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'Time to put some money in the market'Mumbai, December 17, 2002: 'Careful. If VHP opposes divestment, the government may not go ahead with it,' says Ramesh Shrichand Damani.Ahmedabadguys : mr. damani the downword trend is for long or you are bullish? Ramesh Shrichand Damani : I am bullish. I think it is time to put some money to work in the market. baracuda : who will make moren money ainvestor who has equal amount of infy reliance and sbi or who has eserve geometric mcdow and honeywell Ramesh Shrichand Damani : Good question. I think the safer retrun will be in the Infy group. The morevolatile, but better return will be in the latter stocks. baracuda : why have yu never recomended mphasis bfl just months back it .is it still a good buy Ramesh Shrichand Damani : I did at its lower prices, but sold it earlier on. Ahmedabadguys : Great to hear this bullish words from you Mr. damani at last...From current prise level what is your recoomendations..... Ramesh Shrichand Damani : I think SBI keeps looking good. I own it and trade it. BASANTMAHESHWARI : Last week you mentioned that Tata honey is to do 360 crores in Topline and 36 in bottomline for the CY. Are these Company estimates(guidance)? This translates into an EPS of more then Rs 40 per share and a RONW on a BV of Rs 90 to over 45%. Are these not aggressive estimates??? Please comment. Ramesh Shrichand Damani : Rs 36 crore is for FY-04. For this year, the estimate is Rs 22 cr or EPS of Rs 23-25. ayan : Sir any view on Saw Pipe script as lot of gas findings and transporting pipelines are in the offing in next few years??? Ramesh Shrichand Damani : I am not bullish on it. baracuda : why has beml all of a sudden gone potty after all it is not a disinvestment candidate it results are nothing great it is expensive and when yu got pessimestic on psu i sold it ati should i forget it now or is it a multibagger in the makingbought it at around Ramesh Shrichand Damani : I sold BEML as you said. Without divestment, it is not very attractive. They should do Rs 5 this year. AnandBhatt : Dear Sir,Hello?How are you?There are 2 schools of thought in the market right now.First is the theory that FIIs would not be active for the next fortnight and return in Jan so one should wait for a correction to buy into the market.The second view is that all the FIIs dont go on vacation and if they put in money in the next 2 weeks then one may not get a chance to buy at lower levels before Jan.What is your opinion.Pls advise. Ramesh Shrichand Damani : That is hard to judge. However, I believe that it is time to put some money to work in the market. BASANTMAHESHWARI : Mphasis has bagged Accenture’s total BPO / outsourcing order should I add more at current levels or just wait for a downward reaction to Rs 625 odd levels Ramesh Shrichand Damani : The IT-enabled business was around Rs 30 crore. Not a great amount. It is an expensive stock. cmittal : what is your call on HTMT and tvselectronics Ramesh Shrichand Damani : I think TMT should go higher over the next few weeks. I have a trading position. Ahmedabadguys : Sir as you know when big cap from certain sector moves up small and mid cap from that sector also moves up and some of them gives fantastic returns..In banking sector which one have you spotted in this categaory which is on firm footing ... Ramesh Shrichand Damani : Clearly, market is enthusiastic about Bank of India, BoB and PNB. BASANTMAHESHWARI : Samir ARora plans to take over Alliance India funds. Is this not great news for the people who were bearrish on the Alliance stocks just a while ago? Ramesh Shrichand Damani : I am not sure it helps. Ultimately, stocks reflect value and not a personality. Ahmedabadguys : Mr. damani do you recoomend buying GNFC as gujarat elections are now over..and your view on concor around 260 rs level? Ramesh Shrichand Damani : It may be a good bet, but generally i don't buy fertiliser stocks. cmittal : in midcapstocks IT enabled which are your favourite Ramesh Shrichand Damani : In terms of risk and reward, I favour Tata Honeywell. baracuda : please answer the queries on tvse do yu see a arge business for the printer market. Ramesh Shrichand Damani : No, the growth will come from e-services and contract manufacturing. AnandBhatt : Sir,how is KPIT Infosys at current levels.Post mereger EPS for 2004 is 21.This gives it a PE of 8.Pls advise. Ramesh Shrichand Damani : This year they will earn Rs 10. Cummins is taking an active interest. I have not bought it, but i am watching it. jeetendra : Dear