'Old economy is in the limelight'
Ramesh S Damani sees opportunities in the IT-enabled sector, public sector undertakings, and some cement and power stocks for 2001.
The Ramesh S Damani chat will henceforth take place every Tuesday at 1600 IST instead of Wednesdays.
Mr Ramesh Damani (Tue Jan 2 101 2:22 IST)
Hello everybody thanks for joining in. Let's start
ram (Fri Dec 29 100 4:29 IST)
Hi can we buy IDBI shares
Mr Ramesh Damani (Tue Jan 2 101 2:23 IST)
ram - IDBI is no bargain when you factor the NPAs
big (Tue Jan 2 101 2:26 IST)
mr. damani what do u think of today's move in Reliance?
Mr Ramesh Damani (Tue Jan 2 101 2:26 IST)
BIG - old economy is in the limelight and Reliance is the barometer of the old economy
aman (Tue Jan 2 101 2:27 IST)
are old economy stocks back n the reckoning. are they attractive at the current levels. Suggest some good picks
Mr Ramesh Damani (Tue Jan 2 101 2:27 IST)
aman - look at cement and power and in some PSU's
jesal (Tue Jan 2 101 2:27 IST)
hi mr damani i am intrested in share so plz help how i can do online trading
Mr Ramesh Damani (Tue Jan 2 101 2:27 IST)
jesal - talk to ICICIdirect.com
vidya (Tue Jan 2 101 2:28 IST)
Happy New Year Mr Damani. What industries and stocks do you recommend for 2001?
Mr Ramesh Damani (Tue Jan 2 101 2:28 IST)
vidya - IT-enabled sector, PSU, and some ops in cement and power
big (Tue Jan 2 101 2:28 IST)
but, today's move in RIL was big and huge by any standards. I don't remember the stocks moving like what it did today
Mr Ramesh Damani (Tue Jan 2 101 2:29 IST)
big - it was big - but that is the way Reliance moves. It's par for that stock
Ramesh (Tue Jan 2 101 2:29 IST)
What Budget proposals Do u see to improve the market
Mr Ramesh Damani (Tue Jan 2 101 2:29 IST)
Ramesh - PSU Privatisation
rohit (Tue Jan 2 101 2:28 IST)
what do you think of Hughes software
Mr Ramesh Damani (Tue Jan 2 101 2:30 IST)
rohit - tech seems in some trouble
big (Tue Jan 2 101 2:30 IST)
can i buy into RIL now?
Mr Ramesh Damani (Tue Jan 2 101 2:31 IST)
big - you have to make that choice. I would trade in it not invest at current levels
aman (Tue Jan 2 101 2:31 IST)
what's ur expectations from Infosys for the December qtr?
Mr Ramesh Damani (Tue Jan 2 101 2:31 IST)
aman - Infy exp are around Rs 175 crore
big (Tue Jan 2 101 2:31 IST)
for trading where do u see the stock headed? is it for intra-settlement trade or a couple of settlements that the stock looks attractive from a trading perspective?
Mr Ramesh Damani (Tue Jan 2 101 2:32 IST)
big - this is a chat show not a hand holding. I can't help you on that
abcl (Tue Jan 2 101 2:33 IST)
have the economic fundamentals changed so drastically for the old economy stocks to be back in action or is it the usual run up before the Budget... so that again it can be sold off as soon as the Budget is over?
Mr Ramesh Damani (Tue Jan 2 101 2:34 IST)
abcl - value investing seems back in vogue. The old economy stocks will improve some and then retrace
mahesh (Tue Jan 2 101 2:35 IST)
hello. market ended on a very positive note today.
Mr Ramesh Damani (Tue Jan 2 101 2:36 IST)
mahesh - it made what technicians call a bar reversal. INFY made it 2 days ago. This is a bullish sign
prash (Tue Jan 2 101 2:36 IST)
who will make money this year -- traders or long term investors?
Mr Ramesh Damani (Tue Jan 2 101 2:37 IST)
prash - skilled people will
priya (Tue Jan 2 101 2:38 IST)
happy new year mr. Damani which stocks do u think are the best buys for this year?
Mr Ramesh Damani (Tue Jan 2 101 2:38 IST)
priya - the same too you. Take a look at Citicorp Sec, BEML, ABB for some new ideas
prash (Tue Jan 2 101 2:37 IST)
what skills will i need?
