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Home > Business > Stock Chat > Transcript
'Ambani issue: problem for the market'
November 23, 2004
joegranville : Ramesh, do u think UB Beer is getting dangerously high as p/e is now 300, but marketcap/sales ratio is still less than 1? Does latter make it still a good bet?
Ramesh S Damani : Hello everyone! Thanks for joining. Lets start. UB Beer should be valued at how beer cos are valued in China and elsewhere. This co is going to turnaround and it remains cheap on that basis. i own it
we : sir can we buy nagarjuna construction at current rates looking at the constrution boom
Ramesh S Damani : Not at these rates.
pradeepshah : Hi Ramesh. I respect your views and am quite eager to know what do you feel about the Ambani issue? Will the brothers bury the hatchet? Or will they wash dirty linen in public? And why have the markets reacted so gravely to the Reliance controversy?
Ramesh S Damani : It does create long-term problems. Who will the exec be loyal to. It is too early to tell.
pradeepshah : Sorry to bother you again on the Ambani issue, but I did not understand this: 'Who will the exec be loyal too.'
Ramesh S Damani : the senior executives, they will be loyal to which brother is the question.
selva : Ramesh sir, Can I buy godrej Indus at this level?
Ramesh S Damani : It does look cheap to me. i own it
we : sir can we buy geojit at current levels?
Ramesh S Damani : yes, it seems cheap and well managed
selva : sir, Opto Circuit performance. Kindly tell me
Ramesh S Damani : next year is the critical year for opto
we : sir are there chances of mcdowell running like UB or is it a 5-bagger
Ramesh S Damani : they should move in tandem
pawan : sir will SBI cross 600 in december ? any target for it ?
Ramesh S Damani : it should over time. I don't know if it will be December
tony : Are Swaraj Engine and Sundaram Finance still a good buy at these levels?
Ramesh S Damani : i would think so. they are attractive investments. i own it
warrentomorrow : Can we buy Thomas Cook at these levels from 1 yr perspective
Ramesh S Damani : they should be doing well
Sharad : Sir, Thanks for your views about VSNL. your views about market in next 3 months period?
Ramesh S Damani : i remain bullish
sureshbazi : sir your old favourite mukta arts is doing well now its recent movie Aitraaz is doing well and next movie kisna is ready to release next month. Subhash gai has started another 4 new projects, do u think this stock will do well. today it is closed at 70 and volume is heavy
Ramesh S Damani : i think it is a low risk investment. they should move up on product cycle in the next 6 months
selva : sir, what is the problem for opto circuit next year. Kindly tell me
Ramesh S Damani : no problem. Just scaling up with new products
baracuda : baracuda will be there at masterclass. hope to meet yu there and meet yu in the flesh a real dream come true!
Ramesh S Damani : that would be great. looking forward to seeing you
jksree : hello sir, thanks for your valuable advices bcos of which so many of us benefit. Sir, what do u feel about Hindalco? Do you think its highly priced to enter at these levels?
Ramesh S Damani : no view on hindalco at this time
we : sir can we buy crisil at current levels
Ramesh S Damani : yes, if you are a patient investor
tony : just one pick for 1 year and longer, what would the Damani pick be? I say the Damani pick cause all your picks have been multibaggers to say the least. Actually if all of us were to pay you even 10 percent of our profits , it would be millions. But a thanks is all we say.
Ramesh S Damani : i recently bought Balmer Lawrie around 140-150
warrentomorrow : How do you see Deccan Chronicle IPO. Should one apply?
Ramesh S Damani : i have not evaluated it yet
sree : sir nagarjuna fertilizer is buzzing and its on turnaround mode. ur call on this
Ramesh S Damani : fertiliser stocks are doing well
warrentomorrow : With markets soaring high, pls suggest any value picks for small investors like us.
Ramesh S Damani : balmer lawrie, and those with risk appetite i would sugest Tata TeleService Maharashtra. i own both
dxbnri : Sir have you tracking Gemini Communication, upper circuit from last two days, they are in to networking. any views with this company
Ramesh S Damani : no view
dominos : Good evening sir, Your view on these sahres please: Bayer Abs @109, Ccl Product @190, Amket Auto @185, Sci @174 & Genesys Int 24.45.Regards.
