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THE CHAT ROOMS
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'It's a good time to get in''Q3 results may be poor, but the worst is over. The IT-enabled sector looks best,' says Ramesh Shrichand Damani.
kitty : though brokers had said loss of badla wld affect them there seems to be no real impact. do u agree Sumana : Rameshbhai will the market fall to 3000 levels again ? Ramesh S Damani : I dont think so. alok ranjan : how do you rate citicorp and apollo hospital at current market prices? Ramesh S Damani : I like and own both of them at the current price. kruts : why are media stocks in the limelight? how does Adhikari brothers look? Ramesh S Damani : Nothing particular at this point. Sumana : Rameshbhai I am new to stock markets as I am in modelling which shares shud I buy now as I have 5 lakhs cash with me right now ? Ramesh S Damani : Investing is a serious business. Avoide tips and go to an advisor you trust. Be careful with your money. jags : how do u rate CRISIL at current levels Ramesh S Damani : A hold. Sean : Sir,Any Interesting Restructuring stocks t o look at Ramesh S Damani : We keep looking. Nothing very specific at this pont. Last one was United Breweries. Sean : Sir, Where do u see the markets headed especially during the last week of december Ramesh S Damani : We should see some bit of profit taking this month. Sean : Sir,any particular software stock that is a niche player and could spring a positive suprise because of the field it operates in Ramesh S Damani : The IT enabled sector looks the best. Try Geometric, e-serve and Infotech Ent. I own the first two. Buy on corrections. Astute Investor : How does Hughes Software look around 320 for long term investment? Ramesh S Damani : Growth is under pressure. alagappan : whether sci is good for long term Ramesh S Damani : I have been selling a little of SCI. However, we may get a good dividend. Astute Investor : Do you have any opinion about Aztec software? Is it good for long term investment? Ramesh S Damani : I think Q3 results may be poor. Consulting jobs are harder to get. Sean : Sir,How do u read the Software Training Sector-Aptech,SSI & NIIT they have disappointed many a times .do u feel that in case of an economic ecovery,these stocks could actually spring a positive suprise Ramesh S Damani : December quarter will be weak. jags : what is ur opinion on ONGC, buy/hold/sell Ramesh S Damani : I would avoid it. Too big to be divested. Astute Investor : any multinational stock you like in the IT sector? Ramesh S Damani : Not many to choose from. Most poeple like Digital. However, growth will be a problem. anaam : Have you read Rich Dad,Poor Dad"? Ramesh S Damani : No. sunil : mr ramesh nearly 6 to 10 months before market had crashed and lot's of ordinary people and stock broker and even this uti burned their fingers,due to a scam and now again these shares r moving up i want to know what sebi is doing and what is your advice for invsetor should they keep away from this rally. Ramesh S Damani : Lightning does not strike twice. The market cap of these stocks are not significant. springwater : I have some VSNL stocks. When shall i exit? Ramesh S Damani : Wait for the dividend announcement. harsha : i am a cmc employee should i buy the shares? Ramesh S Damani : You should get options. sagar : Mr. DMANI, do you have any opinion on tata infotech? Ramesh S Damani : Looks good. Could merge with CMC. Sean : Sir,a couple of years back u commented on cnbc that u did not like mr.Narayan murthy for not being innovative and taking the acquisition route.Last week we seen wipro close to signing a deal.How do u se infosys reacting to this. Ramesh S Damani : They have to accquire. Organically they cannot grow at better then 35 per cent. Astute Investor : Would you tell some of yr recent picks Ramesh Jee? Ramesh S Damani : I bought some Tata Telecom and Bharat Electronics. gandu : how can our country develop Ramesh S Damani : Stop corruption. anaam : You dont buy that book. I am sending you one form Ahm'd Ramesh S Damani : Thnaks metrodon : what is ur opinion about indian hotels.Is it a good pick at these levels Ramesh S Damani : I think it is a cheap stock. guru : Pl tell me the prospects of petroleum sector and in particular Reliance Petroleum & IOCL share movements. Ramesh S Damani : I don't fancy the petrochem sector. Sean : Sir, IBP u think the