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Home > Business > Stock Chat > Transcript
'Healthcare sector holds promise'
August 24, 2004
joegravinelle : ramesh, how do precieve the health care sector in india??already in US,they call it a WELLNESS industry and estimate it to be around 42 trillion??can u have any pics in this sector ????thanks
Ramesh S Damani : The sector has long term promise. In health care the best player is Apollo Hospials. I own it.
pawan : hello sir, today tata elxi is Rs. 137. what upside or down side do you now ? sir any target
Ramesh S Damani : I sold a small quantity in my trading account today. However, I would retain it in my investment account.
pawan : sir, tisco is currentyl trading st 247.60 ( current time : 03:10: pm) dt. 24/8/2004. will this stock cross rs 275 in near term. the md of tisco said that they will not increase the price till march 2005. what will the impact on this stock ?
Ramesh S Damani : Don't worry, PE is still too small to worry about it.
pawan : sir what is your view on sintex industries ? it has gone up 100 % from rs 101 to rs 205. sir waht is the price target for it ?
Ramesh S Damani : No price target, the company is doing well.
pawan : sir godrej soaps is trading at rs 46 with very low volume of 4672 shares (time 03:15: pm). sir will this stock touch rs 75 or above ? is this the right time to buy this stock ?
Ramesh S Damani : It is a good value at this point. It is a value stock hence activity is low at this time. I own it.
pawan : sir, this is a very important question. sir should we buy the stock which has good volumes when it is rising ? what does it indicate ? will the stock will go up in near future ? sir then why bharti is currently trading at rs 135.60 while few days back there was a block deal of 6.3 million shares @ rs 155
Ramesh S Damani : You buy a stock when you are convinced about its fundamentals. Volume, price are imp for technicians. Bharti may be going for a major correction.
bhavyadelhi : hello damani uncle. can you please give me 5 good stocks so that i can earn atleast rs 1 lac by investing rs 3 lac till december. i require money to gift a bike to my younger brother with my saving of rs 3 lac
Ramesh S Damani : I occasionally recommend stocks in this coloum keep reading.
bhavyadelhi : uncle, i want to make a carrer in stock market ? sir i am currently a graduate & in business. please suggest me the right thing
Ramesh S Damani : Start by reading 3 hrs a day.
minakshi : hello sir. i am a female of age 26. last year i had invested rs 5 lacs & earned 3 lac net. but this year i was shoked on may 17 with loss of 1.75 lac. now i want to re-enter. please give me the best stocks of your.....please reply sir
Ramesh S Damani : Please read my coloums, nothing new today.
minakshi : sir what is the core thing to remember while investing in stock market ?
Ramesh S Damani : Conviction.
pawanagarwal : hello sir. sir should we trade in nifty futures? isnt it good? sir at level should we enter at this time
Ramesh S Damani : Trade if that is your career otherwise avoid it.
tatabirla : What books would you recommend for a novice who wants to invest in the stock market? Are there any India-specific books too?
Ramesh S Damani : 'One up on Wall St' by Peter Lynch.
jk : Dear Ramesh, TCS will list tomorrow. Any guesses as to how high (or low) will it go? What's your take?
Ramesh S Damani : My sense is that it will list well and have a good future.
pointer : Shri Damani-ji, with global oil prices rising, which oil scrips would you recommend from a long term perspective?
Ramesh S Damani : Maybe HOEC or some small refineries. I own HOEC.
pawanagarwal : sir i want to make a carrer in stoick market. how can i do it
Ramesh S Damani : Start by reading a lot.
vikas : TVS E : After recent development do u think it has become good buy at 60
Ramesh S Damani : It looks like value around Rs 60.
naman : sir what is your target for the market in september? will it be near 5300 or 4800 levels
Ramesh S Damani : I am hoping 5300.
chetanshah : is there any value to be found in karur vysya for l-t investors? it seems very fairly valued in comparison to other banks.
Ramesh S Damani : It looks good value to me.
paragthakkar : sir what is your opinion on Gillette & Trent do you hold it?
Ramesh S Damani : Yes I would hold, I own them.
naman : sir, which sector or sectors you think are going to perform well in near time & vice versa ? please reply sir.....