Ramesh S Damani : i dislike to comment on stock portfolios of others
sudipto : sir why balmer lawrie ? pl explain the strong points behind the pick
Ramesh S Damani : it is a PSU, strong value and cheap price, and business is doing well
Bookie : Ramesh-bhai, if the Indian cricket team were a stock, would you have invested in it?
Ramesh S Damani : Would have sold it short!
we : sir given a choice between geojit nagarjuna and crisil mcdowell, what can be bought at current rates, from a 1-year view
Ramesh S Damani : you have to learn to make choices. i have discussed the merits of the stocks at earlier times
moneybag : sir what are your views on pritish nandy. it seems stagnant at around seventy. with high promoters stake is it good long-term bet
Ramesh S Damani : it does
Dharmesh : Hello sir, Guj Amubuja Exports is undervalued stock, promoters are accumulating stocks for last six months (almost 10 lakhs shares have been bought from market, balance sheet is excellent, good book value, promoters are trying to keep low profile. Could you please share your expertise on the same. I had posted last week, hoping that you would reply. My cell no 9819037397. you could sms me if u can.
Ramesh S Damani : sorry, i dont follow it
sree : sir advance strategy on CNBC. does this really going to help and u r participating does this help small investor fee is high 15000 bucks
Ramesh S Damani : i think they try to do much, funda, technical, F&O. I would have preferred a pure fundamental class
VIKAS1 : NAVNEET PUBLICATION : U had shown your interest in the same and recently i read an article from one research house which has given Must buy for ones portfolio. What's so good about Navneet when we are holding Macmillan?
Ramesh S Damani : focus on domestic business, well run co
baracuda : will china revalue its yuan in that case doesn't india's textile sector be the single most beneficiary of the same
Ramesh S Damani : it helps
tony : Thanks in advance for the Damani tip, I assure you the volumes in Balmer tomorrow will be huge, not as huge as your heart , just to say we have tremendous respect for you who always takes out time for us and keeps giving us tips based on all your efforts.
Ramesh S Damani : remember these are investments for patient people
dominos : you recommended earlier Neucleus Software, SKF Bearing, VSNL. Can I buy at this level too? also provide advice on Infotech Enterprise. Market Rumor Is To Hit 250 In March 2005.
Ramesh S Damani : i have said earlier my view on the stock
VIKAS1 : ALEMBIC GLASS : Alemic group com with brand like YERA. Available at just 3 PE whereas others are 12=13 PE. Recommended by ana;lyst for at least 3 times appreciation from here.
Ramesh S Damani : it is looking postive, though i have not bought it
warrier : what is ur take on geometric software, being a niche player there seems to be a lot of steam left in this
Ramesh S Damani : i think so
warrentomorrow : Which Balmer Lawrie ...Balmer Lawri Vanleer or Balmer Lawrie Freigh?
Ramesh S Damani : balmer lawrie around 150
VIKAS1 : SWARAJ ENGINE. If u are bullish on SWARAJ does it mean Punjab Tractor is obvious choice as it makes engine for them secondly RJ has invested heavily in Punjab Tractor , also available at 52 week low. Is turnaround the corner
Ramesh S Damani : i am recommending swaraj engines at this point
KRR : Good Afternoon Sir. recently it has happened that every tuesday i have to thank you again and again as every week, some or other of your pics are touching skys.... Thanks :-) what should we do with mallya companies now... i have been holding around 25% of my portfolio in Mallya companies (i know it was risky, but i trusted your frustration) Mcdowell @ 46, UB @ 95 , Ub Holding @ 26 and recently bought shaw walles @115... do you advise conotinuation of holding... i can be as patient as you are :-)
Ramesh S Damani : you are patient. I am glad our views have been vindicated. i would hold on at the current time
jksree : sir, your views on Apollo Hospitals?
Ramesh S Damani : bullish
sanujkadavil : sir all the stocks which you discussing is moving sharply. especially liquor stocks. What's your strategy after the run up. no one is talking about liquor stocks today. i think most of them cant participate the rally
Ramesh S Damani : let's wait for the deal to be unlocked. sector is in spotlight
baracuda : early bird fee is 12500, which is at the first instance high but i want to ask all people who visit this chat, arent yu people willing to pay that much just to listen to ramesh damani, rakesh jj, and nilesh shah, now 15000 looks cheap isnt it?
