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THE CHAT ROOMS
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'Markets are nervous'Ramesh S Damani expects the markets to remain nervous till the Budget.
Ramesh
S. Damani : Hello everyone thanks for joining. Let's start sandeep : should peerless shipping be bought at these prices or should i just hold my stock Ramesh S. Damani : It looks okay at current prices MuneerKallatra : I have 1000 Sterlite Optic with me at the price of Rs 910, I am holding almost 2 months, now my question is, is there any kind of improvement I can expect or should I sell this share now? Please advice me in a proper manner Ramesh S. Damani : It is a speculative favourite. If it moves up after the budget good otherwise I would tend to lessen my exposure akshay : sir i have bought zee tele at 245, reliance capital at 116, penta at 245 and silverline at 260. should i book losses or hold my stocks ? Ramesh S. Damani : Book losses in Silverline, and keep zee for any rally pre/post budget. Penta and Rel Cap are so-so akshay : hello sir as i have taken all these shares in forward please help me . Ramesh S. Damani : Do not leverage. It is very dangerous. You can wipe out your equity. It is only for professionals globalfriend : Ramesh can I book profits in Reliance Inds now Ramesh S. Damani : Wait till the budget. It has been very strong brinda : is there a story in software stocks? they keep falling. Ramesh S. Damani : They kept rising a year ago. Good co's will rebound. akshay : i have taken larsen at 250 should i book my profits ? Ramesh S. Damani : Around 325 levels. Pls ask me general questions. I don't follow all stocks. We have 6000 of them! rahulg : bank of rajasthan--is it a buy? Ramesh S. Damani : No reason. Take a look at Karur Vysya Bank akshay : what according 2 you are good picks from these levels Ramesh S. Damani : I have been recommending and holding Citicorp and Shipping Corp globalfriend : What abt Satyam Infosys Ramesh S. Damani : SIFY of Satyam looks weak. It is dragging down Satyam. INFY is also looking weak. They need to do an acquisition rahulg : eps of 11 fy 2001--bank of raj Ramesh S. Damani : Quality of Mgmt issues brinda : what are the best cyclical sectors to buy before budget? Ramesh S. Damani : Power looks the best. It's do or die time rahulg : INDIAN RAYON stake of 1% taken by ....- any future Ramesh S. Damani : Abhishek is a smart op. I would watch what he does akshay : sri adhikari bro is being dragging badly should i take it at these levels ? Ramesh S. Damani : It had gone up unnecessarily rahulg : TISCO --STOP LOSS-TO INCREASE -- STEEL PRICE Ramesh S. Damani : Steel prices are down globally. I am not sure about the case for TISCO other than a speculative punt rahulg : SESA GOA--STOP LOSS-ANY TARGET Ramesh S. Damani : None. akshay : so should i sell silver at these levels Ramesh S. Damani : I am not bullish about it at current levels (Silverline) rahulg : CHENNAI PETRO-IS IT A BUY??-Q3 N.P.UP 600% Ramesh S. Damani : Don't follow refinery stocks shirish : how is global telesystems and dsq software Ramesh S. Damani : Momentum stocks are out of favour anjali : how is the hotel industry Ramesh S. Damani : Looks okay. Indian Hotels looks safe. bala : what is the outlook for the market before budget Ramesh S. Damani : Very nervous shirish : how is vsnl and mtnl Ramesh S. Damani : I like VSNL at current levels rahulg : IDBI--TO MAINTAIN 45%--BUY?? Ramesh S. Damani : Details please ? Kiran : I heard DishnetDSL is going to be listed.. what is your opinion about that Ramesh S. Damani : Let's see the prospectus anand : hello mr.damani,when do u see the market picking up good momentum?? Ramesh S. Damani : if PSU's start getting privatised suhas : Do you think its good to sell all stocks before budget and repurchase them after ? Ramesh S. Damani : I like to think of myself as a long term investor bala : what is the index level pre and post budget Ramesh S. Damani : I am not an astrologer anand : hello mr.damani,how would you value infotech stocks at these levels. Ramesh S. Damani : You need to take it case by case rahulg : TO MAINTAIN 45%DIV--IDBI Ramesh S. Damani : Thanks. Trouble is ex-dividend they dont get any capital app. ICICI is doing a much better job ajith : should i invest in GACL right now? Ramesh S. Damani : Looks okay to me shirish : how is shipping corporation and balrampur chini at current levels Ramesh S. Damani : I like Shipping Srinivasan : What is your latest take on the VST issue. You think it will go through with the present government policy? Ramesh S. Damani : Just to clarify. The R. S. Damani making the offer is NOT ME don't think they will get more than 3-5% extra shares rahulg : CUMMINS--OUTLOOK--STOP LOSS-78?? Ramesh S. Damani : Outlook is good. Don't know about Stop Loss Kush : What would be the trend of the Market in coming days Ramesh S. Damani : Nervous leading into the budget. nish : the fii's pumped in so much cash what if due to unfavorable budget they pull, will market go in free fall Ramesh S. Damani : Govts must listen to capital markets bhatt : infosys is at35PE2002 shd anyone venture into stocks like CMC? Ramesh S. Damani : Take over value of CMC could be much higher. Also look at the Market caps. 40,000 crs and 600 crs rahulg : WESTERN HATCH-FY 2001 EPS EXP 10 BOOK VALUE 104--NOW AT 70??