NRNPM : Sir, When are you coming to Chennai. We want to invite you to Infosys Campus in Chennai
Ramesh S Damani : Hello everyone. Thanks for joining. Let us start. Send me an invite, it would be nice to come
balchan : The Reliance imbroglio - it looks like more skeletons will tumble out - what is your view on a group that has done extremely well albeit in an opaque fashion?
Ramesh S Damani : As AA (Anil Ambani) said 'long hours and long days.'
Mayank : Hi Mr Ramesh. There are lots of broker firms providing of on-line trading services also, can u suggest one service who is the best & providing the good service with minimum brokerages, etc?
Ramesh S Damani : Don't really follow them. Sorry
NRNPM : Sir, investors here wait for you more than they do for their girl friend
Ramesh S Damani : Thanks that is a great compliment, but I am sure the GF is not Aishwarya
amandeep : Sir , thanks to you I was able to get my daughter married off. I have been a follower of you for a long time: BEML at 2 digits. I however have just one more query. I have Wockhardt at a cost a little more than CMP. Should I hold it for a year or any better choices? God bless
Ramesh S Damani : It makes my day. It is so nice of you to say so. Good luck. I have no view on Wockhardt at this time.
paisapower : Mr Damani, successful people are modest and simple and if ever I can say who it can be, it would be you one among them, it is great that your are taking your valuable time out and helping small investors like us. It is amazing that almost all of your picks are doing great, we cannot ask more but "investment is an art" as you said once, what more can we expect form here, someone today on moneycontrol.com said the sensex will hit 10,000 in 5 years. Any insights? Once again i thank you, rediff. com & moneycontrol.com
Ramesh S Damani : I enjoy it. And remember, in a bull market everyone is a genius. All stocks go up. Protecting wealth in a downturn is the hallmark of true genius. Thanks anyway
rksachan : Sir, Do you think Godrej Ind is still uder value and good appreciation possible?
Ramesh S Damani : It looks okay to me
SanjanaR : Thanks for all your help sir.. I now don't need a loan to finish my studies.
Ramesh S Damani : Wow. Everyone is being friendly today. Thanks
sanujkadavil : sir yesterday mallya says he is looking for IPO of Kingfisher Airlines after launching. do you think its value unlocking and he is not looking to sell aventis holdings for that.
Ramesh S Damani : yes, and UB Holdings should benefit greatly from this. i own it
optimist : Dear Mr Damani, I have been following you chat for the last 2 months with great interest. I have tried asking you questions in this forum but never got a reply. I would really appreciate if you can tell me your views on 1) D-Link 2) Venkys 3) Stride Arcolab 4) Cummins. You can choose not to answer all of them but would appreciate at least some response.
Ramesh S Damani : thanks, i try and answer interesting Qs or Qs of broad interest. I try to avoid individual stocks, since I may not know much aout them. THE 4 stocks you mention should have a good year ahead. I own the first 2
anand1973 : Micro Tech - Sir, YOU were check if they were doing good (company price has doubled since then @ 91 now, but hardly any volumes)?
Ramesh S Damani : i think price has run up too fast. book some profit
sanujkadavil : sir, what's your call on encore software , after the announcement of source code opening.
Ramesh S Damani : i recently added some, stock looks promising
DXBMAX : Sir, There is profit booking going on some of your favourite stock, like Tata Elxsi, opto circuit, Nucleus Soft. Are these stocks attractive now. Are fundamentals still strong? Can we buy them on long term view?
Ramesh S Damani : i think so
sudipto : Sir pl tell some new undervalued stocks or some recent picks of yours. Y'day MD of Nucleus Software came to the CNBC -tv 18 and he said he is trying to make Warren Buffet make an investment in nucleus software. Pl throw some light. What he actually means to say? Thanks
Ramesh S Damani : he wants to build a co Warren would admire, not necessarily invest in
Mayank : Mayank:- market will become very volatile before Budget in Feb 2005? So as a small investor, we should take caution or invest on continuous basis?
Ramesh S Damani : i would remain invested
benG : TV18 has been in a 160-180 band for a while. Competition from NDTV at the anvil. Is TV18 a value buy at the moment?
