baracuda : with afocuson education,andmacmillannowprintingbooksinvernacular eventhe books div shouldshow anmargianlimprovemrnt going forward the bpo business is ofcourse doing wellwouldyu thenadvice anaccumulate on the stockRamesh S Damani : It should but MacMillan future is in ITES. That is the high growth and margin business.baracuda : increasing fdiin insurance should be a big plus for sundaramfn,soshould more be added at the current rate and will higher interst rates affect the cost of capitalRamesh S Damani : Thanks for joining. Lets start. Yes it does help. Sundarman finance business is sound at current time.baracuda : indian rayonis not there inmyprtfolio should i buy fresh at market rate,ionly have shree raj in textilesRamesh S Damani : It is on a high ...so not currently.Deep : How do you read market after budget ? what should be startegy would u still like to fully investedRamesh S Damani : Yes, well invested market may be rangebound with a top of 5150.skk : what do u feel. Transaction cost will be going to increase. How it will affect market. Why market fell yesterday again rose todayRamesh S Damani : High transaction cost will decrease the level of liquidity and volume and increase spread.Deep : Which sector you like in budget and where would you like to invest fresh Ramesh S Damani : In agriculture.skk : ramesh how is the budget overall. Are u happy and then with what sectors do u see are positiveRamesh S Damani : Agriculture, defense, ITES/IT could be a surprise.baracuda : tata infotech and sitel have atie up could yu please explain what this tie up is and tata info has declared a100% div would yu buyat 350Ramesh S Damani : Sitel is owned 40% by Tata Infotech. I think they are going to have a good year, I own it.Deep : First of all , thanks for considering mass investor who come on this chat and take valuable guide from uRamesh S Damani : It is a pleasure, to help understand markets, I am also a student of the market.baracuda : would yu now consider vst tillers and tractors as an investment or is it still a trading call.Ramesh S Damani : Trading ... Swaraj Engines might be a a good benificiary.Deep : Turnover tax : Is hope that tax will be rollback , market has shown positive trend or was there any other reasonRamesh S Damani : The tax may be scaled back otherwise volumes will be impacted but for investors no capital gains tax is great news.Nisha : I have MRPL in my portfolio, does it make sense to hold it any more?Ramesh S Damani : Sorry, I dont follow it.Deep : TATA ELXSI : Just one question as we dont want the same sitaution with this loike we did with some other. IS 100 was the level when u started recommending and it has just started its growth story or one run up has already happenedRamesh S Damani : These questions are hard to answer ..business is not neat. I have made an investment call in it and would like to keep it for a while.baracuda : if agriculture does well then fmcg also should pick up i recently read a clsa report on colgate,vol sales have picked up 8% from jan -june,with rs 22 per share on its books div shouldnt be any problem at 15 times going forward do yu see value ,even if the monsoon is below normalRamesh S Damani : Yes, I have recommended it as a low risk pick, I own it.skk : Ramesh lot of old recommendations are there like tata elexi/balaji/crest/kale/logix/goldiam/godrej etc. whicj stocks do u feel will be worth investing nowRamesh S Damani : For safety Godrej Ind balancesheet looks good to me. Elixsi is a good growth stock.Deep : agriculture , defensive and then what did you write ? pleaseRamesh S Damani : IT-enabled.kkz : Do you know of any logic as to why Advocates and Doctors are outside the purview of Service Tax - does the Government think that they do not offer any services ?Ramesh S Damani : For lawyers no. Drs perform a social service.Sanrel : What is reason for HLL sliding to 120? Shall I hold it?Ramesh S Damani : At current levels yes.chandansn : Are you sure that our FM would reverse the turnover tax, Ramesh S Damani : No, but decrease it.Nil : I am holding Zodiac in big quantity. Wht u suggest to do with it ?Ramesh S Damani : You could sell some part. hera : What is the prospect for TV 18? Should I hold it or sell it at current levels... I got the stock at 223.Ramesh S Damani : I would hold it.manish : Sir I am in a desp soup i invested around 50000 during IPO before elections and could not sell as expected them to rise now the value has follon drastically advice what to do i have shares of GAIL,CMC etcRamesh S Damani : I would hold on, I own both.balladsandblues : It does look to me that Chidhambaram/Manmohan team is taking everyone for a jolly ride.Expenditure up 23000 crore and the corresponding earnings projected from Corpates is going up by 8000 crores.Whom are they fooling? Are you sure that the deficit will be broughtdown by 1% point?Ramesh S Damani : I am also not convinced.Kamal 1 : IT ENABLED could be surprise in what sense ? and are u increading your macmillan Ramesh S Damani : Good growth and margins. I am not buying it currently.rohitranjan : Mr. damani when is the proposed Turnover tax going to be implemented for the investorsRamesh S Damani : May take 60 days.sudhir : sir what should be the tot for the brokers & markets to feel comfortableRamesh S Damani : Around .05 or .10 but on delivery only.SAD : Hello Ramesh,I want do make fresh investment in BPCL & Reliance Ind for 4-6 months is it a write time ?Ramesh S Damani : It is not a compelling invt for 6 months.baracuda : have yu had a look at praj indrecently they have got some good orders also rd benefits in the budjet should help should do well in the current yearRamesh S Damani : Yes, I own some... they are having a good year.cparagm : i am 20 yr boy want to learn abt stocks...can you suggest me any books from basicsRamesh S Damani : Look at the transcripts of the earlier chat.Sanjay : The raise in interest rates could let FII reducing exposureRamesh S Damani : Yes, emerging market would be less attractive.manish : how much time frame do you think is best to get the market back on track and finally as good as it was 3-4 months back i.e at the level of 6000Ramesh S Damani : Maybe after the 2005 Budget.kori : hi ramesh,can we expect good returns on TISCO, now a days it is going down like anything.Ramesh S Damani : Earnings remain on track.chandansn : what are the hopes of IDBI , IFCI etc getting merged cause the trades of today have seen a major 20 % increase in IDBI , are these speculatives or some real thing going behind the scenesRamesh S Damani : IDBI is being restructured.kishor : proposed turnover tax is not fair for day traders. Should it not be abolished?Ramesh S Damani : It is not but you could develop a new business model.manish : WHICH IS THE RIGHT PLACE TO PUT MONEY FOR SAY 1 YEAR OF TIME HORIZON?Ramesh S Damani : Equities remain the best bet for most Indians.manish : iF YOU SAY EQUITIES COULD YOU LIST A FEW AND WHAT ABOUT THE FUTURE OF MUTUAL FUNDS?Ramesh S Damani : Just read my transcripts I have mentioned them.Nil : Heard the brokers of BSE & NSE are meeting today to sort out the Transaction TAx issue. ??Ramesh S Damani : Yes I am sure they are meeting.girish : Hi Ramesh ,My name is Girish and I have my money invested in Various Mutual fund schemes ...all of them equity ... like Prima . HDFC Top 200 , Alliance Basic Industries , HDFC equity , Franklin Phrama , ILFS Growth and Value . With the current state of the markets do you think a investor like me should stay invested or should do some thing else with the moneyRamesh S Damani : I would remain invested, the cut in taxes is bullish for investors, have conviction.deepak : MR RAMESH R U ON LINE NOWRamesh S Damani : I was, I have to leave now. Please join me next Tuesday for a full chat. Thanks for joining and goodluck.
