Ramesh S Damani : Correct
whatsthereinaname : hi damani swaraj at 273 shoul buy more and average it if it bought around 299
Ramesh S Damani : It looks okay to me
velayil : Dear Damanaji,of the two recommended stocks i.e.skf & opto, which one is the best for a long term say 1-2 yrs?? pls reply.
Ramesh S Damani : Both look okay to me though SKF Bearing is better pedigree.
Vidya : Administrator - Can u please let us know whether MrDamani is coming or not . If yes , then when ? and 1 more request , Can u throw this RAMESHDAMANI out
Ramesh S Damani : Hello everyone thanks for joining, lets start. Chat is starting late due to market timings.
vikas : SKF BEARING : Gone thru results. Looks good but nothinh extra ordinary at these rates. what are we missing which u caught up
Ramesh S Damani : Strong capex cycle should help them.
pawan_delhi : sir book value of balaji is around rs 135. stock is quoting at 95. beside balaji is sitting with huge cash. will it give good dividend this year ?
Ramesh S Damani : I believe so.
pawan_delhi : sir today sundaram finance was up 10 % at 252. do this stock have the potential to go 30 % from this level ?
Ramesh S Damani : I would hope so.
kcs : SIR , YOU WERE SAYING YOU WANT TO BUY FINANCIAL TECH IN SMALL QUANTITY. DID U BUY ANYTHING RECENTLY . CAN WE BUY
Ramesh S Damani : I did buy some and one can take a look at it.
vikas : SUNDARAM FINANCE : Finally some action. Frozen at upper circuit. any news , any new BPO order they got
Ramesh S Damani : No, because of merger with Laxmi General.
Prabhu : Sir, which are the other textile scripts, u bullish other then Shree Raja syntex & shr raja texchem
Ramesh S Damani : I sold a lot of others including Zodiac, Himmatsinka etc. I recently bought Arvind Products around 12.
JOEGRANVILLE : what r u reading currently,ramesh?thanks
Ramesh S Damani : The wisdom of crowds.
HelloDamani : HI, MY PORTFOLIO OF 7.5 LAKH INCLUDES BALAJI TELEFILMS, MCDOWELL, SUNDARAM FINANCE , UNITED BREWERIES AND HOLDINGS , TATA ELXSI , MORGAN STANLEY, GILLETTE , STATE BANK , GOLDIAM AND 2 LAKH IN CASH. NOW I WANT TO INVEST THE CASH AMOUNT IN SOME SCRIP AND GO TO HIMALAYAS AFTER THAT FOR 2-3 YEARS . WHICH IS THE BEST SCRIP I CAN BET ON ? I AM A SOFTWARE ENGG WORKING IN MUMBAI AND DO NOT TRADE AT ALL AND ALL THE SCRIPS HAVE BEEN BOUGHT FOR INVESTMENT. I WAS THINKING OF GODREJ INDUSTRIES BUT WOULD REALLY LIKE TO FOLLOW UR ADVICE. WHAT IS IT THAT FIRST COMES TO UR MIND ?
Ramesh S Damani : I think your portfolio is good and you can certainly add Godrej Ind.
pawan_delhi : sir do you think that tcs is a buy at 1020 target 1150 december ? please comment
Ramesh S Damani : I think it is an attractive investment.
baracuda : are yu going to apply for the united breweries rocd issue, please advice yu said yu will discuss this today in yuor last chat
Ramesh S Damani : Unfortunately I have not finished reading the prospectus. It is too huge and complicated. I am not able to offer a comprehensive view.
pawan_delhi : sir you made a statement that markets will go 6200 by march 2005 ? sir do you think that the stocks will achieve the value they had in senses at 6000 previously ?
Ramesh S Damani : Obviosuly the majority of Sensex stocks will have to.
HelloDamani : I REMEMBER SEEING SOMEWHERE IN UR CHAT TRANSCIPTS THAT GODREJ INDUSTRIES HAS THE POTENTIAL TO REACH 150 IN THE YEARS TO COME .... IS IT RIGHT SIR OR SOME OF MY ILLUSIONS?
Ramesh S Damani : I believe it can.
vikas : there is a company by name of MICRO TECH which has developed BLACK BOX for car security . Any idea . Stock has jumped from 20 to 40
Ramesh S Damani : Keep an eye on it. Still a young and speculative company.
kcs : SIR , ARE THERE ANY SCRIPS IN THE BREAKOUT STAGE WHICH ARE KNOWN TO YOU . IF YES, CAN U PLEASE GIVE ONEtHANKS DEEPAK m
Ramesh S Damani : Honeywell, which I own, has just made a 52 week high.
DeepakM : Would you say Honeywell still has steam left ???
Ramesh S Damani : It should cross its 52 week high.
ushav : SIR YOUR OPINION ON SPANCO TELESYSTEMS. THEY HAVE 2500 EMPLOYEES IN THE BPO SETUP AND CATER MAINLY TO THE INDIAN LOCAL MARKET; IN FACT THEY ARE THE MARKET LEADERS
Ramesh S Damani : You are right, I just don't know about management ability.
Prabhu : sir, Arvind Products, is it a textile script ?
Ramesh S Damani : Yes.
SUDHIR : SIR WHAT ABOUT MACMILLAN , IT IS STILL LANGUISHING AT 340/- LEVELS WITHOUT VOLUME
Ramesh S Damani : It is, though technically, it is looking good.
