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'Pharma, ITES are on a good run'Mumbai, January 16, 2003: 'Individual stocks are moving well. Pharma has potential. I am optimistic,' says Ramesh Shrichand Damani.sd : Hi sir ,there is absolute dullness around.the mkt seems to be the least fascinating place, no specific sector ,no great scrip...its testing our nerves.how do u see it ...a lull before the storm or otherwise? Ramesh S Damani : Hello everyone. Thanks for joining. Let's start. It is the lull before the storm. Individual stocks are moving well. Pharma, ITES are in a good run. I am optimistic. aks : how do you see banking and pharma for 2003 Ramesh S Damani : Pharma offers a lot of potential. Banking I am trading. I own SBI, which is a good investment. SUNDEEP : MEDIA SECTOR FOR YEAR 2003, ANY PARTICULAR FAVOURITE OF YOURS Ramesh S Damani : The sector has potential, though I am not sure it will be realisedin 2003. SUNDEEP : TATA TELECOM & APOLLO TYRES AT THESE PRICES Ramesh S Damani : Tata Telecom looks interesting. Apollo is having a good year. aks : can we enter Iflex at these time for wait for year result Ramesh S Damani : It's generally better to wait after results. However, counter could be running ahead. I own some. Siva : Good afternoon Sir, What should our take on mastek after analysing its results ? Ramesh S Damani : Mastek had a blow out quarter and good guidance. However, I find better value in the market. I still have concerns over management. SUNDEEP : YOUR CHOICE OF TATA HONEYWELL WAS GREAT , IT IS RUNNING AT THE BOURSES, FINE ANALYSIS Ramesh S Damani : Thanks. poly : mcdowel is testing our patience. your comments pl. Ramesh S Damani : It certainly is. However, remember PSU stocks in 2000-2001. Once triggers happen, it will unlock value. You have to hold the course. I own it. SUNDEEP : ANY IDEA ABOUT MUKAT ARTS AT THESE PRICES Ramesh S Damani : Nothing exciting in terms of newsflow. rajesh : Sir, yr opinion on ultramarine? it is moved from 67 to 78 levels . are you bullish on it? Ramesh S Damani : It is a small cap stock with a growing IT-enabled business. Around Rs 70-80 it is a good buy for retail investors. nikhil : what is your call on second rung tech like HTMT,TVSelect,rolta,gtl Ramesh S Damani : I like and own HTMT and TVSE. SUNDEEP : IS BREWERIES NOT MOVING DUE TO CONSOLIDATION IN THE SECTOR WHICH IS TAKING PLACE Ramesh S Damani : They need to start producing results. Siva : Sir, how much upside and within what timeframe can be seen in canara bank? If so, can one enter into it purely on fundamentals? Ramesh S Damani : The sector is in demand, so hold on for a while. aks : sir, I have some holding in HPCL should I wait for anything on disinvestment side or sell it Ramesh S Damani : I would hold on. poly : your views on infotech enterprises Ramesh S Damani : Buy in current correction. It is a good bet. rajesh : How you compare IT enabled stocks like e-serve, geometric, tatahoneywill, tata infoteck? which stocks you are more bullish? pl answer. Ramesh S Damani : I like all of them, particularly E-serve and Tata Honewyell. Geometric and Tata Infotek are doing well. I own all. nikhil : u have recommended some books in past chat can u please tell me the store name from where i can purchase these books as this books are not available Ramesh S Damani : Try Strand book store in Fort or order from amazon.com (itis costly for shipping) narayan : ur chat is resceduled for wednesday its temporary or permanent Ramesh S Damani : It is temporary. I had two appointments on Tuesday, which could not be changed. narayan : what do u think of cmc result this quarter which is to be held on 30th Ramesh S Damani : The counter is in brilliant form. I have no idea about results though. Siva : Sir, Iflex is skyrocketing day by day. Your view on the stock price please. Ramesh S Damani : The company is doing well, though expensive. Hold on. SUNDEEP : YOU HAVE RIGHTLY PREDICTED FOR TATA HONEYWELL AND SBI , ANY SCRIP OF THIS NATURE, WHICH HAVE A SOUND INVESTMENT POTENTIAL Ramesh S Damani : I