now. Particularly when SEBI/FM are telling that by june 2 all A group scripts in Rolling Settlement Ramesh Shrichand Damani : Its very worrying. I believe Northblock is getting only the official view. Level of pains are unbelievable in Bombay. Market seems to be enjoying a technical rally. Nothing more. kelly : the sebi report has squarely blamed Ketan Parekh for the recent problems. what is your opinion? Ramesh Shrichand Damani : One of many possible problems. rajutaneja : Dear Ramesh, I would like to know the future possibilities of HFCL share. Should I hold on or sell Ramesh Shrichand Damani : It could have a technical rally. But i am not bullish on it. fanofu : What would you do first if you become BSE President? Ramesh Shrichand Damani : Thanks. Good question. I would outsource all market sensitive information so that investor confidence is created. fanofu : BSE and NSE is ready for option segment. But what do you think it will work in this market when there is very low volume in cash market. Ramesh Shrichand Damani : No. Derivatives market presumes a healthy cash market ricky : kochi refineries is soon to declare its results. do u think that it will make a good speculative buy right now? Ramesh Shrichand Damani : I rarely like refineries ravi : Small investors are advised to be away from market becouse they may burn their fingers. Why not same advise given to Institutional investor to prevent loss? Ramesh Shrichand Damani : They are supposedly more sophisticated fanofu : In your opinion who is the best Bull or Bear ?? Ramesh Shrichand Damani : No specific names. But each bull market and bear market has new leaders kimi : what is your opinion on GTB share now? Ramesh Shrichand Damani : Not very attractive karan : which share do u think has the maximum potential now? Ramesh Shrichand Damani : Its an impossible question to answer. Let's wait till the market has made a bottom Samapriya : Why the market responded positively today, even when there are lots of bad news like futures is down by 42 points ? Ramesh Shrichand Damani : Market is having a technical rally. It could climb to 3500-3600 area fanofu : Every one is talking about broker being guilty, operator being guilty but why they are not blaming UTI who has lost 200 cr. Only in single script HFCL??? Ramesh Shrichand Damani : You are right. They should not blame a community for the ills of a few deepak : What do you say about current recession in the infotech shares, any idea uptil when this would continue? Ramesh Shrichand Damani : That would depend on the US. THe US recession may be long. karan : are the BSE brokers happy considering that the exchange is still without a president? Ramesh Shrichand Damani : No. We would like our representation. gracias : do u think global and penta at P/e of 2 and 3 are attractive? Ramesh Shrichand Damani : I am not a fan of those companies. piya : why did software stocks take a beating during the second half of the day? Ramesh Shrichand Damani : Lot of nervousness still in the sector. sonali : Which will be your favourite counters/scripts in this market with medium-term view? Ramesh Shrichand Damani : It remains, IT, IT enabled, PSU's on disinvestment list and some FMCG ekta : do u think its the right time to invest in old economy stocks..right now? since they seem to be doing better? Ramesh Shrichand Damani : Possibly. But if market falls almost nothing performs. ashwneel : Has the stocks reached its bottom prices or ?? Ramesh Shrichand Damani : We have made a technical bottom. Long term I am not sure. karan : do u think that the stock markets will panic if Wipro and Infosys start laying off employees? Ramesh Shrichand Damani : Definitely it would be a blow. hema : what do u think of HDFC bank? Ramesh Shrichand Damani : Looks good to me. I own a little bit of it. RD : What is your view on Satyam? Will it ever rise above its current levels? Ramesh Shrichand Damani : SIFY, its internet subsidary will drag it down. Randhir : Hi Mr Damani, I am a new investor tell me one stock i should invest in on a long term perspective and the risk is of no bother Ramesh Shrichand Damani : I own and