'Take a look at Sensex futures'
Ramesh S Damani finds the Sensex future a hot new product. He also makes some stock recommendations.
Mr Ramesh Damani (Wed Jun 14 19100 6:2 IST)
Thanks for joining in, let's start. Sorry for the delay.
RAHULJI (Wed Jun 14 19100 6:3 IST)
the cabinet committee of the government will be taking decision for disinvestment on 23rd June. YOUR VIEWS & TARGET
RAHULJI (Wed Jun 14 19100 6:3 IST)
ON MTNL
Mr Ramesh Damani (Wed Jun 14 19100 6:5 IST)
Rahul - Imp date. If they decide to privatise MTNL and they do it I think we are in for a bull run led by PSU stocks
bulldozer (Wed Jun 14 19100 6:4 IST)
mr damani what do u think of himachal. is it time to sell?
Mr Ramesh Damani (Wed Jun 14 19100 6:5 IST)
bulldozer- i am not bullish on Himachal
deepal (Wed Jun 14 19100 6:4 IST)
mr damani! can u tell if birla ericsson is a good long term invt. i have purchased at rs 70 levels. also what is it dealing in exactly?
Mr Ramesh Damani (Wed Jun 14 19100 6:6 IST)
Deepal- Birla Ericsson makes optical fibre cables. They are in short supply and co is doing well. But it is a commodity business so sell at peak earnings.
deepal (Wed Jun 14 19100 6:3 IST)
mr damani! can u comments on BEML at Rs 20. What does it deal in engineering
Mr Ramesh Damani (Wed Jun 14 19100 6:7 IST)
Deepal - BEML is a good privatisation candidate. It is good value at 20.
gautamahuja (Wed Jun 14 19100 6:8 IST)
hello sir cipla ltd and cybermate infotech ltd and sir from 26th of this month many stocks r going into compulsory rolling what is gonna be the effect
Mr Ramesh Damani (Wed Jun 14 19100 6:8 IST)
gautam - i like cipla at current levels though new price controls have come in today. Yet to see them. Cybermate looks tough from here on out.
prakash n (Wed Jun 14 19100 6:8 IST)
hi there ... what do u think about the market are there any declines ahead or r we just getting hot ???
Mr Ramesh Damani (Wed Jun 14 19100 6:9 IST)
prakash n - Market seems range bound between 4500-4800. Wait till you see direction from NASDAQ.
gautamahuja (Wed Jun 14 19100 6:11 IST)
sir what do i do with hughes software, hcl tech and polaris i got all of them in the ipo
Mr Ramesh Damani (Wed Jun 14 19100 6:12 IST)
gautam - keep hughes. sell hcl tech. polaris watch carefully.
deepal (Wed Jun 14 19100 6:10 IST)
is birla ericsson a good long term buy
Mr Ramesh Damani (Wed Jun 14 19100 6:12 IST)
Deepal - Birla Ericsson is okay. It should cross 120.
deepal (Wed Jun 14 19100 6:10 IST)
what does beml actually deal in
Mr Ramesh Damani (Wed Jun 14 19100 6:14 IST)
deepal - Earth moving equipment like excavators, dredgers etc, railway stock etc. Good if invt in infra improves.
RAHULJI (Wed Jun 14 19100 6:6 IST)
PSU STOCKS YOUR PICKS???
deepal (Wed Jun 14 19100 6:14 IST)
what r ur top five buys in psu
Mr Ramesh Damani (Wed Jun 14 19100 6:15 IST)
deepal - cmc, engineers india, Bharat Electronics, ITI and MTNL.
RAHULJI (Wed Jun 14 19100 6:15 IST)
MAH&MAH ~~~ VOL OF 11 LAKH TODAY---WHY??? BUY??
Mr Ramesh Damani (Wed Jun 14 19100 6:16 IST)
Rahul - market has rumours that M&M is going to list Mah-British Telecom
prakash n (Wed Jun 14 19100 6:14 IST)
is it good to buy infy, sify or rather scrips like silver and ssi as the upside is much higher while infy is making lower tops these days!!
Mr Ramesh Damani (Wed Jun 14 19100 6:17 IST)
Prakash - when in doubt stick to quality. Only in wild bull markets can you buy any old thing.
maheshpur (Wed Jun 14 19100 6:17 IST)
I am fine sir. do you think a few tech stocks offer value at this price or are they still overvalued
Mr Ramesh Damani (Wed Jun 14 19100 6:18 IST)
mahesh- you know the answer look at NASDAQ. INFY will rally before Q1 results which will be very good
sunnychabria (Wed Jun 14 19100 6:8 IST)
rameshbhai how is rsdfinance.com going these days.
Mr Ramesh Damani (Wed Jun 14 19100 6:19 IST)
sunny - site is still under construction. I should start it soon. I hope?
gautamahuja (Wed Jun 14 19100 6:18 IST)
sir what about gnfc and pentamedia bought them at 1800
Mr Ramesh Damani (Wed Jun 14 19100 6:19 IST)
gautam - no great value in GNFC and Pentamedia.
RAHULJI (Wed Jun 14 19100 6:18 IST)
ZEE--DOWN 10% --FROM HERE WHERE??
Mr Ramesh Damani (Wed Jun 14 19100 6:20 IST)
Rahulji - zee is going to test its previous bottom of low 400 I think.
M R Ahmed (Wed Jun 14 19100 6:17 IST)
At what price should IPCL script be sold
Mr Ramesh Damani (Wed Jun 14 19100 6:20 IST)
m r ahmed- I think we should know soon when the disinvestment is completed.
maheshpur (Wed Jun 14 19100 6:20 IST)
what do you think about the FMCG stocks? sector in general?