don't know when it will move, but Mcdowell offers low risk and high returns. Siva : My view on Iflex is that may be some insider trading should be taking place. Am I wrong Sir? Ramesh S Damani : Why would you say that? Anand : Sir, it seems that you r very much bullish on Sbi from last 6 months than any other smaller cap like Andhra bank but Actually Andhra has got almost doubled & Sbi is only up by around 20% ..... so can we see more upside in SBI ? Ramesh S Damani : That is correct. I still mantain SBI is the best bet in the sector. On bad days, volume and interest in the small caps will evaporate. rajesh : Sir have the numbers of geometric in line with yr expectation. are you disappointed with thelir guidance? Ramesh S Damani : A bit below my expectation. However, you need to give young companies some slack. ] guptaone : inview of us-iraq war tensions, any fall is expected in markets?in a panic situation which is the only one scrip u recommend & at what level? Ramesh S Damani : That is hard to say. Some scripts will fall more, some less. Have not made up my point. Typically buy large caps because they will rebound first. AnandBhatt : Sir,whats the latest news on EServe.CAn one buy at current levels or are you worried about growth? Ramesh S Damani : I would wait for this quarter results. My sense is growth will start from the next quarter. Things are getting into place. poly : in one of the news paper column there is a lot of talk about global tele'yr. adice please Ramesh S Damani : Because of past problems, I am not enthusiastic about it. SUNDEEP : , APART FROM MC DOWELL CAN WE INVEST IN RADICO KHAITAN , SHAW WALLACE OR JAGATJIT Ramesh S Damani : I prefer Mcdowell as a proxyfor the sector. Radico Khaitan looks promising. suresh : What would be your value picks for the next one year, Sir? Ramesh S Damani : Try United Breweries holdings around Rs 30. It is good value, but may take 1-2 years to unlock. jagesh : can i sell my Dr reddy shares or should i wait for some more time Ramesh S Damani : I remain bullish on it. BRAMA : What will be the position of India as we can see China is Pushing up IT sector ? Ramesh S Damani : We have an advantage and we should retain it. sanjayrelhan : Dear Ramesh, I want to ask you one question what is the criteria how share prices fluctuates in mintutes, what is the procedure to calculate the price of a share Ramesh S Damani : Price is not calculated. It is determined by demand and supply in the short-run. In the long-run, by performance , profits and expectations. vandematharam : Sir, Did you heard bout Kerala Global Investors meet? Can GIM change kerala industry? Ramesh S Damani : It helps a lot. You need to be on the radar screen. They should develop the ITES industry,. hrithik : Ranbaxy or Dr. Reddy which one would you choose. Ramesh S Damani : Dr Reddy. suresh : Do you think Disinvestment in Petroleum Sector would go through? Ramesh S Damani : Yes, but with struggle. Sonu : Hello Mr.Damani, Pls tell when will our Stock Markets become Insensitive to Political weather changes ? Ramesh S Damani : They are connected. That relationship won't change. pleashelp : hello Ramesh Sir,I would Like To Ask You Whether Should I hold Pentamedia software shares which are of 20.85 today i have 500 of them shoulkd i hold thm? Ramesh S Damani : I am not enthsiastic about it. Padmini : Sir, I am planning to buy stocks in the Pharma sector....which are good buys at this point of time Ramesh S Damani : Dr Reddy in the large caps; IPCA, Suven in the small caps. I recently bought some Krebs. kishan : Mr.Ramesh do you have any idea on the stock prices in Europe ? Ramesh S Damani : Not really. Mainly in USA. Siva : Sir, does any hype element added to IT enabled and BPO services in the long run. How much potential these two services have in your view ? Ramesh S Damani : I believe they can transform the country in terms of jobs and opportunities. abcdl : Mr. DAMANI, PLEASE COMMENT ON TATA CHEMICALS, RAYMOND, THOMAS COOK & MCDOWELL. Ramesh S Damani : Thomas Cook and Mcdowell I like and