Ramesh S Damani : i think so. i recently bought some
sureshmakhija : sir ji good evening. U told about tata tele service now they r coming with right issue and they had already so huge equity of 3302 crores what u think now abt this company plzz comment thanx
Ramesh S Damani : where did you hear about the right issue
anand1973 : Sir is venky's a multibagger? what is its line of business?
Ramesh S Damani : hatchery
amandeep : sir , thanks for replying would you suggest I buy anything else. Lets put it this way: the respect and faith we have in you would get us to sell the shirts off our back and invest it in a scrip if you said that was a good choice. Please sir do give me one pick. I will exit Wockhart
Ramesh S Damani : i would look at Nucleus for 1-2 year investment
Sewa : Sir your call on nelco. Apart from sensors for defence they were planning to get into Aritificial Intelligence Tools for a oil company in US.
Ramesh S Damani : i am going to read the latest balance sheet
suk : Sir, MICO was trading at Rs 16000 and suddenly fell to Rs 1300 on July 7th. I could not find the reason. Is there something really wrong. Is this a good pick?
Ramesh S Damani : u mean 13000> ???
DXBMAX : sir mico had a split, think 1:10
Ramesh S Damani : that would be correct. i think
xyz : Sir can we buy balmer lawrie and arvind products at current level and what should be the time horizon in our mind when we buy it?
Ramesh S Damani : yes, at least one year
sanujkadavil : sir, have you looked abee-info consumables. pune based company making catridges. company recently launched catridges for ink jet printers. 98% of indian ink market controlled by epson, canon , hp. company is on major expansion.
Ramesh S Damani : what is the full name of the co
KRR : Sir again... your views please, i am too intoxicated to decide :-).... Good evening Sir... it looks like the whole market is running after liquor stocks and your followers like me who are holding those since long are totally intoxicated (i don't drink though)... is it time to book profits partially or should continue to enjoy the joy ride? :-)
Ramesh S Damani : Difficult to say. However stocks are closing at high end of price band, so steam is let. M cap is still small
praveens : indiabulls is on bull run. your views?
Ramesh S Damani : well valued
Kans : Ramesh ji, Do you think the market at the current level still a place to put one's money even if one is selective about the stocks ?
Ramesh S Damani : i think so
AnandBBhatt : Hi Sir, how are you, how is Torrent Cables doing? What's the latest news?
Ramesh S Damani : no recent update
NRNPM : Sir, please let us know, we want to invite you to our Infosys campus, Chennai
Ramesh S Damani : who would invite me, Infy co or some staff organisation
vikas : Nucleus: Is GMAC such a great deal that u are ready to wait for 1-2 years for true value to be unlocked
Ramesh S Damani : not for gmac. it is a good co run by good people and they should do well
StockLover : The market has moved up by nearly 25% over the last three months. Yet the ITES sector consisting of HTMT, Mphasis, Macmillan, Tata Honey have all stalled. Why is this so ? Surely the dollar should not have been a concern to the ITES sector, as the IT industry consisting of Infosys, Wipro, TCS and Satyam have all raked in substantial gains during this period
Ramesh S Damani : trying to understand market timing is not easy,
sanujkadavil : sir, abee info consumable ltd. pune base dcompany bse code- 530833web- abeeinfo. comlots of news on this company in last two years. they have dial and easy fill project in pune. so we can just make call and they will come and fill the ink. they looking 100 abee shops across the country, i will send a some more news later
Ramesh S Damani : thanks
barkha : Sir, something is happening in Godrej Ind today. Any idea?
Ramesh S Damani : Serious buying?
kvg : sir do you have any idea on BOC India and TRF. if yes please throw some light on them. sir please say yes or no so that i can ask something else.
Ramesh S Damani : boc should do well. i am studying it
katakia : yesterday's comment of attracting warren buffet as a potential investor by mr dussad of nucleus was obviously in a lighter vein. but do you see such comments separating boys like him from the men like CEOs of bigger tech cos?
Ramesh S Damani : i would not read that much. However he is an exceptionally good CEO
warrentomorrow : I think SELLING is more difficult than BUYING. What is your view?
Ramesh S Damani : both are hard, but selling may be harder
ak : Sir,
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any recent buys?