Ramesh S Damani : thanks. it is a lot of money, and i would have been happier with a focussed class.
AnandBhatt : Hello Sir, How is Logix Nicro doing? Is it a hold or a buy? Do you still own it?
Ramesh S Damani : yes, they are doing well. last results were encouraging
moneybag : is balaji tele still a good long-term investment
Ramesh S Damani : yes
KRR : Sir, in case of stake sale, you earlier suggested/talked about pricing at 3 times annual turnover .... for Mcdowell it turns out to be Rs 1000 and for UB it works out to be around Rs 750.00. is this maths correct?? thanks :-)
Ramesh S Damani : it does, as i said previously look at the m-caps of Chinese, and other emerging market co. Look at Harbin Breweries.
sree : sir nucelus software is moving fast. can i buy at current levels
Ramesh S Damani : i remain bullish
Dharmesh : Thanks a lots, can you do me a favour, howz GE Shipping, i am holding stock from 120 levels.
Ramesh S Damani : i would book some profit
we : sir can we buy arvind products at current levels
Ramesh S Damani : i think so. i own it
dedhosiyar : sir, what do you think of Sundram Finance, 265.and EID Parry 370? These bluechips have not moved much relatively. . . .thanx!!!
Ramesh S Damani : my sense is that they will move
KRR : thanks for answering Sir.... Yes, i have been patient...and guess what? i myself am a CA... claiming to be an expert on markets in my circles.... i had advised so many ppl to buy mcdowell, which they did and now all are smiling... i am earning a good reputation (which actually belongs to you) apart from money ... thanks again :-)
Ramesh S Damani : Generally, i find if you get the logic right, market will respond. Get the logic right and have conviction and vision
VIKAS1 : SAUDI ARABIA : SIr, i requested u to meet me in MUMBAI if possible . I am in Mumbai for 2 more days. Can we meet at US club in COLABA . I gave my id as vik_deep@rediffmail.com
Ramesh S Damani : i really appreciate your effort. however it is hard for me to meet individual guests.
ak : Sir, I have been holding SKF Bearings. Since you trade in this stock, have you booked any profits lately?
Ramesh S Damani : i sold a small amount
sanujkadavil : sir, what's new in godrej industries, they have also good exposure in office security equipments like data line safe cabinets, fire alarm systems, timespan acess control systems etc, godrej should come with a demerging of its IT and BPO division soon. real unlocking of value
Ramesh S Damani : that is not a part of Godrej Ind
mansri : Sir, Goldiam Intl.is doing fine. Is it a hold at this time? Pl advise.
Ramesh S Damani : hold on. I have booked some profits
KRR : Sir, have you looked at a company called Arrow Coated Products... they are into packaging... a leading web site says there are only 3 such companies in the world and only one in India... and with the ppl starting to hate plastic, it could turn out to be a great bet... your views if you have looked at it... :-)
Ramesh S Damani : i'll try and take a look at it
Dharmesh : Thanks one more time. Thats great idea to book profit in GE Shipping, can i invest in Banco Products, I am long-term investor and don't like to trade. I don't mind holding for years if stock is gonna perform well.
Ramesh S Damani : you should look at Balmer Lawrie
VIKAS1 : UB Holdings : we understand MCDOWELL / UB BEER ., can u throw light on UBH as we dont want to happen the same as it did last year from 65 to 30. we have full / blind faith in u. can we still hold on and any exit point or with all group companies moving its valuation is also increasing and difficult to exit
Ramesh S Damani : you need to look at the b/s. Market cap of single holding is greater than m cap of UB Holdings
kushkatakia : Good Afternoon Sir, Balmer Lawri's annual report shows a good portion of its revenues coming from Tour's & Travels business, are you, aware under which brand it operates
Ramesh S Damani : balmer and Lawrie
AnandBhatt : Sir, are you still holding on to KSB pumps, Syngenta recommended by you at 100 and 200.Those were great calls. Simply superb.
Ramesh S Damani : pretty much
sudipto : Sir can we buy godrej industries at this price? thanks
Ramesh S Damani : i think it still has value. thanks all for joining. See you next week. Bye
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