like ESERVE around 130. Take a 2 year bet on it. It is in IT Enabled sector a Citibank company. It makes sense to me. fanofu : I am fan of you and hope you will be regular here. Ramesh Shrichand Damani : Every Tuesday 4.00 PM Samapriya : thanks for answering, but do you really think it can climb up to 3500-3600, and bullish about the markets this week ? Ramesh Shrichand Damani : It could. People refuse to believe market can go up. Too much skepticism. It could surprise us. sharan : will we never learn or we turn a blind eye as i see it it is power struggle at the bse always get the top post go hand in glove with some brokers bulge your balance make hordes of money and then face an inquiry ,by then the poor small retail or whatever we are called i think "fools" are left no where .will this ever CHANGE ??? Ramesh Shrichand Damani : sharan I respect your feelings.What we need is fair and quick settlement of problems.Things cannot drag on .Justice delayed is justice denied sonali : IN IT & ITES which one and do you feel after BALCO drama PSU divestment will have a smooth sail, then which scripts in this sector Ramesh Shrichand Damani : CMC is the obvious candidate. I have traded in this script Rajiv : Hi Ramesh. I bought INFY at 5100 and 6600. Do you expect any rally in next 1 year that will allow me to exit around 6000 levels Ramesh Shrichand Damani : Currently it has strong resistance.You might have to wait for US to get out of recession before INFY can start climbing.They need to do an acquisition. NAGARAJ : WHAT ACTUALLY K PAREK DID TO COLLAPSE THE STOCK MARKET Ramesh Shrichand Damani : Used borrowed money that he could not pay back. Prices were ramped up. Milind : I am keeping HFCL bought at Rs 1400, what do I do? Ramesh Shrichand Damani : I would book losses at some point. fanofu : Do you think that we will see 6000 index any more??? Ramesh Shrichand Damani : Ultimately yes. But it may takea couple of years. ashwneel : I had got Global at 960, are there any chances that it will come near to this figure any time Ramesh Shrichand Damani : Not very bright james : Will WIPRO surprise us with good future projections? when will wipro go to 1700 level? what can be its uptrend? Ramesh Shrichand Damani : I doubt it. They will be affected by the slow down. sanjeevbahl : IBP is another candidate for disinvestment after BALCO. It is a Oil Mkt Co. Can I have your views on this stock pl Ramesh Shrichand Damani : Good candidate for disinvestment. samapriyaa : Ramesh how about buying Eupharma Labs at current levels ? Ramesh Shrichand Damani : i do not follow it balan : mr damani will BLESS and ALBM be in existance when continuous rolling settlement comes into being? Ramesh Shrichand Damani : There is some thought to scrap it at SEBI. SureshRaj : Hi Ramesh . Remember I said 3 months back that INFY is most over priced and management of Company is just creating hype and it will come down. Now what you say........I say now that given the work they do and people they employe, in changes market senario even 30% growth they can't achieve. Ramesh Shrichand Damani : even with 30% growth payroll costs will go up. Options are underwater sanjay : HOW WILL THE STOCK MARKET REACT AFTER ASSEMBLY ELECTION IN 5 STATES? Ramesh Shrichand Damani : Could be a problem if BJP does badly. pawan : sir, the problem with stock market that it crashes badly every three-four years , is it only in india and if so what r the reasons Ramesh Shrichand Damani : With more regularity in India and emerging markets NAGARAJ : RAMESH HOW COULD MONEY LENDERS GIVE HIM SO MUCH MONEY Ramesh Shrichand Damani : Greed. I am also apalled. People will bargain for a kilo of vegetables but sign away life time of savings. Its amazing. SureshRaj : Mr Damani , I again say that Wipro will come with good result and good projection for future.....wait till 20 April.......... Ramesh Shrichand Damani : Good results yes. Future projections iffy after infy. Lets hope they do fine though. yukta : do u believe in the Mutual fund route or should one directly invest in the markets? Ramesh Shrichand Damani : Sure put it in an index fund. sanjay : do