disinvestment will also be a case like cmc.less than expected price Ramesh S Damani : Hard to say. The key is to attract foreign investment. anaam : Today I have sold Geometric which were bought @ Rs 87/ Is it worth reentering it again? Ramesh S Damani : Buy it around 225-250 levels for long-term. ravi : you r not replying me sir i am located at remote place many friends r waiting for your reply Ramesh S Damani : Sorry i cant locate your question. Balakrishna : Hi Damani,I bought Dr.Reddy's lab @ Rs.1100/- & 2000 shares of MRO-Tek ltd @ Rs.25.65. How about these companies. KIndly advice me. Ramesh S Damani : Sell MRO-TEK on rallies. gaurang : Do you think Otis is a fundamentally sound stock? What of its buy back plan? Ramesh S Damani : Yes it is. Management is not keen to keep it listed. This is a drwback. Astute Investor : Is McDowell worth Investment at current prices? Ramesh S Damani : Yes. The spirits market is big in India. deenar : Mr Damani, Have u heard anything about the i-Flex IPO? What P/E multiple would you be happy buying iflex at? Ramesh S Damani : It will be a huge IPO. Let's wait for the prospectus before commenting. gchitlangia : the brewing(bear) industry in india is still untouched by bear majors. which cos do u think will be takeover targets in the next 1 year. Ramesh S Damani : Targets or maybe alliances. sunny : do you think the momentum stocks like hfcl and global tele have steam left in them Ramesh S Damani : Maybe in terms of trading. bugs : sir, can i start with some mutual funds.. Ramesh S Damani : Look at Morgan Stanley. patro : hello, as the western countries are finding difficulties in their markets now, is it advantages to our country ? Is it right to say that within some years Indian companies will come onto the top of the world ?? Is it correct to say or not ? Ramesh S Damani : On a general basis no. Some tech companies will be globally competitive. balu71 : sir what are the prospect for tata power Ramesh S Damani : It's a safe investment, gchitlangia : Beer Industry- maybe alliances but which cos in india are poised for that? Ramesh S Damani : McDOwell, Radico Kaitan and maybe Shaw Wallace. Astute Investor : what is yr opinion about TV Eightee as long term investment bet, the guys at CNBC seem to be doing well, but what abt the company as commercial entity? is it worth investing at current prices? Ramesh S Damani : I beleive they are struggling with poor growth and low margins. However it is a stock to watch. Sensex : Good Evening - Mr Damani - Do you think an investor should enter the market at this stage in good scrips - say HLL. Ramesh S Damani : It's a good time to get in. Worst is over. investor1 : Is the steam In BEl counter seems over for the time being? Ramesh S Damani : I disagree. Babia : Sir, just five weeks back you forecasted about the possible boom in Stock Market. But your forecast about Mc Dowells were not correct. Ramesh S Damani : Mc Dowells has moved from 34 to 75. That's pretty good. bhavesh : What is the long term outlook of Indian Hotela and Gillette India, I have bought them at 164 and 275 respectively Ramesh S Damani : Gillette has some near term trouble. Indian Hotels has one bad quarter left. Sensex : Some say the market is overbought and a correction is due! Ramesh S Damani : It coluld happen. prajvl : sir u please tell me it's safe to invest in bse b index Ramesh S Damani : Not safe but farely steady. investor1 : How you see Tata Tea after rise in last few days? Ramesh S Damani : Safe bet over the next few years. rao : mr.damani, the current minimum size of a stock futures contract is rs.2 lacs. does sebi have any plan to reduce this size ? Ramesh S Damani : Not at the curren time. kash : I had bought Mcdowell @ 185 during last year, whether i will get my investment back. Ramesh S Damani : I think so over a period of time. jaideep : why is it said that when the European market or the american market go down then the indian markets goes down. but in some days we have seen the foreign markets go down but the indian markets goes up Ramesh S Damani : You can't generalise. However, we seem connected to the Nasdaq. sunny : what according to you presently is the value pick in the cement sector Ramesh S Damani : Grasim. sunny : between bse and tata power, which one would you recommend foe the medium term Ramesh S Damani : I would prefer Tata Power. Thanks all for joining and see you next week. | |