HelloDamani : ONE CURIOUS QUESTION SIR, HOW MUCH PERCENTAGE OF UR PORTFOLIO HAVE U ALLOTTED TO MCDOWELL?
Ramesh S Damani : I am entitled to some privacy? It is more than 1% at this time.
Amit : Arvind products :
what are they into ? How is CENTURY TEXTILE , they have cement dicison also which is performing well
Ramesh S Damani : Textile company of the Arvind group.
mariamaria : regarding ub yu are correct it is too huge and confusing the prospectus never made sense to me hence i asked yu
Ramesh S Damani : Just remember that the company m-cap is around Rs 120 crs. That can't be fair value for a company that owns 40% of the beer market.
blues : i am holding 500 Max.Should i tender or hold? is there a chance it can appreciate further?
Ramesh S Damani : I would tender if I am looking at 6 months horizon.
SUDHIR : SIR ONE MORE TIME .DO U FINDELDER PHARMA ATTRACTIVE
Ramesh S Damani : Sorry, I don't follow it.
ahmedabadguys : Mr. damani your openion on Banco products/ GMM pfaudler/ Eimco elecon scripts?? Good dividend and low market cap
Ramesh S Damani : They are. I own Banco among them.
ahmedabadguys : Sir what will be effect on STT implementaton on Midcap buzz of this days??Lot of readers here must have good exposure to them
Ramesh S Damani : Volume may fall and pent up selling will take place during the first 2 weeks of October.
HelloDamani : SO WHICH IS THE SCRIP WHICH OCCUPIES THE BIGGEST PIE OF UR PORTFOLIO? PRIVACY APART :-)
Ramesh S Damani : I prefer to keep it private. Let's talk about ideas and issues not my portfolio.
newbieatcsock : arvind products whats the invetment rationale,there were rumors earlier the company would be merged with arvind mills, have you see atul products
Ramesh S Damani : Just a small bet to begin with. They are getting ready to export ready made garments post 2005.
chandani : sir TATA TELECOM i tendered at 220/in buy back and it soared to 365 should i enter at this stage again for any upside??
Ramesh S Damani : I would not chase the stock.
baracuda : have yu read the ub holding annual report mallya seems very optimistic that value will be unlocked and ther is no doubt that there is a lot of valuable items in that co the only thing that may not be of much value may be mallya himself
Ramesh S Damani : Unfortunately.
blues : Thanks for reply my question.Is Mcdowell oone of the scrips which may get affected in the first 2 weeks?
Ramesh S Damani : Ones that have had a sharp move will.
anaam : Sir, As per your reco I have bought Simplex Concrete...@ rs 89..Is it still a hold or sell???????
Ramesh S Damani : It has had a good run up, so unless you plan to hold 2-3 yrs, book some profit.
DeepakM : Teach me this trade Mr. Damani. I learn quickly. And I shall owe you one.
Ramesh S Damani : Start by reading 4 hrs a day.
newbieatcsock : sir i read the ub prospectus, the numbers about the ariline travel was interesting, do you think ub has made the right decision though.
Ramesh S Damani : I doubt they can make money on that model.
ahmedabadguys : Sir compare to skf bearing ...Fag bearing scripts look more cheap/better div. /low marketcap..both MNC
Ramesh S Damani : iIt is but it is more ill-liquid.
AJAY : IT WAS MY THOUGHT THAT HLL HAD PRETTY MUCH TOUCHED BOTTOM AND THAT THE ONLY WAY LEFT FOR IT WAS UP. AM I RIGHT?
Ramesh S Damani : iIt might test its bottom again but patient investors will make money.
Amit : SUVEN PHARMA : Only good mid cap which is langishing at these lvels. ANy problem or can we buy now . GLENMARK : How many more upper circuit left .rgreat going
Ramesh S Damani : Suven is 2 paid up. Glenmark should open on Wednesday.
Amit : ABC INDIA : Heard of this logistic company which is on strong turnaround. Any idea
Ramesh S Damani : It is ABC Transports.
newbieatcsock : sir nagarjuna constructions i remember you once talked about it, what future do u see for the company, am very bullish on the sector on a whole, u think the company still has a way to go.do u own the company ?
Ramesh S Damani : Yes it does, I still own it they are doing well.
Sharad : Sir, Your views about Aegis Log. at curr. value of 35/-??????
Ramesh S Damani : Good mid cap idea, I own it.
mavrick1 : 4 baar pucha..aur no reply..bahuuut naainsaafi hai ramesh bhai...bol na..bajaj hindustan aur dlink kaisa hai..6 months ke liye..
Ramesh S Damani : I like both though I own d-link. Bajaj has a commodity cycle so be careful at peak prices.
Amit : MEDIA : 26% FDI allowed. TV TODAY and NDTV great benefiaciry . can we buy these at current levels
Ramesh S Damani : Yes, money will flow into these stocks from FII.
Amit : ANY SCRIP WHICH U FOUND MUST INVESTVENT AT THESE LEVELS
Ramesh S Damani : No
shashi : Sir, we missed u at the Bangalore Investor Camp of CNBC TV-18. Are u coming here on any other work / meet ??
Ramesh S Damani : I could not make it due to family engagements. Will see you all next week. Bye.