u think deravitives will replace carry foward system? Ramesh Shrichand Damani : Sure 3-5 years in the future,.It is still too premature venkat : Hi Mr. Damani. Why is that there is no ban on buying at euphoric levels...but a ban for selling short at still overbought levels Ramesh Shrichand Damani : I have never understood that. Its like playing football but only one side can have a goalie. sasikant : what do u think of SCI at the currnet levels of Rs 35? is it worth buying? Ramesh Shrichand Damani : It looks good. Div should be 3 bucks. I own it sanjay : are u still bullish on tasty bite Ramesh Shrichand Damani : Yes. But it is still too small to matter venkat : don't u think that actually bears give the much wanted liquidity to the system. I personally think that Govt should not decide & cannot decide what is the right level of the market. Market forces should decide that. Your opinion pls. Ramesh Shrichand Damani : I agree with you. Bears are a part of the market. People dont appreciate their importance Aravind : Good Evening Sir i am an MBA and want to make a career in a stock broking firm I am confused about the situation now Ramesh Shrichand Damani : Market will revive. You may have a few lean years. Time to read and learn. That is the best education and experience kaka : I have purchased 3000 shares of Square D Software at Rs. 750. Do I ever have a chance of getting out? Ramesh Shrichand Damani : I am not very optimistic Kaka. kaka : should I start averaging my DSQ shares bought at 750? Ramesh Shrichand Damani : I would not do it. Rajiv : Ramesh, do you like Nestle and ITC at current prices? Ramesh Shrichand Damani : They are good defensive investments him12 : Do you hold yourself partly responsible for leading investors to buy into technology stocks at obscene valuations`? Ramesh Shrichand Damani : No. I have made some mistakes but the stock market is not for people who cannot risk capital.We must all be careful. REN : HOW ABOUT RELIANCE PETROLEUM TO CDS WHICH I AM KEEPING FOR A LONG TIME Ramesh Shrichand Damani : Refining is not the best business. Mahesh : Ramesh what do you feel about the area of investments now for small kinda investors Ramesh Shrichand Damani : Buy an index fund at the current time. LSE : How long will the Bio Tech bubble last? Ramesh Shrichand Damani : What bubble? harish : Sir I had brought TATA power at 160 levels. Whether I have to book loss or there is chance that it will grow up to 160 levels Ramesh Shrichand Damani : I would hold on to it. Ramyaa : OUTLOOK ON SSI PLEASE.. Ramesh Shrichand Damani : I prefer NIIT Inderjit : Hello Mr.Damani, I hope u remember me i was working for G S Damani at their Nariman point office, I am currently in S'pore.How r u doing and how's the Indian Stock Market doing? Ramesh Shrichand Damani : Hi Inderjit. How are you? Market is taking it on the chin. I'll tell GS you logged in. Market is in poor shape. balan : Where is the huge FII investments going Mr. Damani? Are the figures released real? if so how is the supply of around 8500 crores meet? Ramesh Shrichand Damani : Govt of singapore bought 5% of infy. Janus bought reliance. In places like that. Rajiv : Is Citicorp Securities still worth buying?? Who are its competitors. What is the company's key strength?? Ramesh Shrichand Damani : Yes. No major comp at current times. Good management and great external operations. Let's hope they deliver. Chandra : Many brokers are suggesting that most A-group stocks are in the oversold territory and are expected to bounce back as we have seen in the last two days ? What is your opinion, Mr. Ramesh ? Ramesh Shrichand Damani : If we remove the ban on short sales we would have an accurate picture Aravind : I have UTI shares. Is it advisable to sell now? Ramesh Shrichand Damani : Sure buy into an index fund LSE : Isn't it time that some of our major IT companies picked up bargain companies in US? Ramesh Shrichand Damani : Yes. they should balan : U say 5% of INFY is with Singapore Government. A leading tech analyst predicts infy @ RS 500??????????now whats ur guess? Ramesh Shrichand Damani : maybe too pessimistic. crs : Sir if