'The market will punish excesses'
Ramesh S Damani advises investors to stick to technology stocks and likes Infosys, Wipro and NIIT.
Mr Ramesh Damani (Wed Nov 22 19100 4:55 IST)
Hello everybody thanks for joining in. Let's start
RAJ (Wed Nov 22 19100 4:24 IST)
HI Mr Damani. The market is down again today. Is there any hope. People are talking about Sensex of 3200.
Mr Ramesh Damani (Wed Nov 22 19100 4:56 IST)
Raj - Market should hold at 3495
sonali (Wed Nov 22 19100 4:38 IST)
what do you think about Balaji-Nine Networks merger?
Mr Ramesh Damani (Wed Nov 22 19100 4:57 IST)
sonali - time is not ready for these stocks. The leader seems still weak (zee)
vishal (Wed Nov 22 19100 4:42 IST)
Mr Damani -- few guys have become too important to control the market, as if it will dance to their tune???
Mr Ramesh Damani (Wed Nov 22 19100 4:58 IST)
vishal - market does not dance to anybody's tune. It is supreme. It will punish excesses. Always
vishal (Wed Nov 22 19100 4:57 IST)
Global mkt is upside down -- do u still stick to your overweight on TMT stocks
Mr Ramesh Damani (Wed Nov 22 19100 4:59 IST)
vishal - stick to T to TMT
vishal kothari (Wed Nov 22 19100 4:50 IST)
what about satyam computer. if i had bought at 500 for investment purpose, whether I should hold, sell or average it around 325.
Mr Ramesh Damani (Wed Nov 22 19100 5:0 IST)
vishal - wait to buy satyam
manojahuja (Wed Nov 22 19100 5:0 IST)
Sir Can you suggest some good long term buys in Biotech Sector
Mr Ramesh Damani (Wed Nov 22 19100 5:0 IST)
manojahuja - no listed stocks in this sector.
ashabhagwan (Wed Nov 22 19100 5:2 IST)
hi Mr Damani whats wrong with ssi the scrip is going down slowly
Mr Ramesh Damani (Wed Nov 22 19100 5:2 IST)
asha - huge selling. This is a weak counter.
manojahuja (Wed Nov 22 19100 5:2 IST)
What's the story behind DSQ Biotech, it's just zooming up
Mr Ramesh Damani (Wed Nov 22 19100 5:4 IST)
manoj - the name is good. I don't know the business model though.
manojahuja (Wed Nov 22 19100 5:4 IST)
Between Guj Ambuja and Grasim, which is the better pick
Mr Ramesh Damani (Wed Nov 22 19100 5:7 IST)
manoj - Guj Ambuja seems better
vishal (Wed Nov 22 19100 5:7 IST)
DSQ BIOTECH --- WHAT IS YOUR TAKE???
Mr Ramesh Damani (Wed Nov 22 19100 5:8 IST)
vishal - i am not positive on it
vishal kothari (Wed Nov 22 19100 5:7 IST)
will the index touch 3333.33
Mr Ramesh Damani (Wed Nov 22 19100 5:8 IST)
vishal - i hope it won't.
Umesh (Wed Nov 22 19100 5:8 IST)
Hi Ramesh, you were excellent this morning on CNBC but I was disappointed when you said you still don't follow Indian Rayon. Remember few months back I had suggested the same. It has given me 50% return in about four months. NOT BAD! I am still bullish on IR.
Mr Ramesh Damani (Wed Nov 22 19100 5:9 IST)
Umesh - thanks for reminding me. and thanks for the comment
vishal kothari (Wed Nov 22 19100 5:9 IST)
what about aksh optifibre
Mr Ramesh Damani (Wed Nov 22 19100 5:11 IST)
vishal -aksh seems well priced
vishal (Wed Nov 22 19100 5:10 IST)
Mr damani --- one serious question --- what is authentic reason of today's fall ???
Mr Ramesh Damani (Wed Nov 22 19100 5:13 IST)
vishal - the gridlock in USA led people to believe that US markets will fall. This led to our fall.
manojahuja (Wed Nov 22 19100 5:12 IST)
Any potential takeovers that u can site ?
Mr Ramesh Damani (Wed Nov 22 19100 5:13 IST)
manoj - look in the cement sector. ACC and Kesoram are good ideas
ashabhagwan (Wed Nov 22 19100 5:13 IST)
what's your view on wipro
Mr Ramesh Damani (Wed Nov 22 19100 5:14 IST)
asha - among the best of the software stocks is WIPRO
manojahuja (Wed Nov 22 19100 5:14 IST)
Hidustan Zinc -- Divestment news, is it a good buy?