-U R VIEW Ramesh S. Damani : Small cap share with promise Srinivasan : Hello Mr. Damani. I want your opinion on the VST issue. Ramesh S. Damani : see earlier answer Srinivasan : I know it is not you but I wanted your opinion on the issue. Are they looking for a profit as in the Gesco issue Ramesh S. Damani : No. They are long term investors wanting good dividends and focus on tobacco chabria : Damani babu kem choo! ... Ramesh S. Damani : Good CASTELLO : Hello damani, I am repeating my question? What is the outlook of pharma sector?Sun pharma, ranbaxy,pfizer etc hold or buy or sell? Ramesh S. Damani : I tend not to follow the pharma. I like stocks like Cipla and Abbott. shah : i have got stuck with CMC at Rs 450 after divestment news on your recommendation what should i do Ramesh S. Damani : Wait till the disinvestment Srinivasan : But VST is the only tobacco company in the world to make losses. How would they - as a good prudent investor - look at this track record. What does VST have to offer to them. The stock is also not moving up Ramesh S. Damani : They have diversified into a lot of unrelated areas. Mgmt Lethargies. Focus would do it good rahulg : BEL -- UR PET STOCK, WHEN SHOULD I ENTER Ramesh S. Damani : Good compnay at current levels rupak : I have 100 shares of Hughes Software purchased at Rs 988 per share recently. On the advice of a broker who was on CNBC program Your Stock. What should I do regarding this Share? Ramesh S. Damani : I like the share at curren values anand : hello,what do you think about the fertilizer stocks.(tata power) Ramesh S. Damani : I like Power shares bhatt : market cap shd be seen with relation to profits? Ramesh S. Damani : Of course. But with pvt mgmt profits could rise. A 10% margin would give them a EPS or Rs 35.0 amitsampat : hello mr damani what are your views on hfcl and global i have purchased those at a very high rate should i hold or switch Ramesh S. Damani : I am not bullish on these two stocks veeru : How do you see the Indian IT stocks within 3 months from now. Ramesh S. Damani : Tough call. Tech seems weak yet. shailendra : what do you think about the banking sector. Ramesh S. Damani : HDFC Bank is a juggernaut in the making CASTELLO : Dear damani,If you were given two preferential votes whom will you choose to invest in order of priority infy, wipro, satyam, hughes,reliance, pharma sector. Ramesh S. Damani : if i had to, infy and wipro in your basket would be me choice. Your basket is limited though NANDAKUMAR : MR. Damani ...If an amount of around 10 lacs was to be invested..how would you allocate the portfolio.. for a 1 year horizon Ramesh S. Damani : Tech 40% Power 20% FMCG 20% Misc 20% bhatt : most of CMC's sales is hardware related so do you think a 10% rise is possible? or do you expect the margins to reach industry leaders' levels? Ramesh S. Damani : Education, Software, Servics are a large portion. They don't know marketing. They would do wonders in private hands andy : dear ramesh, i stay out of india, in hong kong, please tell me how's the situation to invest in indian stocks Ramesh S. Damani : Emerging markets are volatile. But India and China will be drivers for growth. You should balance some money in India I would say. Look at IT, IT-enabled and Power sectors amitsampat : sir what are your views on infosys as the company is wasting its money in unproductive things rather than going for any aquisition Ramesh S. Damani : They need to do an acquisiton soon. chabria : Did you hear .... dalmia is being kicked out of his soft company ... Ramesh S. Damani : No. What details do you have shibu : dear ramesh i stay in london but i would like to invest in the indian stock market are there any online sites in india which will allow me to do trading Ramesh S. Damani : check out 5paisa.com, icicidirect.com.I am not sure of the legality of it though atulmathur : What is your outlook for Rolta... the company has not even posted its results yet.... Ramesh S. Damani : Not enthusiastic indiabullsguy : r u having a cup of tea mr damani? Ramesh S. Damani : No. Just typing psharma : is atlas cycle a good buy at 54 Ramesh S. Damani : Yes it is a good stock chabria : do you play commodity markets by any chance ? .... there are some opportunities there . Ramesh S. Damani : No I don't. Might be fun. NANDAKUMAR : Moser Baer looks to be a good story..barring competition from taiwan ..whahs yr view on the stock Ramesh S. Damani : I think your analysis is dead on amitsampat : sir you were the first one who was bullish on s'ware now what other sectors do u feel are good for inv in the long term Ramesh S. Damani : IT-enabled and PSU stocks. Some power k : is there any scope in current markets in stocks like cadbury nestle basically fmcg stocks Ramesh S. Damani : Sure. They will do well Mundhir : Does the Gujarat quake makethe share market vulnerable? If so what would be the effects? Ramesh