|
Home > Business > Stock Chat > Transcript
'Over 5000 is bull market'
August 18, 2004
Ramesh S Damani : Hello everyone thanks for joining. Nice to see you all after two weeks.
samerer : sunadarm finance..dunnoo...volume is so pathetic...y would we buy that stock?
Ramesh S Damani : This is not for those who like to trade. It is a good candidate for hold and keep.
ipolover : Mr damani-- is it worth to apply in the new ipo coming named crew bros@35?
Ramesh S Damani : I am not following it.
JoeGranville : ramesh,i know u have been suggesting textile stocks in ur charts???just want 2-3 textile stock which u look good to u post 2005,who can leverage the opporunity which will be there post 2005?thanks
Ramesh S Damani : They have had a good run up. I recently added Raymond.
HiRDamni : A BASIC QUETION ABT UR COMPOUNDING LOGIC--- IF I HAVE INVESTMNT IN 5 STCOKS AND TOTAL PORTFOLIO OF 1 LAKH RUPEE AND IF I GAIN 20% IN ONE YEAR.... THEN ACCODING TO UR COMPOUNDING LOGIC , I SHOULD INVEST 1 LAKH 20 THOUSAND RUPEES IN THE NEXT YEAR BUT THE POINT IS THAT I WUD STILL LIKE TO INVEST I THE SAME 5 TOCKS WHICH I HELD EARLIER .... THEN HOW D I REALISE THE MONEY... IT SEMS I M MISSING SMETHING HERE .. CAN U PLEASE ELABORATE? THANKS IN ADVANCE
Ramesh S Damani : It's not about investing new money. Your Rs 100,000 should become Rs 120,000 at end of year 1, and then should grow 20% on 1.20 and become 1.44 next year the growth should beon 1.44.
mnb : i have 500 tata telecom (140) now its 295 whats your advice hold or sell please reply it
Ramesh S Damani : I would hold on.
JoeGranville : ramesh, ur view on tata elxsi in lieu of their quaterly results??r ustill in it for a long term???thanks
Ramesh S Damani : Yes, the co has a chance of becoming a reat growth stock. I own it.
Sunan : HI, GOOD EVENING,WE KNOW ABT UR CORE PORTFOLIO CONSISTING OF BEL/CMC/MCDOWEL/SUN FIN /TATA ELXSI.BUT IS SBI ALSO PART OF UR CORE HOLDINGS?FURTHER PLEASE SUGGEST ABT THIS --- I HAVE RECENTLY ADDED MORE AT 450 FOR LONG TERM INVESTMENT AND I KNOW THAT IT IS UR FAV. BAK AS FAR AS PUBLIC BANKS ARE CONCERNED BUT I JUST WANTED TO KNOW IF U STILL FAVOUR THS BANK OF U HAVE CHANGED UR OPINION LATELY?
Ramesh S Damani : It is but I have recently sold some. I was too overweight
Sunan : TATA ELXSI --- DO U FEEL IT CAN BE UPTO 5 TIMES ITS CURRENT VALUATIONS IN 2-3 YEARS TIMEFRAME?ANOTHER Q RELATED TO THIS STOCK WAS THAT IF THE RUPEE IS GOING TO APPECIATE TO Rs 35 /$ IN 2 YEARS( I WAS LOOKING AT UR CHAT TRANSCRPTS) , THEN IT SHUD BE THE MOST HIT SECTOR AND THEN UR BULLISHNESS OVER TATA ELXSI SEEMS UN JUSTIFIED?
Ramesh S Damani : It would change the dynamics of investment no doubt. However forecasting big picture macro events is a bit dangerous. I did say what you quoted then and it is a real risk. However, Indians should get some rate gains if the Rs appreciated so much. I own it.
JoeGranville : ramesh one request..i hope it is feasible...i saw ur present in investors summit in mumbai reagading the bull market based on joe gravnville theory?can i get that powerpont presentation???thanks
Ramesh S Damani : Send a mail to Moneycontrol or your email ID to me.
Sunan : Balaji telefilms -- ur call for this one seems correct after all... whatz the reason for itz extraordinary movemet... is it going to be taken ver by star tv.
Ramesh S Damani : That is the rumour i dont know if its true.
Amit1 : Mr. Damani, 2 weeks absense was long for us , do go more time today
Ramesh S Damani : Sure, I was on holiday and then a analyst meet.
