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Home > Business > Stock Chat > Transcript
'Crest is a bit speculative'
September 15, 2004
toratora : Your advice on Balaji Tele. At 96 can we pick up?
Ramesh S Damani : I remain bullish on it.
radha : Sir Godrej Ind. has reported loss in first quarter due to maintance and forex. But why the interest burden was up drastically. Can we expect PAT of 50 cr. in coming 9 months, and can we expect the debt to go down as the plant is in full swing now?
Ramesh S Damani : My sense is that the first quarter was the worst. Next 3 quarters should be better. Look at its investment schedule.
WHATSTHEREINANAME : iS MIDCAP REALLY IS OVER, LAST 3 DAYS IT IS NOT MOVING
Ramesh S Damani : Hello everyone thanks for joining. Let's start. Remember stocks can't go up everyday.
sharekhan : sir, i have got IDBI Ltd for 80.00.since it will be merge with IDBI Bank in october is there any possibility of flying high.around 200 by 6 months
Ramesh S Damani : I can't make predictions.
toratora : Any idea about OPTO CIRCUIT? worth buying? I read an artivle in Business India few months back as they are doing well.
Ramesh S Damani : It's a good company. I still own some. They are doing well and paying good dividends.
WHATSSTHEREINANAME : ONE IMPORTANT QUESTION ?? WHICH WEBSITE IS MORE TRUSTWORTHY cAPITALMARKET.COM , MONEYCONTROL, ECONOMICTIMES , MYIRIS ETC
Ramesh S Damani : Always verify what anyone tells you.
S Bhatt : Sir out of the following BPO (may be not yet pure BPO) companies, which is likely to be the Next E-serve as per your knolwdge and devlopment plans of the companies Macmillan, HTMT, Caroborundium, Ultramarine, Tata Elelxi ????
Ramesh S Damani : I own all of them, but I like MacMillan and Tata Elxsi the most.
Kriparam : Dear Sir A lot is heard about MID CAP stocks these days.I want to know from you that what is limit of market cap by a stock is defined as midcap or large cap.
Ramesh S Damani : Definitaion is very loose. Anything around 5000-1000 crs would be a midcap.
lmn : Sir i have found out that UBH has shares worth Rs. 417 cr. (mainly 10% of Aventis pharma and 42% of Mc. Dowll) and property worth Rs. 130 cr. So assets are worth Rs. 550 cr. app. and debt is of Rs. 307 cr. and equity is 22 cr. So the real value should be 550-3072.2 that is app. Rs. 110 per share. So i think it should easily go to Rs.65. What is ur valuable opinion on it. Can we make a fresh purchase at this level and r there any assets which i have not covered?
Ramesh S Damani : Lot of other stocks like Mangalore Chem, UB Beer and Asian Age and the like. What Mallya does to unlock value however is unclear.
sanujkadavil : SIRMcDowell price is rising with huge volumes inrecent three weeks. Actually Aussie based 23$billion PLATINUM funds were accumulating their holding. Now they are holding 5.75% in Mc, According to their announcement to NSE. They bought it for their PLATINUM INTERNATIOAL BRANDS FUND, it consists over 60 global brands including Coke and McDonalds. IE Mcdowells is a one of top 50 brands in the world. But here things are going the same way; Mallya is not waking up from his sleep. But the history has taught us that every sleep has an end. We have to wait till it happens (Iam remembering the KUMBAKARNA's SLEEP in the RAMAYANA
Ramesh S Damani : Amen to that.
vikas 2 : VST Tiller : At 56 is it a good buy for trading . when u say trading bet means u keep it for few qtrs
Ramesh S Damani : I buy and sell it taking advantage of price moves.
ab : has BSE started with weekly options ? how are the volumes ??
Ramesh S Damani : They started with 35 crs yesterday.
DigitalChocolate : ramesh, i ahd asked u a list of books sometime back and u have given a list of 5 books???but u always mention a list of ten books??i am intresting n knowing the remaning 5 books???thanks for all the books u suggested...i am currently read piece of action , u had sugeested meearlier?