Mr Ramesh Damani (Tue Jan 2 101 2:39 IST)
prash - convictions, and ability to read crowd psychology
priya (Tue Jan 2 101 2:39 IST)
what's the story in these three stocks?
Mr Ramesh Damani (Tue Jan 2 101 2:40 IST)
priya - Citicorp - mkt leader in IT-enabled. BEML - 50,000 crore of roads to be built. ABB - Country needs power.
priya (Tue Jan 2 101 2:41 IST)
no cement picks? if Rs 50,000 crore of road has to be built?
Mr Ramesh Damani (Tue Jan 2 101 2:43 IST)
priya - I like Grasim.
krishna (Tue Jan 2 101 2:42 IST)
is it safe to keep/invest in badla? If yes, can you rate the safety in terms of % & how much money can be invested in badla supposing I have 50 lakhs in hand. tnx
Mr Ramesh Damani (Tue Jan 2 101 2:44 IST)
krishna - it is quite safe. you could keep 50% in badla. Insist on a contract and go to a good broker
rajeev (Tue Jan 2 101 2:42 IST)
hi ramesh would like to know about how DSQ Biotech will feature in next few months.
Mr Ramesh Damani (Tue Jan 2 101 2:44 IST)
rajeev - i am not a fan of this stock
mahesh (Tue Jan 2 101 2:45 IST)
as we see more and more dumping of goods from the Chinese markets we obviously have to be more cautious in investing into manufacturing companies in the long run. Your view
Mr Ramesh Damani (Tue Jan 2 101 2:45 IST)
mahesh - yes. Look for co's having a moat, or competitve advantage
abcl (Tue Jan 2 101 2:45 IST)
how will a global economic slowdown affect India? is it advisable to stay in stocks if that is the case?
Mr Ramesh Damani (Tue Jan 2 101 2:46 IST)
abcl - it's a tough decision to time the market. I don't see that threat at the current time
rajeev (Tue Jan 2 101 2:45 IST)
any idea on satyam and zee for next couple of months.
Mr Ramesh Damani (Tue Jan 2 101 2:46 IST)
rajeev - they will rally from time to time but are weak.
krishna (Tue Jan 2 101 2:46 IST)
dear Mr Damani, If I want to invest in some long term scrips (fundamently strong) which would fetch me good return, can you please name them some. thanks
Mr Ramesh Damani (Tue Jan 2 101 2:47 IST)
krisna - see earlier answers. But remember equity is a risky investment. You can lose money.
rajeev (Tue Jan 2 101 2:47 IST)
so what is the best rate to get out according to you
Mr Ramesh Damani (Tue Jan 2 101 2:48 IST)
rajeev - you are the better judge of that since I don't own the stock
abcl (Tue Jan 2 101 2:48 IST)
have we come out of the intermediate bear phase?
Mr Ramesh Damani (Tue Jan 2 101 2:49 IST)
abcl - looks like it
mahesh (Tue Jan 2 101 2:47 IST)
a couple of days back i read news of panacea biotech has applied for some 70-80 patents. looks exciting to me what do you think ?
Mr Ramesh Damani (Tue Jan 2 101 2:49 IST)
mahesh - i have started studying the company. Let's take a look at it
nam (Tue Jan 2 101 2:49 IST)
what's your view on mahindra & mahindra, is MBT an attractive buy in the IPO?
Mr Ramesh Damani (Tue Jan 2 101 2:50 IST)
nam - mbt looks good. Mah & Mah I am neutral on it Let's see the IPO price for MBT
abcl (Tue Jan 2 101 2:54 IST)
what impact will a bearish US market have on India? Will the upside potential for Indian markets be capped if that's the case?
Mr Ramesh Damani (Tue Jan 2 101 2:55 IST)
abcl - yes it would. Let's hope the Fed can engineer a soft landing
mahesh (Tue Jan 2 101 2:53 IST)
heard about the 4:30 to 7:30 trading on the OTCEI exchange. Well it's seems they just want people to trade the entire day
Mr Ramesh Damani (Tue Jan 2 101 2:55 IST)
mahesh - I think it's a bit excessive
Mr Ramesh Damani (Tue Jan 2 101 2:56 IST)
Thanks for joining in . See you next week. Bye
Money
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