HiRDamni : I WAS GOING THRO UR CHAT TRANSCRIPTS -- AT OE PLACE U HAVE SAID IT IS A POSSIBLE GOLDMINE AND AT ANOTHER PLACCE U HAVE SAID THA ITZ NOT WORTH ONE S CORE PORTFOLIO BCOS ITZ TOO SPECULATIVE .... I GUESS I M MISSING SOMETHING HERE.THANKS
Ramesh S Damani : Which script???
ashish : sir, After seeing the result of OPTO CIRCUIT and its track record. It is another multibagger. Will u advice this script as core holding at current price of Rs 57.Whether u will recommend investment at current price.
Ramesh S Damani : Not a core holding but a small bet.
Amit1 : MCDOWELL : there was news that Shaw wallace and UB have settled all dispute , we thought that now Mcdowell will not stop. Is herbertson problem still not over ,if not do u expect soon and thus mcdowell becoming great buy
Ramesh S Damani : Cross your fingers no one can tell if the worst is over.
mnb : can u tell at what price one should exit from tata telecom (roughly idea) or u think it has the potential to go upto 500
Ramesh S Damani : It does.
ashish : Sir , After looking the Ist Quarter results of Logic Micro having NP of 60 lacs and added 17 new customer inhis kitty. whether u will advice further investment in Micro logic at current price of Rs 20
Ramesh S Damani : It is too small a cap to take too seriously.
Amit1 : MCMILLAN : Has come out with good result, was it as per expectation and what u expect full year. looks like 40-45 EPS by 2006 and thus should quote around 600. Am i right but then why its not catching investors / FII's attention
Ramesh S Damani : They seem to be on track and I am hopeful. I own it.
Sunan : UNITD BREWERIES OR UBH -- WHICH ONE IS A TRADING BET AND WHICH ONE IS WORTH INVESTMENT FOR LONG TERM... THANKS IN ADVANCE SIR
Ramesh S Damani : United Brewery is long-term bet.
HiRDamni : U HAVE SAID EARLIER ABT MACMILLAN THAT IT IS GOING TO BE SENSEX UNDERPERFORMER FOR 1-2 QUARTERS ... PLEASE TELL ME IF THAT STILL HOLD TRUE... SHOULD WE ADD MORE OF IT?
Ramesh S Damani : It seems getting ready to move.
Amit1 : Tata Elxsi : Do u think it has multi bagger potential in 2-3 yrs time but valuation point of view its not cheap . Todays rate is around 20 PE with current EPS and with 8or 9 it is at 14-15 PE. Does it deserves more or u think EPS will be amazing going forward
Ramesh S Damani : Growth stocks always command a premium. Let's hope it can grow at strong rates.
ashish : sir, Please give new ideas and new scripts for investment keeping time horizon of 1 to 2 years
Ramesh S Damani : No new idea.
nriinv1 : Hello Mr. Damani, recent chats I did not participate, but I did notice in your transcipts, Mcdowells is not your core holdings now. Any comments
Ramesh S Damani : It is I can't list everything.
Amit1 : Sunadaram Finance : Has come out with flat result stand alone. Dont know about consolidated result. Is it double candidate in 2 yrs time
Ramesh S Damani : I think it is.
abcd : sir whats ur view on shree cement, graphite and HEg??
Ramesh S Damani : They all look good investment to me. I own graphite.
Amit1 : Logix : Want to know your opinion after Q1 as u said first ray of good turnaround is expected in Q1 . Do u get some idea, are they on track
Ramesh S Damani : Yes, they seem to be on track, however it is a small cap and thins can go wrong.
Amit1 : CREST Communication : There are lot of articles coming on ANimation BPO and Indias strength in it. Is it great buy or still not out of woods though management claims they have USD 10 m coontract in Hand. How is PADMALAYA we are still waiting for your views .
Ramesh S Damani : Aimation is a good area and these are good ideas. However start with a small exposure and follow them. Tata Elexsi makes more sense.
nriinv1 : Thanks, so Mr. Damani also in your previous chats you sounded not very bullish. Whats you call say be end of 2004.
Ramesh S Damani : I always worry.
Amit1 : UB Holding : Please advise on the same as it is moving down only . Is it good investment pcik
Ramesh S Damani : Good value but when it will be unlocked I don't know. They own10% of Aventis Pharma.
Sunan : SIR, WHAT WILL BE THE IMPACT OF FINANCE BILL WHICH IS GOING TO COME IN SEPTEMBER ON THE MARKET....BULLISH OR BEARISH?WHAT STRATEGY SHUD WE ADOPT KEEPING IN MIND THAT BILL
Ramesh S Damani : I am bullish on it, however we might see some selling in the initial days.
Amit1 : Your value stocks are great but they are not moving thats the fact . Look at GOLDIAM and GODREJ , what do u advise about these 2 at this point
Ramesh S Damani : If i could make them move at will I would be retired in France. Investment is an art and a slow process.