own. Raymond seen cheap. No view on Tata Chem. sridhar : Heritage foods has gained 30% after you suggested not to get into the stock. now it is quoting at year high 44. Today's news in ET that Smikked milk prices has gone up by 45% is really a good news for Heritage foods and This is a good scrip with good past record also... what do you say sir...?????? Ramesh S Damani : Stocks dont go up or down because I do or don't recommend them. If you have conviction, by all means buy them. oio : Ucal fuel & It & T,ppplzz rameshjii 5th time Ramesh S Damani : UCAL Fuel looks okay. Earnings are strong. IT&T, I am getting apprehensive about, even though I own it. hrithik : To gain confidence of the retail investor, specially in low interest rates, we need some transperencey in the market and not some syndicates deciding the prices. Your comments. Ramesh S Damani : Buy stocks with your own conviction. Stop listeneing to daily tips and rumours. That would make life easier for you. mihir : hello Mr Ramesh. What do u say about G.E Shipping Ramesh S Damani : Good value buy. investorman : RAMESHJI, PLS TELL ME IF I SHOULD INVEST IN UNITED BREWERIES OR IN MCDOWELL FOR DECENT RETURNS ? Ramesh S Damani : Both are cheap, but risk reward favours Mcdowell. I own both. kishan : Mr.Ramesh after very good year ending results how are the SAP stocks going to do in the US ? Ramesh S Damani : They have given positive guidance. SUNDEEP : IPCA LAB SHOULD WE BUY HOLD OR SELL AT THESE PRICES , YOU HAVE RECOMMENDED ARROUND 150 LEVELS. Ramesh S Damani : I would hold on. rajesh : Sir, are you optimistin on quarterly results of e-serve? one should wait for correction or buy at current levels Ramesh S Damani : I think growth will resume from the fourth quarter. This should be a solid quarter, but not great. khabri : rumour are about Rs 15 per shares cash divident in mtnl plz confirm sir?? Ramesh S Damani : It could happen. They have the cash. pleashelp : so which share are u enthuastic in in the range of 15-20 Ramesh S Damani : Try MAN Industries around Rs 23, which I recently bought. nikhils : Mr. Damani, why do you think Hughes Software isn't doing so well inspite of the backing of such a huge parent company and assured business from it? It was ranked among top indian IT companies when it arrived on the scene. Ramesh S Damani : It is a good question. Clearly, they are mismanaged. However, given the parentage, we should give them a second chance. Ravishankar : At what levels do you expect Canara Banlk to stabilize ? Is it likely to go up further ? Ramesh S Damani : They are on a roll. However, you could book profits as it goes higher. These stocks will run out of steam. guptaone : , rameshji, is united brew proposed convertable debentures r worth investing? Ramesh S Damani : I am waiting for the details. AnandBhatt : Sir Please answer,any idea why CONCOR has dropped so much from 270 to 225 in the last 2 weeks.BEL on the other hand is going great guns.ANy idea why? Ramesh S Damani : BEL has got an order with BEML to produce the bofors gun. That is the rumour going around it. chinni : sir what is your openion about j&k bank? Ramesh S Damani : Good results and good dividend. However, these stocks are never going to get a price earning. sagars : damaniji, please tell how is satyam and hpcl looks at these prices? Ramesh S Damani : Satyam is not a favourite of mine. HPCL is good hopefully. It will be divested. hemant : sir culd u pl focus on infy after the sudden fall it is rebouncing where it will stand will there be any threat to indian market concernng war between america n iraq Ramesh S Damani : Ofcourse there is. If a chem, bio war breaks out, it would cause huge problems. Infy is rebounding because we are in a bullish phase of the market. Administrator : User bigbull has been frozen out of the chatroom. nandini : 5TH TIME : HOW IS INFOTECH , AFTEK , POLARIS -- PLEASE Ramesh S Damani : I would avoid Aftek, the other two look better. I own Infotech. AnandBhatt : SIR,I OWN BEL BOUGHT AT 150 AND CONCOR AT 250.CONCOR HAS BEEN FALLING