rupee continues to fall like this and the political mockery continues and if FII decides to leave INDIA then what is your call on market as well as on the rupee? Ramesh Shrichand Damani : That would be doomsday Mahesh : I have bought Pentamedia at 242 and now its 71 should i buy further and average it out or what do i do? Ramesh Shrichand Damani : I would not average it. crs : sir your call on PSUs at current situation specialy for Bharat Electronic? Ramesh Shrichand Damani : I like it. ravi : Mr Damani, What is the role of Analyst now ? Ramesh Shrichand Damani : Great time. Hard work and good quality analysis will pay off. sanjeevbahl : Can u please attend to my IBP query as well Ramesh Shrichand Damani : I like IBP good disinvestment candidate hsb : sir, i want to learn technical anaylsis. Is there any institute? please suggest. Ramesh Shrichand Damani : I think bse offers a course crs : Sir how about the stocks in the FMCG sector specialy HLL and Colgate as first one is at 4 times the market cap/sales and colgate at 1.6 times? Ramesh Shrichand Damani : There may be an opportunity in Colgate balan : Mr.Damani, should goverment ban corparates from entering capital markets directly or indirectly? Ramesh Shrichand Damani : We have laws agianst insider trading.They need to be enforced. sanjeevbahl : My query on IBP was - at what level do I get out of IBP. Present price is 310 and 52 Week High was around 360. Please advice Ramesh Shrichand Damani : Wait for disinvestment bid. rtandon : Can you comment in the downfall of the Reliance Petroleum share prices Ramesh Shrichand Damani : Regular correction. Market cap is still very high farokh : CRS WANTS TO KNOW HOW IS MONSANTO AT CURRENT LEVELS Ramesh Shrichand Damani : Looks a decent bet to me.I own a little bit. venkat : Hi Mr. Damani....do u have any winners in mind in the current market scenario..( not gonna buy) just asking to see your analytical side..I 'd be happy if u answer this one. Thanks Ramesh Shrichand Damani : See earlier answer on ESERVE rishi : mr damani what u think about todays fed rate cut and its impact on american markets if the rate cut is only 50 BP Ramesh Shrichand Damani : Is it today? It had slipped my mind? sanjeevbahl : Thanks on IBP. Does it apply to Bharat Petroleum. Should I hold this as well as it is in the list as well Ramesh Shrichand Damani : Its not in the disinvestment list. Just cheap. din : Sir, for the current SCAM who is the real culprit ? Do you think for a small investor it makes to not invest in the Stock market ? but fixed deposit .. where by he is not losing his principal ( amt invested ) atleast? Ramesh Shrichand Damani : Sure but inflation ultimately eats into any gains. gk : Dear Ramesh, I have bought Pentasoft technologies 600 shares at 502.50. What should I do now? Advice. Also I am having 100 shares of Global. Ramesh Shrichand Damani : Sell them in a rally. My view din : Can U pls comment on Mastek and Visual Ramesh Shrichand Damani : Both will have a difficult year next year. Aravind : Why u r not answering on MRO TEK shares? Ramesh Shrichand Damani : I dont follow it. farokh : CAN U GIVE YOUR CALL ON BIOTECHS PL . THEIR PROSPECTS . THE BEST BET??/ Ramesh Shrichand Damani : Too early. No serious companies yet. Mahesh : what will u do if Tehelka people are recording all this and yu are suggesting people to sell the stocks in rally and they put a charges on you that you have recomended people to sell ? ? ? Ramesh Shrichand Damani : Let's hope our country has not come to that. Chandra : Some brokers who advise the small investor to sell all stocks in a specific sector through such sessions or websites do it so that they can pick up the same stock at very low levels themselves later. What is your opinion, Ramesh ? Ramesh Shrichand Damani : Market is too big for any one person to influence. Remember that. farokh : PROSPECT OF ARBITRAGE BUSINESS AT BSE NSE Ramesh Shrichand Damani : Looks bleak. balan : HAVE TECHS TURNED CYCLICAL MR DAMANI? STILL ARE FMCG AND PHARMA DEFENSIVE ON RANBAXY Ramesh Shrichand Damani : They look like that. Thanks for joining in and see you all next week. | |