Mr Ramesh Damani (Wed Nov 22 19100 5:15 IST)
manoj - what is the disinvestment news
manojahuja (Wed Nov 22 19100 5:17 IST)
Govt has decided to offload 26 % stake in favour of strategic partner and give management control too. Scrip book value is 25
Mr Ramesh Damani (Wed Nov 22 19100 5:29 IST)
vishal - I am just disgusted at the pace of reform in this country
vishal kothari (Wed Nov 22 19100 5:14 IST)
if SAB is priced at 300, so why should zee sustain at 2800 (10 paid-up)
Mr Ramesh Damani (Wed Nov 22 19100 5:16 IST)
vishal - it won't. It will fall
ashabhagwan (Wed Nov 22 19100 5:17 IST)
how to do technical analysis? Any particular books to read
Mr Ramesh Damani (Wed Nov 22 19100 5:19 IST)
asha - a book by Murphy called Technical Analysis is a good place to start
Umesh (Wed Nov 22 19100 5:18 IST)
Ramesh one good investment pick? A multibagger in making?
Mr Ramesh Damani (Wed Nov 22 19100 5:20 IST)
Umesh - if you have patience for 2- 3 years look at CITICORP Securities. Long term though
Umesh (Wed Nov 22 19100 5:20 IST)
Should one hold on to HDFC Bank or can one add more at the price of 225?
Mr Ramesh Damani (Wed Nov 22 19100 5:21 IST)
Umesh - I would hold HDFC Bank
vishal kothari (Wed Nov 22 19100 5:22 IST)
please reply specifically whether to hold zee or not
Mr Ramesh Damani (Wed Nov 22 19100 5:23 IST)
vishal - i would not hold zee
Umesh (Wed Nov 22 19100 5:22 IST)
Is WIPRO a good buy?
Mr Ramesh Damani (Wed Nov 22 19100 5:23 IST)
Umesh- Wipro, NIIT and INFY are the best bets.
Umesh (Wed Nov 22 19100 5:25 IST)
Thanks a lot Ramesh - I am always a bit confused about Tech Stock valuations!
Mr Ramesh Damani (Wed Nov 22 19100 5:25 IST)
manoj - we have been in a bear market for a while. I think market will hold at 3495 though. Actually I hope higher
vishal kothari (Wed Nov 22 19100 5:24 IST)
thank you for reply, i believe you do not have any personal dushmani with zee
Mr Ramesh Damani (Wed Nov 22 19100 5:25 IST)
vishal - none. It just appears overvalued
manojahuja (Wed Nov 22 19100 5:26 IST)
Mukta Arts - is it a good buy??
Mr Ramesh Damani (Wed Nov 22 19100 5:27 IST)
manoja - I dont have a buy at the current time
vishal kothari (Wed Nov 22 19100 5:27 IST)
what shoud i do with satyam if bought at 500
Mr Ramesh Damani (Wed Nov 22 19100 5:27 IST)
vishal - I would book my loss
Umesh (Wed Nov 22 19100 5:27 IST)
How soon market may touch 3495 ? if at all!
Mr Ramesh Damani (Wed Nov 22 19100 5:28 IST)
UMESH - I think we will survive that
manojahuja (Wed Nov 22 19100 5:29 IST)
Sir is there any steam left in GE Shipping
Mr Ramesh Damani (Wed Nov 22 19100 5:29 IST)
manoj - yes. GE look good to touch 40
ashabhagwan (Wed Nov 22 19100 5:29 IST)
which theory should one follow p/e ratio? any other book just in case i don't get it
Mr Ramesh Damani (Wed Nov 22 19100 5:30 IST)
asha - peter lynch one up on wall street
Umesh (Wed Nov 22 19100 5:30 IST)
Well disinvestment has become a tool for the GAME - if you know what I mean Ramesh!
Mr Ramesh Damani (Wed Nov 22 19100 5:31 IST)
Umesh - Disinvestment policy makes me want to cry
Umesh (Wed Nov 22 19100 5:33 IST)
Even I fail to understand what's wrong. We are losing out on the advantages of disinvestment and losing money at the same time.
Mr Ramesh Damani (Wed Nov 22 19100 5:32 IST)
Thanks for joining you. See you next week.
Money
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