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'Tech stocks will benefit from a soft Budget'Ramesh S Damani is bullish about the IT revolution and continues to like the the top-rung software services companies. Naga : hello sir naga2 : how will tech stocks be in the days to come? Ramesh S. Damani : They will benefit from a soft budget compared to the real economy abhay : what do you think of digital? Ramesh S. Damani : Best among the second line stocks. However we must watch the growth rate carefully over 2-3 Qtrs anilwawa : Mr. Damani will stocks like Silverline ever recover? Ramesh S. Damani : Looks doubtful naga2 : How about Sterlite Optical? After profit warning from its US counterparts.....the stock is tumbling....will it revive? how is the growth prospect for this company? Ramesh S. Damani : It is unlikely to get a huge multiple. I wuould trade in it at this point anilwawa : What are rediff's chances of repeating its fantastic nasdaq ipo on a local exchange Ramesh S. Damani : Not too hot. Dot com stocks are in trouble anilwawa : That's surprising since Silverline was featured in Business India's coverage of hi-tech Asia as a company with very strong prospects? Ramesh S. Damani : Don't believe everything you read tutu : do you expect the old economy stocks to appreciate from current levels? Ramesh S. Damani : Yes if in cement, power etc sumedht : how about satayam & silverline Ramesh S. Damani : Satyam and Siverline are not on my buy list Roy : Hows this stock called VJIL Consulting for a buy? Ramesh S. Damani : Small co's like that are going to get ignored. They must be doing something special naga2 : Despite a very good quarter with a 250% net up, Moser-Baer is slumping? Is it a good stock to hold? Ramesh S. Damani : I would hold it at current levels roshan : how about reliance petro Ramesh S. Damani : It has a market cap of 28000cr or $7.5 billion US Dollars. It's not cheap Roy : Is NIIT a good buy at 1500? Ramesh S. Damani : I like it at current levels prab : do you expect the market to lose its bottom beyond budget Ramesh S. Damani : too early to tell Milind : what do you say about himachal? Ramesh S. Damani : Not excited by it sandeepKhurana : Why is auto Industry doing so bad Ramesh S. Damani : Poor sales. Economy is still sluggish chella : how about hll Ramesh S. Damani : Let's wait for the results sandeepKhurana : What Industries will do well in the current year or perhaps post budget Ramesh S. Damani : IT- enabled becuase of telecom and IT revolution. Power. Roy : What r the sops for software industry u r expecting in the budget ? Ramesh S. Damani : Leave them alone prab : Is the wave 5 of reaction C extending into a wedge Ramesh S. Damani : I am not a student of Elliot Wave Milind : Is BHEL a good buy at today's rate Ramesh S. Damani : Reasonably roshan : Despite ban on advertisements by tobacco companies I feel they are better bets in the market specially, ITC, the reason being advertisement expenses henceforth reflect in their bottomline. What happened in US markets repeat in the Indian Market too ? What is your view? Ramesh S. Damani : Correct. The co's throw out cash and are profitable. Long term they are suspect though Suresh : Is it good to hold second line software stocks like zenith infotech and mro-tek? Ramesh S. Damani : Not excited by those. Stick to the leaders during this stage RajeshCheruvu : what would you like to say about the IT&Entertainment Scrips future Ramesh S. Damani : IT will revive and Ent will too. The hype should go chella : any good biotech stocks Ramesh S. Damani : Monsanto and Panacea Biotech rahul : How far is online trading going to help brokers in terms of getting more business Ramesh S. Damani : I think this day trading culture is appalling. People will lose too much money sandeepKhurana : What specific stocks in these Industries would you recommend Ramesh S. Damani : Look for leaders in these industries aspals : what r the prospects for zee tele. stock is very range bound Ramesh S. Damani : It's in trouble. Its prime time line-up is getting decimated Rajiv : Is Kotak Mahindra a worthy investment at current levels Ramesh S. Damani : I am impressed with Uday and his vision anilwawa : Mr.Damani, when u mentioned that "dotcom stocks" are in trouble are you referring only to current sentiment and feel once the landscape clears up, the market leader will get good valuations or u just feel that an internet company like rediff.com can never meet/surpass investor expectations Ramesh S. Damani : Stocks never die. or they have life after death. So stocks can rebound provided they start earning real money. It's too early to say which one will though. Rajiv : Which is your favourite pick from financial sector stocks for this year? Ramesh S. Damani : HDFC Bank looks the best k : what do feel about SAIL ?? it has recently posted profits Ramesh S. Damani : There are Better PSU's miraskrishnan : sir, can i hold reliance petro shares. Ramesh S. Damani : It's an expensive share on Market cap basis sittingbull : has philips worldwide acquired what it set out to acquire in its indian arm? Ramesh S. Damani : I think so, though I am not sure Milind : How is TISCO for long? how much increase you expect? Ramesh S. Damani : I am not bullish on steel. The counter has been buoyant though RajeshCheruvu : What is the future of the new entrant scrips of the IT scrips which are quoting below par Ramesh S. Damani : We'll have to take it case by case amit : Mr Damani, Do you expect a rise in Satyam before its ADR issue ? Ramesh S. Damani : That has been the pattern naga2 : Sir I asked about Mascot systems? Ramesh S. Damani : In IT