Ramesh S Damani : IT , ITeS and FMCG.
chetanshah : what is your call on infrastucture sector? still room for upside in s-t? ivrcl, hcc, nagarjuna - all have had a good run, would you recommend buying at current levels?
Ramesh S Damani : They should do well over time. My sense is that stock picking is hard. So buy a baket of companies.
venkat : i have purchased mcdowell-n at rs.125/- at an average rate in the yuear 2001 shall i hold or sell ?
Ramesh S Damani : I would.
amardelhi : sir how can we trust that Mr. Ramesh Damani is answring our questions ? sir please..
Ramesh S Damani : You just have to believe.
chetanshah : the 2 ipo twins - petronet & ptc. hould one hold or sell at these levels?
Ramesh S Damani : I would hold on.
Shrinivas : I entered the markets when they were 6000 levels. How long should I wait so that I can reap some benefits??
Ramesh S Damani : It's hard to figure out the time frame.
chetanshah : i have 500 ranbaxy - is it a hold or do u reco switch to some other mid-cap?
Ramesh S Damani : I think they will do well.
amardelhi : sir i believe in you with my closed eye. sir please give me at least 2 good stocks to invest
Ramesh S Damani : Thanks, but learn to develop your own convcrtion. I have no new ideas to share, the last ideas were Tata Elxsi and Godrej Industries.
Shailendra : Sir, please give me your view about sugar sector especially about dhampur sugar which is trading at 41 right now, does sugar shares go up near diwali. also give me your views on GTB what will happen after it get delisted
Ramesh S Damani : GTB is worth zero. Sugar shares are having a good year.
Kiran : Ramesh,I am not understnading the reaosn that why our favourite stock SBI is falling like anything. Please let us know what could be the reasons?
Ramesh S Damani : International rates are rising, and no privatisation.
mavrick : hi..I am blonde..I am HOT...now that ive got ur attention...FMCG...godrej...n IT..TCS n wipro...would this be a good bet?
Ramesh S Damani : Good try. These are different companies and you cannot compare.
ash : Is the Balaji Star merger a positive for shareholders
Ramesh S Damani : Yes, I think so.
venkat : is there any news regarding merger of herbertsons & mcdowell-n?
Ramesh S Damani : No.
grg : what is the long term outlook for HLL? Is it good to buy now?
Ramesh S Damani : I started buying some quantity.
Naseer : Can u tell what will be the premium of Tcs on listing day
Ramesh S Damani : I have no idea.
Ashish : Hi, what's your take on Tisco, Telco, & Satyam, Wipro? Would be grateful if you indicate in terms of good or bad, as i have shortlisted these for a small portfolio I plan.
Ramesh S Damani : I like Tisco and Wipro among the four mentioned.
senthilkumar : sir where do u see media stock ndtv after there new set of programmes and advertisement revenues going up?
Ramesh S Damani : It has a good future no doubt.
mavrick : thank you Mr damani...its the 1st time uve replied to me..in 100 chat sessions:-DI meant..in FMCG..can i go for godrej ind..and in IT..wipro and TCS?
Ramesh S Damani : That for you to decide but I like the two.
Newbieatstock : The volumes in Ub Holdings recently have shot up, however the price keeps slowly drifing, anything you know of thats going on in that counter ?
Ramesh S Damani : I hear a mutual fund wants out.
RANI : Sir how do u rate ROLTA
Ramesh S Damani : Avoid.
kapil : is itc hotels going to merge with itc
Ramesh S Damani : Yes
Newbieatstock : sir rectnly ive started buying some HLL i think it about this price its quite cheap to be held over a period of 3-5 years i think people are simply ignoring it, insiders have started buying as well, its obviously a decent time to get some in our porftoios , your views ?
Ramesh S Damani : I agree.
ashbags : Sir, do you track a stock by the name Micro Inks (formerly Hindustan Inks) ? If yes, any call on the same ?
Ramesh S Damani : I own some, generally positive.
amit : DLINK : Was one of your favourite. has come down from 235 to 112 . what was the reason. can we buy it now
Ramesh S Damani : It has come down sharply, however, growth may be slowing.
Kiran : One more confusing stock for me is Dr.Reddy lab's...this is also falling and their results are also very very poor, is it right time to grab this Reddy labs?