Ramesh S Damani : I think it is in one of my previous chats. I will post it again next week. 10 books.
baracuda : what is your view on the sugar industry it appears from yesterdays interview with marc faber that he is also bullish on global sugar prices as a commodity do yu like dhampur sugars
Ramesh S Damani : Indian sugar industry is controlled by the government, hence it is not clear what will happen to profits.
sanujkadavil : SirWhat's your call on four soft at current price? Reliance mutual fund holds over 1%and uti tech fund holds over 12%. What types of business foursoft doing. They have cash at B/L . what did you senn specially in FOURSOFT. would you buy the stock at these level
Ramesh S Damani : Logistics business, good management but no clear growth strategy yet.
lmn : Sir, kindly let us know the consolidated net profit of Sundaram finance for 1st quarter. The profit from financing businesswas 14 cr. I want to know the profits of its various subsidiaries. What kind of EPS we can expect for current yr. on consolidated basis. My judgement is 37. Is it correct
Ramesh S Damani : I am not sure they published consolidated results.
moneycontrol : Sir, I am watching the movements of Tata Elexsi. I bough at 124 sold at 153, Now I want to buy again. Can I wait for sometime of pick-up at 145-147. I don't want to go for a long term investment for 12months.
Ramesh S Damani : I don't advice on trading strategies every day.
vavkumar : Mr. Ramesh, what about FDC, whether we can purchase this share for long term investment.
Ramesh S Damani : They are doing well so hold on.
WHATSSTHEREINANAME : MY IDEAS PLEASE COMMENTS ON THISbALLARPUR, DABUR INDIA ,KSB PUM, DCM SHRIRAM .. ARE REALLY DARK HORSES PLEASE REPLY ON THIS,WITH LOTS OF RESPECT AND A GREAT THANKS
Ramesh S Damani : I own and like KSB and Dabur.
SUDHIR : SIR FROM LAST2-3 WEEKS MACMILLAN IS NOT MOVING .YOU SAID IN YOUR PREVIOUS CHAT THAT IT SHOULD ERUPT. BUT IT HAD REMAINED STAGNANT
Ramesh S Damani : Unfortunately the marekt does not listen to me.
sanujkadavil : SirHave you looked zenith computers ltd. Market cap looks so cheap. It was a 12% dividend paying company till 2001. At 280cr sales they are making only 5cr profit. At 15cr equity @20 Rs price market cap is too small 30cr. I think they have good Market share in low priced PC segment. Recently they have forayed in to LAPTOPS and entering to African markets to catch the fast growing market. What's your call on zenith? Sir
Ramesh S Damani : Good company in terms of computers but does not deliver for shareholders.
kvg : SIRRRRRRRRRRR , HAVE U RECOMMENED TORRENT CABLES FOR INVESTMENT OR TRADING . IF IT IS FOR TRADING IT HAS NOT CROSSED 200 DMA . WHAT DO U FEEL
Ramesh S Damani : Trading
Jughead : Mr.Damani, Four Soft had volumes of over 2 million on NSE last week on a single day and close to 1 million on the same day on BSE. Is there some new development in the company?
Ramesh S Damani : I have not heard about it.
WHATSSTHEREINANAME : I APPRECIATE UR RECOMMENDATIONS OF TORRENT CABLES AND KSB PUMP.. I DIDNOT INVEST BUT WAS DEFINATELY WATCHING, U HAVE A RIGTH VISION IN KSB PUMP, BUT MONSOON FAILURE WAS A MORE BOON TO IT WHAT U SAY
Ramesh S Damani : I bought it around 95, which is a bargain price. Also look at Swaraj engines. I own both.
malik67 : In textile stock you have recommended SHREE RAJ TEXCHEM at Rs 7 . What is the rational behind recommendation. Does there product is superior, or the management is good and they are expected to perform well in future.Please throw some light on the stock.Does it still worth investment at Rs 7. Please comment
Ramesh S Damani : Market cap is under 10 crs and at that price it is attractive.
tabu : i have e-serve shares .i have not tendered in buy back offer. ican wait till the new tax policy announced. will it be traded till then or delisted. please guide me.
Ramesh S Damani : I don't have any clarity on the timelines at this time.
vikas3 : Financial Tech : U said in earlier chat to keep an eye on this if commodity market picks up/. Volumes in commodity excahnge soaring, is it great bet ?
Ramesh S Damani : It is looking up. I am planning to buy a small amount.
Bhatt Sharad : Sir, Do you provide your servies (as an investment advisory) to any MF or other such funds or fro PMS services???
Ramesh S Damani : No
WHATSSTHEREINANAME : DAMANI JUST A WILD GUESS ANY PREJUDICE U HAVE WITH BALLARPUR OR CAN U JST GUIDE ME BECUASE I HAVE INVESTED A LOT IN IT
Ramesh S Damani : Do not follow it , sorry.
baracuda : have yu read THINK AND GROW RICHby napoleon hill
Ramesh S Damani : Many times.
mansri : Sir, KALE CONSULTANTS – did you read their Annual Report? It looks like a mini Infosys is in the making! Do you agree? Pl comment.