OFLATE.SHOULD I EXIT?PLS ADVISE. Ramesh S Damani : I would hold on to Concor at these rates. udh : Sir, Please tell us at least 2 software cum bpo cimpany's which are looking very attractive at the current prices? Ramesh S Damani : E-serve and Tata Honeywell, I own both. After results, take a look at Tata Infotech. Kunal : Sir, Can you please tell about the prospects of Ray Ban. Why is the stock falling now after a recent run? Ramesh S Damani : SEBI hearing is around March. Wait till then. Muni` : Once Again, please reply....which are your fav. shares in current situation? PLZ REPLY Ramesh S Damani : I can't answer this question every time. Look at the transcripts. md : sir,last week you said mcdowell is risky. what risk?????????????? Ramesh S Damani : Earninngs are still spotty. sagars : damaniji, please tell whether reliance is really degraded or its a buying oppurtunity looking into huge reserves of gas and acreage they have for oil mining? pl advice level to buy the stock? Ramesh S Damani : This is a large and complicated company and cannot be anwered in the short- run. I am optimistic on it over then next six months. I own a small trading position. udh : Sir,Please tell us at least 2 stocks which will grow up by at lest 10 times in next 3 - 5 years.? Thanks. Ramesh S Damani : Mcdowell is in the league of possibility, ITES shares also. rki : does gati at 32 with a mcap of around 25 crores offer a great value buy? Ramesh S Damani : Yes it does, I own it. nikhil : what is the time target for holding mcdowell and what can be the downside in the stock Ramesh S Damani : 2-3 years. sagars : damaniji, last time you said you would advice on buying after looking into infosys results, so please tell us what to buy and when to buy? Ramesh S Damani : At current rates, I am not putting a buy on it. Risk rewards are balanced. Better for FIs, FIIs. tharwani : Damaniji, Please advise me on Adani Exposrt ltd. whether to buy or hold my earlier holding purchased at Rs. 300 Ramesh S Damani : I am not enthsisastic about it. SAMER : HELLO SIR;I HAVE BOUGHT 1400 ISSUES OF UNION BANK@Rs16.00 I WATED TO KNOW WILL THERE BE ANY FUTURE PROFITS ON UNION BANK ,AND HOW AND WHEN WILL THE DIVIDEND OCCUR Ramesh S Damani : Results have been good, so hold on. ali : man industries At NSEis around 7 i mean Ramesh S Damani : Around 23. narayan singhi : samir arora is very bullish on htmt in cnbc what do u thunk Ramesh S Damani : I am bullish on it at the current time. narayan singhi : tell me the scope of max in long term Ramesh S Damani : They are in good business, ITES, insurance,health care. Payoff is a few years away though. thaparmanish : Sir, I again ask you... I have purchased infosys at 5100Rs. per share. Shall I keep it or sell it ??? Ramesh S Damani : I would be tempted to sell it if you have a six month view. rajesh : Sir earlier you said htmt is not cheap stock. is there any change in fundamentals of the co. Ramesh S Damani : The cable access bill approval is a boon to the compnay. udh : Sir, 90% of the analysts like Satyam, 90% of the FII's & MF's own maximum of Satyam, most of the small investors like me also have lot of Satyam. You seem to be having some reservations on Satyam. Please advice? Thanks Ramesh S Damani : That is correct. Promoter keeps selling his stake and I don't think they have the power of Infosys. wizgal : Mr.Damani-yr. opinion on Tata Infotech.Should I invest at these levels ? Ramesh S Damani : Buy a small amount and then after third quarter results, we will take a fresh look. ranjeet : dear sir,I am ranjeet holding vst industries what are your view on vst?i have vst ltd shares and i do need to talk to you about vst. i need your mail address to address the issue.your view on vst industires Ramesh S Damani : I am bullish about the prospects. It is cheap. This is the best forum to talk to me. wizgal : Sir yr. opinion on Tata Honeywell.Should I book profit or hold on ? Ramesh S Damani : I have been bullish. If you are happy with your profits, book it. Thanks all for joining. See you next Tuesday. |