sir good after noon, today we here some news about polaris what is your opinion regarding impact for company and industries? Ramesh Shrichand Damani : Facts are still sketchy. I don't have an opinion on it. vikas : i ASKED SEVERAL TIMES WHERE WOULD YOU PUT YOUR MONEY AT TODAYS LEVEL AND HOW IS INFOTECH ENTERPRISES , TVS-E , IT&T LOOKING TO YOU Ramesh Shrichand Damani : Banking (SBI) and ITES, something like Mcdowell. I am a patient investor. BASANTMAHESHWARI : Pantaloon. Can one buy at current levels of RS 46 odd for a trading punt for Rs 50 levels. The Co. is also doing well on the retailing front also Ramesh Shrichand Damani : Yes. It is a good speculative bet. ayan : Sirfor mcdowell what is your strategy..trade or just buy and hold? Ramesh Shrichand Damani : Yes. I think once the herbertsons issue is resolved, they will take steps to unlock value. You must see stocks when they are unpopular. That is how you get value. I own it. baracuda : it took me 2days to accumulate 100shares of t honey with such poor liquidity will fii or institutions ever look at itand is there an exit if things go horribly wrong Ramesh Shrichand Damani : Generally, you can get 1000-2000 shares. It is illliquid. Remeber Wipro was ill-liquid too at one time. Numbers must be right. That is important. vikas : which sector could be hot after BPO , is it healthcare or retail if yes which scrip we should look at Ramesh Shrichand Damani : Apollo and Pantaloon. AnandBBhatt : Sir,Can one buy TVS electronics and Infotech Enterprises at current levels or has it run up too much.Pls advise. Ramesh Shrichand Damani : Infotech would be the best at these levels. TVSE, let's see some good results before buying more. I own both. Ahmedabadguys : Sir do you feel that Pharma stocks are technically ready for the upmove as banking stock did one month ago after consolidated fro past 5-6 months? Ramesh Shrichand Damani : Contract research and generic farming are the best bet. AnandBBhatt : Sir,with all these PSU Banks going up so much,comparitively there is a very small upward movement in KArur Vysya.What is the reason for this? Ramesh Shrichand Damani : The bad banks (high NPA) are moving up. Karur Vysya is relatively well run. tabu : Can e-Serve show growth in dec qtr. Ramesh Shrichand Damani : They should around 7-8 per cent sequential. vikas : We should not ask but very curious to know your target for MCDOWELL AND HONEYWELL if things goes right Ramesh Shrichand Damani : I don't set price targets really. Mcdowell will move when they unlock value. Honeywell should have a good few years. ayan : Sir Indian Hotel stock is at its 52 week high prise You see still more upside left or advise to buy on reaction? Ramesh Shrichand Damani : I would hold on to it. jai : i am holding 2000 alfa laval purchased at 110 should i hold on Ramesh Shrichand Damani : i would hold in. MadAni : If Shourie is made full-time Commerce and Industry Minister, and is divested of the divestment portfolio, how will market/sensex react? Whom would market like to replace Shourie as divestment minister? Ramesh Shrichand Damani : Badly. Shourie is the best bet. BASANTMAHESHWARI : Give us one example(except the big 2) of companies in contract research and does UPL figure in your generic farming listf Ramesh Shrichand Damani : Take a look at Suven Pharma (Rs 100), Shasun Chemicals (Rs 75). I own a small amount of Suven. vikas : iN LAST ONE MONTHS VIRTUALLY EVERYTHING GOES UP EXCEPT E-SERVE? WHY Ramesh Shrichand Damani : No answers for that. Remember, it didn't fall as other stocks did. AnandBBhatt : Sir,do you still fancy MAx India and Macmillan at current leves?You have not spoken about it for quite a while now? Ramesh Shrichand Damani : I do, but no new news on them. SaileshBagri : with the rupee gaining ground against the Us DOllar where do you see the software stocks going? Ramesh Shrichand Damani : That is something to think about. I think the rupee will be considerably stronger and that will affect the fortunes of the tech industry. They have to learn to be complete and margins will reduce. SUNDEEP : please answer , top one pick apart from tata honey for 2003 Ramesh Shrichand Damani : SBI. Dharmesh : Sir i own following stocks please suggest exit options A)Digitalequipment @ Purchased for Rs10B)National AlluminiumC)VSNL purchased at rs250D)Ranbaxy Purchased at Rs 600 exbonus Ramesh Shrichand Damani : Digital and Nalco should be good. Ranbaxy is also okay. kay : are you happy with the election results? do you really think that the BJP government will push ahead economic reforms, divestment