stockcrazy : damani ji wish you a very merry xmas. i have sold my mcdowell and bought into arvind mills was that a wise decision? as mcdowell is coming down sharply so i booked lil profit and exited.
Ramesh Damani : Hello everyone. Thanks for joining. Let's start. Investors must make own decisions.You should follow your own convcitions.
KATAKIA : ON TRACK SYSTEMS with a small equity base of rs. 5 cr is entering into HR outsorcing with its base in cal. have u had a look at the company.
Ramesh Damani : Yes, but have no great details on it.
impatient : Hello Sir, is VSNL a buy or wait&watch at current levels. The stock seems to be receding fast in the past 2 days.
Ramesh Damani : I can't and won't comment on every day price movements. Also I never know the reasons.
xyz : sir can we buy Hinduja TMT at current level
Ramesh Damani : They should do well over the next one year.
JesseLivermore : Sir, you've held UB holdings, you hold Tata Investment Corporation. By similar logic, do we assume you also hold Jindal Strips?
Ramesh Damani : No I don't. The quality of the underlying assets is also important.
shanth : Rameshjii at the outset wish you very happy profitable new year 2005 and joyable new year your family on behalf of all of your fans. Your last year top picks GAIL,SBI & sundaram fin. has not lived upto your expectation.Why? We request your top picks for 2005. Thanks.
Ramesh Damani : I am pretty happy with them. They are great companies doing well. When the market rewards them is the marekt's prerogative.
baracuda : do yu see the margins of nucleus also coming under pressure due to a rise in the rupee and the wage bill,even then do yu still recomend a buy
Ramesh Damani : It could but they are becoming a product company and that should protect them.
chints : HEllo sir any idea abt SAnjivani Parrental?
Ramesh Damani : No knowledge.
stockcrazy : damani ji I met you on the CNBC masterclass and benefited immensely from your lecture.now i wont sell my tata tele just because it double i will keep on holding it for a very long time.wish you a prosperous new year.
Ramesh Damani : That is the idea. Water the flowers not the weeds. Overtime this strategy will help you a lot. It may not be good over one stock.The principle is ride your winners and cut your losses.
KATAKIA : IA says, UB HOLDING will start generating revenues in the form of rentals from the current quarter. does it look a compelling buy at the current levels
Ramesh Damani : Stock looks cheap to me. I own it. It is going to be Mallya flagship company.
pawan : sir last week you said you will give new stocks this week. will you give it today sir
Ramesh Damani : Don't have any new ideas. However some of the stocks I have recommended previosuly looks good to me.
Sharad : Sir I also want your view about the Fertilizer ind...they have 8 yrs cycle and with the FM's views about Fert. Subsidy ,your pick in this segment????
Ramesh Damani : I own EID but have no great insight in this sector.
sanujkadavil : SirUB holdings ,definitely becoming the flagship of UB group. And it holds the huge and valuable assets like Mcowell, UB beer, aventis, UB city kingfisherairlines. Yesterday businessline quoted about UB holdings and says value of their listed investments equals to 340rs/ share.
Ramesh Damani : I read the article. I think when they launch the airline it will attract fresh attention.
ruthwick : Hi, Corporate governance is much to be improved. Room for transparemcy and disclosure norms need to be improved. But for the differences between the brothers, we would not have come to know about sweat deal in Reliance. In this regard, how sanguine your judgement to go long term investment in India. Your comments please.....
Ramesh Damani : Corporate governance world over is to be taken with a grain of salt. Only very very few companies actually follow it in spirit and letter.
Madhu : Hello Sir,Advance Happy New year
Ramesh Damani : Thanks the same to you.
sunil : SIR WHERE DO YOU SEE THE RETAIL INVESTORS FROM HERE ON
Ramesh Damani : They will have to enter the market. No other options.
baracuda : i suppose yu read that gillete india has now been included in the asia pacific basketand the process of restructuring at top managerial level has started do still like the co as a long term investment
Ramesh Damani : Yes, I think so.
Ramu : Why has the stock market Bull Run has not been hampered by the tsunami?
