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Home > Business > Stock Chat > Transcript
'Shankaracharya's arrest may hit markets'
November 16, 2004
Rajesh : Mr Damani, how do you view Bala ji tele after Nov 16? are you still holding on it.
Ramesh S Damani : Hello everyone. Happy Diwali and a prosperous New Year. Yes, I am bullish. I still own it.
longterm : ahtis your opinion about igarashimotors which hasa pending orderstop 6 aotmotive firms of the world for aroend 350 million orders to be executed over next five years.in automotive industry it is always acustomary they will line up for next three to five yearsor evn 7yearsahtis your opinion about igarashimotors which hasa pending orderstop 6 aotmotive firms of the world for aroend 350 million orders to be executed over next five years.in automotive industry it is always acustomary they will line up for next three to five yearsor evn 7years
Ramesh S Damani : It is a stock to watch. I have bought a small quantity and trying to follow it.
tony : Sir , Fisrt of all Wishing you a happy betlated Diwali . we needed some smart advisors on CNBC and you did not give us your picks there , all in all CNBC had a flop show . Whats a Diwali special without Ramesh Damani.Please give us one pick which we can hold for a year
Ramesh S Damani : Thanks. These are the 4 stocks I recommended around Diwali -- VSNL, Tata Tea, Nucleus Software and Searaj Engines.
vatsal : sir wish u very happy and prosperous new year and pray to god that the new year will brings lot of colours in ur life. sir i have not find ur diwali pick so sir what is that? and sir u told me last time that hold j l morrison so thank u very much and what is the news in j l morrison?
Ramesh S Damani : No news that i know of. It had a good day today
adpatelji : sir plz give us stocks that have been consistently given dividends of above 6% returns on investments.Thks.
Ramesh S Damani : Lot of stocks in the past. Currently maybe swaraj engines.
adpatelji : sir have u heard of a company called PATEL ENGINEERING,into construction and the stock seem to showing a new high every day for the past one month (atleast).Is it being manuplated or the stock is worth that much?
Ramesh S Damani : Sorry, I do not follow it.
channdani : sir HOW MANY STOCKS ARE U HOLDING BECAUSE SEVERAL STOCKS U MENTION U SAY THAT U ARE HOLDING OR RECENTLY BOUGHT???/
Ramesh S Damani : I own a lot of stocks.
andy : Sir - need your guidance. 40% invested into Lupin (small investor) - should I hold or sell at this level? All the readings give me mixed or confused signals – They say it is doing well but as its promoters were in bad books there is need for caution. Please help!
Ramesh S Damani : I can't guide on individual purchase/sell decision.
mansri : SBI remains the cheapest stock in the large caps. The stock trades at a P/E multiple of 5.5 times of its FY05 estimated earnings of Rs.90 (consolidated could be anywhere between 120-125). It seems all negatives like rise in interest rates etc are factored in the price. But the positives like economic uptrend in the country, consolidation, planned overseas acquisitions, more FII inflows (definitely they like to own this stock when the FII cap is removed) have yet to be factored in. Why then the domestic funds/investors are not bullish on this stock? Am I missing something? Pl comment. Thanks!
Ramesh S Damani : It will be patient. Unfortunately FIIs cannot buy it. If they could then the stock could be much higher.
ak : Ramesh, within technology, which areas do you think have a bright future - RFID, broadband, animation? Your picks in these niche areas.
Ramesh S Damani : I think all 3 are promising including.
ahmedabadguy : Mr. damani thank god after 3 years long wait finally Gati has shown good prise rise thogh volumes are still on the lower side.can you cinfirm the ratio and prise band for the praposed right issue and advise to go for the rights. what is your expected prise levels the stock can acheive in this bull run???
Ramesh S Damani : Look at the value of Blue Dart. I have no idea about the rights issue.
SUDHIR : sir what about datamatics. is it comparable with macmillan. out of the 2 which one or both would you suggest for investment
Ramesh S Damani : I prefer Macmillan (I own it). I would buy datamatics at lower levels.
mariasharapova : due to a shortage of coal coal india is exavating more a direct beneficiary of this will be beml it also has an order to execute 6 pontoon bridges for the army at a cost of 60crs each,the rail carriage div is growing although metro rail contrbutes only 1% of turnover,so at a market cap of 900 crs are yu still bullish
Ramesh S Damani : I am. However, I had sold some shares in BEML earlier.
vatsal : sir i want ur advise on three good shares godfray phillips agrotech food and one recently i bought matsushita lakhanpal which has 90 rs cash per share sir advise me bt that three companies please
Ramesh S Damani : They are all good companies for investors. I own the first 2. Lakhanpal I will take a look at.
ahmedabadguy : Rameshji banco products have also started showing upward prise movement though volumes are still very law....still a very much hold?
Ramesh S Damani : I think so.
pawan_delhi : sir ntpc was down today ? do you think this stock can go upto 20 % from current levels ? sir which is good neyvilli lignite or ntpc ?
Ramesh S Damani : It could, but it seems well priced in the mid 70's.
SUDHIR : sir price of godfrey philip are constant for the last 2 yrs i am following it has div yield but what about growth
Ramesh S Damani : These things don't move lik early. When the time comes it will double in 2 months. Look at UB Beer for instance.
housewife : Let me give a last try.Is torrent cables a hold and can I have ur views on surana telecom and Venus remedies
Ramesh S Damani : Torrent - yes, the rest I don't know.