etc? Ramesh Shrichand Damani : They may not if VHP opposes it and they will pressurise the government. BASANTMAHESHWARI : SBI should one buy calls or is it for delivery at these prices Ramesh Shrichand Damani : delivery ayan : Indian Organic is facing some problem regarding resin supplies to Pepsi..Has the problem got solved? Ramesh Shrichand Damani : Not fully, I beleieve. But they do contract research. rams : Good evening sir: Is it a good time to buy IT education stocks- NIIT/SSI Ramesh Shrichand Damani : Not SSI. Maybe NIIT at lower levels. They seem to be recovering. Hydinvestor : wat r ur thoughts about pharma, especially pfizer, which had hit its year-low recently? should i buy it? Ramesh Shrichand Damani : The company is doing well in terms of EPS, but growth may disappoint. They have become a marketing organisation with with no intellectual property. chekri : Is Suven Pharma so attractive. Do you recommend strong buy at this point of Rs. 105/- Ramesh Shrichand Damani : No, I just bought a small quantity to follow it. jai : SIR SHOULD I BET ON ONGC ON THE LONG RUN AS THEY HAVE ENTERED INTO SUDAN OIL AND GAS FIELDS AND LOOKING INTO THE SIBERIAN RESERVES BESIDES THAT THEY STAND IN THE PIPELINE AS A SERIOUS CONTENDER IN BIDDING FOR HPCL Ramesh Shrichand Damani : Somehow I have never liked ONGC. It doesn't deserve to be the largest market cap company. BASANTMAHESHWARI : I asked you about getting into Polaris in the backdrop of the bad news. Your take?? Ramesh Shrichand Damani : Information is too sketchy to make a call. However, it should be no more than a blip. priya : NIIT AT 180 and SSI AT 105 IS IT A GOOD TIME TO BUY- WILL THESE BOUNCE BACK TO 400++ Ramesh Shrichand Damani : I would buy NIIT at lower rates. Avoid SSI. nips : BEST PSU STOCK FOR 2-3 MONTH TERM? Ramesh Shrichand Damani : SBI. chaat : What according to you in long term Ramesh Shrichand Damani : Enough time for an event or a strategy to unfold. Eg divestment. murthy : how do see reliance stock is any possiblity of it going up upto 330+. I bought them a year back shall i keep them or sell them Ramesh Shrichand Damani : Prospects for RII are improving. Hold on. Dharmesh : , Dear Ramesh JiI want you to put following points to the companies during your TV interviewsA) Relpetroleum merger 11 :1 dont you think reliance has given the investors a fair amount of drubingB)Housing loan SOAPs: Do you think that the withdrawl of soaps for existing people who have already opted for Housing loans is Fair.Though the Fm has assured that he want do it.But lets say to day i want to opt for an HOUSING loan i am not sure that all the SOAPS will be there or not Ramesh Shrichand Damani : Tax policy is always subject to change world over. Capital gains, MAT varies year to year. Not fair, maybe but part and parcel of live. No opinion on merger ratio. SUNDEEP : whether we should hold,buy,sell HDFC Ramesh Shrichand Damani : Hold. kailashagal : tell me five best scrips which one should buy giving higher return as well as growth in A grade only Ramesh Shrichand Damani : Safety and growth don't occur together. Mostly, for safety look at something like Nestle. ravi : sir, I have a doubt, why cant the stock prices primarily be focussed on the company's performance. sometimes, we get to hear that an announcement/defferment of a decision, someone has cold has the stocks change the value. Ramesh Shrichand Damani : That is the ways of the markets. It will never change. SUNDEEP : IS THERE ANY POSSIBILTY IN NEAR PERIOD ABOUT THE MERGER OF HDFC WITH HDFC BANK Ramesh Shrichand Damani : No. Ahmedabadguys : Sir do you think that disinvestment story is now over?? Ramesh Shrichand Damani : I have given up on it. Just holding SBI and BEL mainly. ravi : the primary focus is to be on the company's performance, its ablity to pay back the loans, making profit etc Ramesh Shrichand Damani : Don't forget vision. ASH : ANY PENNY STOCKS - SOMETIME BE BENOVALENT SIR Ramesh Shrichand Damani : Sorry, none on my radar. SUNDEEP : AFTER THESE GREAT RESULTS IS THOMAS COOK WORTH BUYING Ramesh Shrichand Damani : I bought a small amount of it. Stronger rupee will mean more outbound results. shenoyv : Rameshbhai, do u think the current raly in TMT stocks is over? Ramesh Shrichand Damani : No, it should go higher. i have a trading position Sachin : I am new to stock exchaneg, I want to invest more in this area. Where can I get some basic knowledge about it? Ramesh Shrichand Damani : Read a book. One Up on Wall Street by Peter Lynch surf the netThanks all for joining. See you next week. bye |