Mr Ramesh Damani (Wed Jun 14 19100 6:21 IST)
mahesh - we continue to like stocks like Marico, Birla 3M and Kodak.
prakash n (Wed Jun 14 19100 6:20 IST)
WHAT IS HOT FOR THE WEEK???
Mr Ramesh Damani (Wed Jun 14 19100 6:23 IST)
prakash n - Take a look at Sensex futures. Hot new product. You can bet on the market and not on the stock.
RAHULJI (Wed Jun 14 19100 6:22 IST)
After coming out of N.D. (no delivery), THE SHARE PRIC MOVES UP OR DOWN---WHY??
Mr Ramesh Damani (Wed Jun 14 19100 6:23 IST)
Rahul - stocks tend to move up and down. Generally though afer ND they tend to move down
prakash n (Wed Jun 14 19100 6:23 IST)
RAMESH WHAT R UR RECOS ???
Mr Ramesh Damani (Wed Jun 14 19100 6:24 IST)
prakash n- see earlier questions
deepal (Wed Jun 14 19100 6:23 IST)
IS PHARMA SECTOR LOOKING GOOD TO YOU
Mr Ramesh Damani (Wed Jun 14 19100 6:24 IST)
deepal - I am not following pharma. Some new guidelines have come today. Let us look at them
sunnychabria (Wed Jun 14 19100 6:25 IST)
Ramesh there is Good Arbitrage In the Futures And Spot ..
Mr Ramesh Damani (Wed Jun 14 19100 6:28 IST)
sunny - yes arbitrage will be good. Volumes must develop though
deepal (Wed Jun 14 19100 6:27 IST)
IN THIS PHASE WHICH SECTOR IS BETTER: OLD ECONOMY OR NEW ECONOMY
Mr Ramesh Damani (Wed Jun 14 19100 6:28 IST)
deepal- some old economy stocks like SBI, Larsen, Indian Hotel are showing good price formation.
lali (Wed Jun 14 19100 6:28 IST)
what about IPCL & GNFC
Mr Ramesh Damani (Wed Jun 14 19100 6:29 IST)
lali - ipcl is a hold, GNFC no great reason to hold
maheshpur (Wed Jun 14 19100 6:29 IST)
whether penta media and global tele systems look cheap to you at less than 25 p/e
Mr Ramesh Damani (Wed Jun 14 19100 6:30 IST)
mahesh - quality of earnings is not great at Global and Penta perhaps. Calculate EVA.?
prakash n (Wed Jun 14 19100 6:26 IST)
FUTURES ... I HAVENT YET FIGURED IT OUT ANY GOOD SITE FOR INFO??
prakash n (Wed Jun 14 19100 6:31 IST)
secondly if a future costs around Rs 220,000 who will buy... just look at how the volumes crashed in visualsoft as it went in rolling
Mr Ramesh Damani (Wed Jun 14 19100 6:31 IST)
prakash - you pay only a margin of Rs 25,000 to buy one contract on the Sensex. It is marked to market every day though
maheshpur (Wed Jun 14 19100 6:31 IST)
what do you think of usha beltron it was to hive off its telco business your views, sir
Mr Ramesh Damani (Wed Jun 14 19100 6:33 IST)
mahesh - Usha is hiving off its telco business. They own 20% of it. Company has huge debt though. What they do with infotech though is key.
deepal (Wed Jun 14 19100 6:33 IST)
PLS TELL ME ABOUT RSDFINANCE
Mr Ramesh Damani (Wed Jun 14 19100 6:33 IST)
deepal - RSDFINANCE is in my name. It is still under construction.
prakash n (Wed Jun 14 19100 6:34 IST)
usha beltron was one of ur favs at what price is it a buy?
Mr Ramesh Damani (Wed Jun 14 19100 6:35 IST)
prakash - we said buy around 150 in Sept/Oct 99. It ran upto 550. Market conditions have changed. Other stocks offer better value.
maheshpur (Wed Jun 14 19100 6:35 IST)
if a person is analysing a company what all things should he see?
Mr Ramesh Damani (Wed Jun 14 19100 6:35 IST)
mahesh - read a lot. Understand businesses. Look for a business that cannot be replicated.
prakash n (Wed Jun 14 19100 6:35 IST)
DEEPAL IT IS RAMESH'S VERY OWN SITE ...THOUGH I M QUITE SAD THAT THE SITE IS NOT YET COMPLETE I MUST HAVE MADE 10 HITS BY NOW
Mr Ramesh Damani (Wed Jun 14 19100 6:36 IST)
prakash - sorry about that. I will complete it soon.
prakash n (Wed Jun 14 19100 6:25 IST)
OUT OF TMT, PHARMA ,FMCG WHICH IS UR BEST SECTOR??
prakash n (Wed Jun 14 19100 6:37 IST)
RAMESH WHAT DO I BUY ON FRIDAY OR ON DECLINES I'M HOLDING 70% CASH
Mr Ramesh Damani (Wed Jun 14 19100 6:37 IST)
prakash - you are lucky. Wait a few weeks to get a fix on NASDAQ
gautamahuja (Wed Jun 14 19100 6:37 IST)
sir last question before u leave what is the best stock in all sectors to buy right now tell me one stock in all the sectors
Mr Ramesh Damani (Wed Jun 14 19100 6:38 IST)
gautam - it is a tough question. Let me think about it till the next show.
maheshpur (Wed Jun 14 19100 6:38 IST)
what do you think about the courier industry?
Mr Ramesh Damani (Wed Jun 14 19100 6:39 IST)
mahesh - Blue Dart, Elbee and Gati are all good courier cos to invest in.
Mr Ramesh Damani (Wed Jun 14 19100 6:40 IST)
Thanks all for joining in. Let me wish you a prosperous week ahead.
Money
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