BombayMan : RAMESH: MAY GOD BLESS YOU FOR ALL THE EFFORT ON EDUCATING INVESTORS AND FOR ALSO SUGGESTING UNDERVALUED COMPANIES WITH A MARGIN OF SAFETY
Ramesh S Damani : Thanks, did you attend my recent class?
sanujkadavil : sirsirwhats your call on advanced micronic device. whats difernt between opto and advance micro. opto holds 60% in advance micro. do you think advance micro has the same potential like opto.
Ramesh S Damani : Opto is the better co. Advanced Micro is still an immature stock.
BombayMan : I SPOKE AND GOT TO KNOW THAT NELCO HAS DELAYED GOVERNMENT ORDERS WHICH COULD BE A PROBLEM. HOWEVER, IM WILLING TO WAIT 3-4 QUARTERS. WHAT IN YOUR OPINION IS POSITIVE ABOUT THIS COMPANY AND HOW ARE ITS PROSPECTS FOR NEXT YEAR?
Ramesh S Damani : It is a struggle but I would hold on.
pawan_delhi : sir which sector will be in the lime light pre-budget ?
Ramesh S Damani : Maybe capital expenditure.
DeepakM : Mr. Damani , whats your latest view on Shri Raj Tex
Ramesh S Damani : Generally optimistic.
KRR : Sir, this is for you and the REDIFF GUYS here.... maybe they could come up with a space on they site where they upload the literature (like slide shows etc) provided by you... that way those who cant attend your classes or lectures can get the advantage of your knowledge apart from discussion here... thanks :-)
Ramesh S Damani : That is up to them. It is a good idea. Maybe you can email them.
sanujkadavll : sirdid you watch the movements in champagmne indage. stock moved over 35% in last 4 days. board okays preferntial allotment for expanding existing and neww beer business. i think yhis a difernt company , you have no other choice in wine industry. i think heay investors like reliance capital or RJ should look the opprtunity. ones the grover and sula,s come to markets with ipo,s VALUATION SHOULD CHANGE
Ramesh S Damani : It is a good niche idea.
DeepakM : Mr Damani, How can investors in Delhi have the benefit of your classes ?
Ramesh S Damani : Maybe BSE will hold a session in Delhi.
pawan_delhi : , sir how to rule over share markets ? i want to become your student... how can i get in touch with you... please reply sir
Ramesh S Damani : This is the best place to get in touch.
aka : ramesh, please answer this, its only a follow up to my previous question. can VSNL,crest,Elxsi,Tata Infotech and nucleus be bought at the current prices?
Ramesh S Damani : That is for you to decide. I don't tell people what to do.
Nagendra : Ramesh some time back I remember you talking about Bayer ABS. Do you think this stock worth looking at again?
Ramesh S Damani : You tell me, any new news.
sanujkadavll : SIRWHAT happened to TRENT. any news on the counter. stock up sharply. they are catching with pantalloons in valuations . would you buy the pantaloon and trent stock at 500 levels
Ramesh S Damani : No, but trent has seen some FII buying.
pawan_delhi : thank you very much for your reply...sir your view on tata tele & essar oil ?
Ramesh S Damani : Tata Tele I would start buying and watching. On Essar I have no view.
pawan_delhi : will shankaracharya issue lead to fall in market for some time ? pleae comment ?
Ramesh S Damani : It does have political overtones so it could disrupt the market.
ahmedabadguy : sir I visited Rajasthan this Diwali vacation and saw all leading hotels crowded with foreign and wealthy indian tourist at the high room rates..From current levels any of the hotel stocks looks compellingly undervalue to you?
Ramesh S Damani : Maybe Asian Hotels.
andy : Sir Please - Is pharma worth waiting for in this market?From 6000 to where - are u still bullish from here on ???In fact it would be good if rediff could have all questions posted before 4.00 so that we do not have to repeat them to catch your attention - i suppose our repetation must be very annoying
Ramesh S Damani : Like I said, I answer questions of broad interest or those that interest me, or those that I have some knowledge that I can add to.
KRR : Sir AGAIN, Very Happy New Year...... UB, UB Holding, Tata Elexi, Godrej, Mcdowell, Banco.... Diwali Crackers..... wooohooo.... Many thanks on behalf of everyone here and those who have benefitted by your guidance... Now, I have something to say... you do give us new ideas time and again and we too make handsome return on it... what i suggest is that could you discuss your ideas at depth here... I/We can study numbers and a little bit about industry but now a days there are lot many factors that require consideration... thanks :-)
Ramesh S Damani : Studying the market is an independent process. You must stick to your views. It cannot be studied well by consensus.
sanujkadavll : sirwhats your call on pantaloon industries. same management. supplying to panaloons only. so no pricing power. have you looked the stock
Ramesh S Damani : No i hav'nt.
KRR : Sir, I understand UB Holding is liquidating its investments in Bayer Cropscinece.... do you think they could participate in open offer of Aventis particularly when they want cash for their Airline business? thanks :-)
Ramesh S Damani : Good chance.
sanujkadavll : sirhave you ever talked to mallya about mcdoweel and UB about unlocking value. he sold bayer for 35cr. and putting it in airlines. why no FII,S questioning him.
Ramesh S Damani : I don't pretend to be able to influence Mallya, if we could the co would have much higher prices.
amit : sir whats ur call on panchmahal cement?
Ramesh S Damani : No view. Thanks for joining. See you next week. Bye.
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