Ramesh S Damani : I am keeping an eye on it.
baracuda : do yu feel helios and mathesson is a good investment once upon atime yu were studying it
Ramesh S Damani : Did not come to a conclusion.
sanujkadavil : sirinvestors in ub holding taking lots of pain. why the stock not getting any support. what are the risk in investing in ub holdings. iam fearing some kinds of merge?
Ramesh S Damani : These things happen and that is why you need conviction. Aban Lloyd was a 50 buck stock, today it is close to 1000.
Newbieatstock : sir balaji what impact do you see this having, do you think it could have some conflict on thier programs as start is a competitor to sony (or is that too crude to say)
Ramesh S Damani : Star business will tend to fall but the company must have huge plans for them to make a strategic investment.
chetanshah : would you recommend buying anything now? or should one wait for the tax benefits to be implemented
Ramesh S Damani : That would apply to selling.
Newbieatstock : sir tata elxsi i find it quite strange/irrational that the stock would go up just because somepeople think it could be merged with tcs, am sure there's some other reason , the stock on a whole along with some other ites stocks have completely been ignored, macmillan started making new highs recently lets see how it does.
Ramesh S Damani : I don't think it is going up for that. As I have said growth is picking up and the company is doing well.
manishkolkatta : sir from what time to what time you are in rediff ?
Ramesh S Damani : Usually from 4 to 4.45 on Tuesdays, today I will leave early, I also started early.
venkat : today i have purchased 1000 shares of ultracemco at an average prices of rs.272/- shall i hold or book loss as some analysts are saying the scrip is over price what is your view?
Ramesh S Damani : No view at the current time on it.
malik : Sir,just now you said that u are bullish on FMGC . What are stock u will recommed. Whether HLL is good buy at current prices
Ramesh S Damani : HLL, Colgate and Castrol (in MNC).
rushi : sir what is your view on Dabur , pidillite at current price level.
Ramesh S Damani : They are both good companies. I recently bought dabur.
sanujkadavil : siragro tech doing well in last two weeks. how is looking at these levels. TODAY UBS study says india-china combined purchasing power will overtake US in 20 years. so we are going to a consumer boom ovver the years. i think ATFL is a good bet
Ramesh S Damani : Yes it is, poor earnings though but it should do well over time.
amit : UB H : I have been asking for long , we dont have any idea about its inherent value , is it a multibagger (3-4 times ) whenever value is unlocked.
Ramesh S Damani : I think so.
HiRDamani : HELLO SIR , ARE YOU GOING TO TENDER UR SHARES OF BALAJI? WHAT IS THE STRATEGY SHOULD WE APPLY?THANKS IN ADVANCE
Ramesh S Damani : Have not thought but would like to hold it.
nriinv : Mr. Damani dont you think Warren Buffet should be looking at HLL. He ususally buys these type of companies.
Ramesh S Damani : He maybe.
sanujkadavil : sir you talked about godrej as unique company. unique means unequal. but as mgmt not keen on shareholder value. i think becoz of low float no mutul fund or FII,s not looking it
Ramesh S Damani : No unique means different not unequal. Go through its balance sheet you will enjoy it.
manishkolkatta : sir cant u be online in rediff on saturday also ? it will help us a lot ? you are our investment guru sir.
Ramesh S Damani : maybe in the future
amit : HOW COME U ARE SO EARLY MR. DAMANI . WE HAVE JUST JOINED HOPE U WILL SPEND TIME WITH US AS USUAL FOR NEXT 30 MIN.
Ramesh S Damani : I need to leave early today.
KiranShah : Sir can we buy Macmillan at current levels of 320?
Ramesh S Damani : Looks ready for a move past 350. I own it.
varunesh : Just curious ;why of all days Tuesdays?Friday evening would make more sense as U could review the past week and forecast the coming one ?Or maybe Monday 0930 to 1000 if it isn't too early?
Ramesh S Damani : I like to party on Fridays. Morning my focus is elsewhere.
ashbags : Rameshji, do you track a stock called Micro Inks (formerly Hindustan Inks). If yes , any call on the same ?
Ramesh S Damani : Bullish.
amit : SUNDARAM FIN. : WIth every fall becoming great buy or something wrong there
Ramesh S Damani : The company is doing fine. Thanks all for joining. See you next week. Bye.
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