i am sticking to the leaders sittingbull : should one hold onto vsnl, pending that disinvestment announcement - i mean, the govt keeps making all sorts of noises, but nothing ever fructifies... Ramesh S. Damani : that is a big risk. However it will get done. Take a look at CMC aspals : in the light of the recent earthquake how do u expect the budget to be and what would be it's impact on stock markets? Ramesh S. Damani : It's factored in krish : Mr. Damani : What about Infosys? Is it a good buy at this level ? Ramesh S. Damani : It's still being sluggish. If you want to be in tech it is the best stock SUSHIL : RAMESH WHAT R THE EXPECTATION FROM BROKER COMMUNITY FROM BUDGET Ramesh S. Damani : Hope no new doses of taxes. The rest we can handle. Agg Disinvestment shjain : How is Rolta india equity? I have 250 shares, whether to hold or sell? Ramesh S. Damani : Not particularly bullish roshan : Despite so much of hype the index futures volumes are not increasing as expected. Dont you think 24 hr trading in index futures through the net or through electronic order routing system will increase volume? What is your view? Ramesh S. Damani : It has been slow. Large Regulatory env is causing problems sittingbull : re my philips query: does it mean if philips worldwide acquires its 90%, philips india delists? and will that mean all i'm sitting on is useless paper? Ramesh S. Damani : The co just made an open offer. if you don't turn it in, you are in a private equity shankar : can i get ur email id Ramesh S. Damani : Sorry can't do that jitin : i am a new investor who invested in software like wipro at 3000, hcl tech at around 1880 and leading edge around 225. What is the future to cover the losses. Ramesh S. Damani : i think among them WIPRO is the best Milind : To get most out of today's market,which stock do you feel is best? Ramesh S. Damani : It's difficult to pick a stock like that. sridhar : Damaniji, What you think of Raymonds. I have about 1125 shares which I have been holding for almost 7 years? Ramesh S. Damani : Hold it for some more time vijay : sir,what is your opinion on zee, is it another orkay/wimco? Ramesh S. Damani : No but still expensive. It runs a quality channel Bose : i'm a active trader in rel cap counter for the last 15 years now i'm long around 1.5 lakhs shares in the counter at the average of 96 what do u expect on capital counter Ramesh S. Damani : You tell me. You watch it more closely amrith : Will any dot com survive in india Ramesh S. Damani : Yes. Don't know which ones though Anant : Why is the stock market called 'Satta Bazar'? Ramesh S. Damani : Satta means speculation. That is the public perception. parekhnikunj : i bought NIIT @ 1265.00. now, should i hold it? at current level or sell? kindly advice me. Ramesh S. Damani : I would hold it RUCHIJAIN : WHAT ABOUT CORPORATION BANK? Ramesh S. Damani : The best among the listed state-owned banks Ninad : Mr Ramesh, I'm soon entering in the stock market game with an intial investment of 5 lakhs. seeing the trend as of now, do u think it's a substantial amount to start of short trading Ramesh S. Damani : You mean go short? Ninad : yes. What I plan to do is, trade without taking physical delivery of stocks Ramesh S. Damani : If you are short, you don't get you give delivery RUCHIJAIN : WHAT IS A GOOD INVETSMENT AT THIS POINT? Ramesh S. Damani : I own Citicorp Securities shjain : Shall I buy Reliance equity now. Ramesh S. Damani : It could move higher ananth : Mr.Ramesh,is gujart ambuja and BPCL a good buy at current levels? Ramesh S. Damani : They look okay to me parekhnikunj : which is best market according to your opinion? nasdaq, dow jones or bse, nse for maximum return on investment? Ramesh S. Damani : None. It Depends on the time frame. Pick stocks not markets ankur : hi i am 18 and i want to get in this line, how to go about it Ramesh S. Damani : Start reading and thinking for your self. VYOMESH : MR RAMESH I WOULD LIKE TO KNOW WHETHER SHOULD I BUY MASCOT SYSTEMS AT THIS PRICE OR NOT? Ramesh S. Damani : I have no opinion on Mascot invstor : why has the market not gone up despite massive FII inflows? Ramesh S. Damani : It has from 3600 to 4350 ankur : what is exactly speculation Ramesh S. Damani : Using debt. A leveraged position rohan : sir what would u say abt tata chemicals? Ramesh S. Damani : No firm view. rajivkaran@satyam.net.in : Do you like Mahindra & Mahindra at current price?? Ramesh S. Damani : Looks okay for a trade mansi : Sir good evening; how does pentamedia graphics look to you Ramesh S. Damani : A bit fuzzy. Anant : What are ur views on rolling settlement? I think it should be made compulsory and badla should be banned Ramesh S. Damani : I disagree strongly invstor : will coming budget address the PSU disinvestment and Fiscal Resposibility Act? Ramesh S. Damani : It will address PSU disinvestment aspals : how do u expect govt moving on disinvestment front in the next fin year, though expectations are very high or has it become 'no way out' situation for govt Ramesh S. Damani : I think it is a 'no way out' they have to do this Ninad : Mr Ramesh what does a high P/E ratio of a company indicate ? Ramesh S. Damani : It is an expensive stock. deepesh : sir can i purchase vsnl now Ramesh S. Damani : I would think it is okay.Thanks all for joining. See you next week VYOMESH : Mr RAMESH DO YOU THINK SOMETHING IS STORED FOR FERTILISER SHARES FAVORABLE IN BUDGET SAY INDOGULF OR GNFC Ramesh S. Damani : It's impossible to read Delhi.We will wait till the budget Join the Ramesh S Damani chat every Tuesday at 1600 IST. ALSO SEE:
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