S. Damani : Not lasting r-har : Mr Damani what are your top five picks before and after the budget Ramesh S. Damani : let's wait for the budget. See my allocation model in earlier Q. It won't be affected too much by the budget vijaydargar : It seem that you have little knowledge and answering few people only. are they your friend. or you do not know any answers if it is like that than better come to me I will anwer all them better Ramesh S. Damani : Write to rediff. manu : what's ur view on pfizer after the company says it might look in the 100 per cent sub Ramesh S. Damani : Risk factor for all MNC's tejas : will Zee come upto 600 in near future??? Ramesh S. Damani : Unlikely vijaydargar : Damani ji you do not know anything I am surprised that how rediff people hired you. Ramesh S. Damani : Wisdom comes in small doses. Ignorance is super confident kalara : dear ramesh my question regarding sql star international a hyderabad-based software company not answered ?? Ramesh S. Damani : It's a small cap co that I am not following bhavesh : hi Mr. Damani, your recommendation for rel perto Ramesh S. Damani : Book profits anu456@rediffmail.com : Mr damani tell me about the shares of ONGC. Ramesh S. Damani : Too big and complicated to be disinvested vamsi : damani u have not answered my question what is ur comments on holding hdfc bank and icici bank Ramesh S. Damani : I think both will be good. I like HDFC Bank the best KR : I have been watching the market for a while. The American IT gaints show a down curve. How immune is Indian IT? Can a loss of percentage in PC Sales growth rate give such effect? or is there someting lurking behind ? Ramesh S. Damani : We are not immune. A slowdown would be serious. rahulg : CRISIL--ANY VIEWS?? Ramesh S. Damani : Stock is underperforming. At current price though it is a good bet k : if i had 10000 to invest where would u advise me to put my money Ramesh S. Damani : See my earlier answers vijayalva : Mr Damani is it the right time to invest in share Ramesh S. Damani : if you have 2-3 years time yes! ashokb : SATYAM COMPUTERS >>>>>>> ANY VIEWS Ramesh S. Damani : Not very bullish CASTELLO : Dear Damani,What makes infy your first pref over Wipro? what are the 3 major factors in your decision making? is it a loaded question? Ramesh S. Damani : Mgmt quality and Current Market cap. Wipro has a higher PE than INFY KG : SIR, ANY VIEWS ON HINDUJA FINANCE - TO BE CALLED HINDUJA TMT LIMITED Ramesh S. Damani : At current levels a decent bet. Co has some attractive assets mahadevsam : Mr.Damani, is it worth buying VSNL at current levels Ramesh S. Damani : looks okay to me at current levels rameshjain : Hi.damaniji,what is the budget favourites Ramesh S. Damani : I would like to possibly make a bet on power. rahulg : PNB GILTS--ANY VIEWS??? Ramesh S. Damani : should rally to 30 manu : as u said 100 per cent sub are a risk for all mncs why do they get higher discounting? Ramesh S. Damani : investor fancy and past returns subrata : yeah satyam? Is it a good short at curr. lvls Ramesh S. Damani : I avoid shorting. It's for professionals who do it every day/Day trade KR : Is the AMERICAN SLOW DOWN something more ? Can a loss of percentage in PC Sales growth rate give such effect ? or is there something lurking behind ?Name some companies thatll be affected here. THANX FOR PREVIOUS ANSWER. I beleive ur words ! Ramesh S. Damani : The smaller ones will be butchered. It's not PC sales but general IT spending aryan : what is your view on your old tasty bite Ramesh S. Damani : look okay to me Jitendra : Hello Mr. Damani, In spite of the slowdown, wipro infy et. al. are on recruitment spree ? What does this mean ..? Ramesh S. Damani : Good question. Sometimes they make mistakes of optimism. I hope that is not the case sathish : what is the implication of nasdaq office in bangalore on technology stocks Ramesh S. Damani : Is bullish for stocks, bad for exchanges Hitesh : hello sir can u please tell me about HLL (bought at180) and APTECH (bought at 340) Ramesh S. Damani : HLL is a conservative bet. Avoid APtech Balaji : Hi Ramesh,Why does a NASDAQ crash affects NSE rather than other Exchange Ramesh S. Damani : it affects BSE, Honk Kong, Korea equally kamaraju : Mr. Damani what is your opinion buying shipping corpn of India at present rate. Ramesh S. Damani : Decent bet KR : THANX for both the replies.What IT Stock are worth most in coming 2 years for sincere investment not for daily traders. Since IT is facing downwards in NASDAQ etc. What are ur recommendations for a long term investor (Nowadays 2 years is Long term...:-)) Ramesh S. Damani : I like Citicorp to be renamed eservein the IT Enabled Sector. I am long it currently sathish : is mergers a good sign for technology stocks Ramesh S. Damani : Sure. If value is unlocked veeru : Seeing the Employee layoffs in US IT industry, will the Foreign Investors show interest in the Indian IT market. Ramesh S. Damani : IT is here to stay. I have no worry about that. manu : what about india shaving and birla 3M Ramesh S. Damani : Birla 3M Looks good.THANK YOU ALL FOR JOINING. SEE YOU NEXT WEEK. GOOD LUCK | |