Ramesh S Damani : That is being too optimistic however at 40 it is a good risk and reward ratio.
WHATSSTHEREINANAME : DAMANI IF UR LITTLE FREE TO ANSWER MY QUESTION WHAT VOLUMES DOES PLAY ANY ROLE IN JUDGING A PARTICULAR STOCK PRICE FOR TRADING
Ramesh S Damani : Very important. Generally volume preceedes price action.
vikas3 : U have so many core and trading holding. everyone cant buy all those shares. could u please list only 5 of your best which we are ready to keep for 1 yr or more point of view
Ramesh S Damani : MacMillan, Tata Elxsi, Sundaram Finance
malik67 : Sir, As you said and every one fear that that there will be heavy selling in the begining of Oct 04. What should be the strategy for small investors. whether to book profit and came out of the market or remain invested. please advice
Ramesh S Damani : I find it hard to time the market, I may just ride the wave.
baracuda : have yu added tricom to your portfoio they appear to do some high end bpoand at a market cap of160odd crs is it not attractve
Ramesh S Damani : They do low-end BPO. Very low but decent company. I think they are looking to raise money, Market cap is less then 160 crs.
ssree : sir what do u say about bridge water report promising on consumer goods and lesson tech sector
Ramesh S Damani : Have not read the report.
SUDHIR : SIR PREVIOUSLY U USED TO RECOMMEND SUVEN & KREBS A LOT BUT NOW IT SEEMS U HAVE LOST TRACK ON BOTH . ANY INVESTMENT CALL ON THESE
Ramesh S Damani : I still own Suven. I am out of Kreb.
me : Sir Mc. Dowell us accumulated by plantium asset management. They already have 4.75% stake in the company. What is this plantium Asset management?
Ramesh S Damani : Australian fund.
Jughead : Mr.Damani, why have you read Napolean Hill's book so many times? Ek baar mein samajh mein naheen aata kya? :)
Ramesh S Damani : Nahin
punekar : Sir, My friend working in KPIT Cummins says his company is growing left right and centre what should we read from this and translate this into profit for us? He is at a good position
Ramesh S Damani : Stock has been doing well.
vikas3 : Swaraj engine and VST both are good buys or if we have to select one which will u prefer
Ramesh S Damani : Swaraj is the better company.
sanujkadavil : SirWhat's your view on GEOJIT after Rakesh's Acquisition, Iam trading through Geojit? They have strong network across Kerala. In My opinion they are very accurate and transparent in any manner. (Delivery and payouts etc) and has good network all over India. I think because of their low equity cap (8cr), gives lot of investment opportunities in long term, are you holding Geojit? Would you buy it at 90 levels? How is the Geojit future looks? If Mr.jhunjhunwala changes his day trading to Geojit it will propel the turnover in very much.
Ramesh S Damani : I think RKJ has made a shrewd bet. However don't count on his volumes it is a good retail play.
matahari : isTHINK AND GROW RICH some sort of an inspiration to yu whenever your investement decsicion fails is it a bible
Ramesh S Damani : No I read it when I was in college. It left a imprssion on me on how to think.
HASMUKHS : DEAR SIR DID YOU GET A CHANNCE TO FURTHER PROBE INTO BALANCE SHEET OF TITANOR COMP AND HAVE FORMERD ANY FIRM OPINION ON IT ???
Ramesh S Damani : Sorry, no opinion, though my friends are recommneding it.
WHATSSTHEREINANAME : WHAT SHREE RAJ TEXCHEM IS INTO
Ramesh S Damani : Textiles
vikas3 : TATA ELXSI : Is it true that broker say it can even touch 400 in days to come as animation is going to become big.
Ramesh S Damani : Too premature to make such calls.
vikas3 : CREST : Have u sold or still keeping. can we buy at current rate as it looks to be muted because of t2t. Good buy or shall we change to elxsi
Ramesh S Damani : Crest is a bit speculative and difficult to predict over next fewquarters. however animation will be a big business in India
WHATSSTHEREINANAME : CAN ONE BUY SWARAJ AT 290 OR IT IS TOO LATE WAS NOT THE RIGHT TIME FOR IT WAS 240 OR SOMETHING,, CAN I TRADE IN IT IS A GOOD TRADE BAT ??
Ramesh S Damani : It is still attractive
sureshkumar : sir at what age u started investing in stocks
Ramesh S Damani : Mid 20's. Thanks all for joining and see you next week. Bye
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