Sunan : WHAT IS THE CURENT PRICE OF UNITED BREWERIS WHICH U RECOMMEND AS LONG TERM BET? I AM STILL CONFUSED ABT THE 3 STCOKS WHICH ALOST HAVE THE SAME NAME..THANKS IN ADVANCE
Ramesh S Damani : United Breweries - beer co, United Breweries Holdings- investment and real estate co, Mcdowell- white spirits.
ashish : Sir, Keeing the increase in crude prices at international market and inflation in india and also investment of FII like CALIPER in indian stock. whether we are in bull run or in bear phase . Please advice advice as i holding all my investment as per adcice since January 2004
Ramesh S Damani : Over 5000 I would say bull market.
nriinv1 : Mr. Damani, have you been following this company pentamedia graphics. It seems Mayajaal entertainmnet has property of 100 crores in prime area in chennai. Share swap with penta is 6:10 of mayajaal shares. Do you think it is worth picking up Penta just for Mayajaal. Your comments
Ramesh S Damani : I don't follow penta.
HiRDamni : IS BALAJI TELEFILMS STILL A HOLD FOR U SIR.. OR SHOULD WE BOOK SOME PROFITS IN IT?
Ramesh S Damani : Lets see what news come, I would hold it.
HiRDamni : CAN VIJAYA ALLAYA WASTE AL IS MONEY IN HIS NEW AIRLINES VENTURE... SHUDN'T WE BE MORE CIRCUMSPECT WHILE INVESTING IN MCDOWELL..THIS GUY IS INDEED DANGEROUS.
Ramesh S Damani : He is but that is why we are finding value.
vikas1 : I ahve no exposure in TEXTILE . Which one u recommend at this price as most of them have gone up. How about Banswara syntex small market cap and good growth or ALOK textile
Ramesh S Damani : Nothing new.
nriinv1 : Mr. Damani news in international markets are such that if oil hit 50 dollar per barrel consistelntly, we are in for a depression next year. whats your assesment. Saudi says they what 25-30 as the price, but somehow the price is not coming down.
Ramesh S Damani : It is bad news.
vikas1 : You always say to buy BEST and the WORST stock in rising sector then if TATA ELSXI is good and PENTA the worst why dont we but PENTA
Ramesh S Damani : I don't recommend Penta.
Sunan : SIR ... SHOUD WE WAIT FOR THE DIP ONCE FINANCE BILL IS PROPOSED? IS IT A GOOD IDEA?
Ramesh S Damani : You can try it
nriinv1 : Mr. Damani coming to Mcdowells, how can we make sure that Malyaa does not waste Mcdowell money on this new airlines of his?
Ramesh S Damani : we cant
HiRDamni : TILL WHEN SHOULD WE WAIT FOR MCDOWELL FOR UNLOCK ITS VALUE...3YEARS/4 YARS... AFTER ALL AT ONE POINT , ONE WUD INDEED THRO THE TOWEL AND SAY THAT NOTHING CAN BE DONE OF THIS STCOK... DO U HAVE SOME TIME FRAME IN MIND
Ramesh S Damani : I have answered all I can about Mcdowell. You decide yourselves.
nn : Does KSB Pumps have potential to go up further or is it time to sell and get out ?
Ramesh S Damani : I would hold on.
Amit1 : Thru your last 2-3 chat and even till today it looks u are highly bullish on TATA ELSXI . Do u think as multi bagger going forward or if we get double we should exit
Ramesh S Damani : That is the hope.
vikas1 : MAZDA : Has come out withd ecent result and some 13 cr. confirmed order in hand. Good bet at 18
Ramesh S Damani : Yes
HiRDamni : PLEASE SUGGEST SOMETHING ABT NELCO SIR... U HAVE RECOMMENDED IT ALONG WITH A BASKET OF OTHER STOCKS LIKE LOGIX ETC BUT NELCO HAS BEEN MOVED TO T2T SEGMENT..... DO U SEE SOMETHING IN IT?
Ramesh S Damani : Sorry, no new news.
vikas1 : Lot of analyst advise mid cap pharma including RJ why u dont have any esxposure or can u advise any one looking attractive at this point
Ramesh S Damani : They have had a huge run up -- IPCA, Lupin -- so I am being careful.
aju : HI, Can you please let us know if HDFC BANK shares should be holded for sometime or sold. Bought @371. What is the period I should hold
Ramesh S Damani : It is an expensive stock. However its fundamnetals are good and I would hold on for now. Thanks and see you next week. Bye.
|
|
|