Ramesh Damani : Bull markets climb "seas" of worries. Tthat is the truism.
JesseLivermore : Sir, Jim Rogers is bearish on India. Recommeds Short selling. You read his Fortune Interview?
Ramesh Damani : No, but he is bearish. He is bullish on commodities.
pawan : sir all the low price stocks snalyst says dont enter. example hfcl was once 700 .. 8 days ago it was 8. now it is 17. sir its a cycle the stocks at 1000 would become at 10 & vice versa. whats your view on it sir'
Ramesh Damani : I don't believe these things.
shanth : Dear sir, I am listing your favorite stocks. Please rank them for the benefit all chaters. Godfrey, VST,GAIL,UB holding, Nucleous, tata Elxi,Venkeys Sundaram Finance, Honeywell,Tisco, VSNL,aravind products, Shri Raj, IGL, Gujarat gas, Swaraj Engines etc. Thanks
Ramesh Damani : The list is too widespread. Looking ahead Nucleus, Elxsi, Balmer, Honeywell should be good. I own them all.
ruthwick : Thanks for the reply. Regarding the product development S/W companies, we had a very bad experience with Visualsoft. Why and How do you think Nucleus Software is going to be different? What are the products it is developing? How can they withstand obsolence and piracy??? I am just curious.... Most of the prodcu development companies are not getting discounted properly in US? What are your comments on I2 technologies?
Ramesh Damani : Look at the market caps and quality of balance sheet. Visual at a peak had a market cap of over 6000 crs. This is touching 250 crs.There are no guarantees of course. I own Nucleus.
KATAKIA : how much dividend payout do u expect from swaraj engines.
Ramesh Damani : Between Rs 15-20. I own it.
shanth : Bharat ratna Ramesh S damani the stock market should do some thing to our beloved brothers who lost thier lives. Why it is not correcting for the natural disastor?! A strange thing which can happen in india alone?!
Ramesh Damani : I think they will and we can do it as individuals. By giving money to the PM's Relief fund.
sreedhar : SIR, PLEEEEEAAAAAAAAASSSEEEE Recommend some pharma stocks..b/w cipla, indswift and aarthi drugs, which one will u prefer???
Ramesh Damani : If I had to buy one I would buy Cipla.
warrenbuffet : Can anyone tell me Which stock is UB Holding? What is its price? NO ONE IS ANSWERING ME. Mr. Damani If you could.... I bought one at 108. IS THIS THE RIGHT ONE
Ramesh Damani : That seems right.
susmita : goodevening sir , pls let me know ur views on ispat industries ,sonata software , national steel & agro , supreme petro chem. if u were to pick from this , what would be ur pick?
Ramesh Damani : I don't like to comment on individual portfolios.
Madhu : Sir, is there any equation to calculate the stock price based on EPS,PE and MarketCap etc?
Ramesh Damani : eps*pe= Marpet priceMcap/nos of shares outstanding - price of share
sudhir : sir a lot of your stocks like macmillan, sundaram fin are untouchedin this bull run .do u think they would hold value when the market corrects
Ramesh Damani : It depends on your price point ... Mcmillan and Sundaram Finance were110 at the 2003 lows. They are currently at 350 and 260.
Sujal : Hello Sir, i am a finace student . i was doing a survey about valuations of Sensex stocks. Among on of the cheapest is Tisco. Last years peak was at 10X FY04 EPS. This year people say it will have a EPS Of 55 so what can be right Pe for this cyclical stock. Please answer
Ramesh Damani : That is difficult to decide. Market decides that. The wisdom is to buy cyclical stocks at high PE's and sell them when they are at very low PE's. Having said that Tisco looks good for a little more.
pawan : sir are you bullish on tisco ? please reply sir
Ramesh Damani : Yes
ashu : sir when you coming on taking stock , we need some sensible talk on taking stock .. is Nucleus still your favourite pick at the moment sir when you coming on taking stock , we need some sensible talk on taking stock .. is Nucleus still your favourite pick at the moment
Ramesh Damani : I
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like the stock a lot.