ajay : ramesh,i think the budget is not such big issue for stock market as people make it to be. indian stock market follows the global trends..so i think rising intrest rates in US ,slowing chinese economy and possible terrosit strike in US,will have more impact on market as long as basic economy of india remains strong???
Ramesh S Damani : Thanks for joining, Let's start. I think you make a good point. Despite 14 budgets we are still around 4500 levels since 1992. Good point.
AlanGreenspan : Mr.Damani, on ur advice in this chat I bought Agrotech foods, it was in upper circuit today, 10 % up. There was an article about Agrotech in Hindu businessline yesterday. There were over 100,000 shares traded today. Do you think Rakesh Jhunjunwalla is increasing his stake by gradual buying?
Ramesh S Damani : I think people liked the balance sheet, which just came out. I dont know what Jhunjunwalla did.
vikas : In NDTV Business weekend news : You said that FII who are only capable of driving market will not activily participate even if budget is good because of interest rate then shall we assume1 bull market is over2. why are u still bullish and keeping 100% in the market3. when will sitaution change and what incidence will make it change
Ramesh S Damani : Valuations are in favour of the buyer. We just have to be patient. May not be an immediate rise in the market.
rj : what is happening to godrej ind stock? why is it going down despite good results?
Ramesh S Damani : I was pretty happy with the balance sheet and the results. Outlook seems good, I would remain invested.
vikas : since last week when we chat id there any change in your views. Are we heading for collapse from tomorrow
Ramesh S Damani : Not really, remain invested but lower returns are expected.
malik : sir, i am keen to buy stock FOUR SOFT ltd, which has recent IPO also . It is hovering at Rs 20 where as IPO was at 25. what is you view on the stock.Will you recommend this stock
Ramesh S Damani : I bought some in the IPO, however, it is a holding stock. NO news on it yet.
Ramji : Ramesh, Although the Budget may not have a direct impact on the market, wouldnt the entry of FII after the Budget improve the morale of the market.?
Ramesh S Damani : If they invest certainly...
vikas : Sundaram Finance : Last chat u said it has 3 sub and BPO but what is so special about it that make you to include this scrip in your core portfolio and edge over macmillan
Ramesh S Damani : Good solid company at a honest valuations, the subsidiaries are going to grow in size. Macmillan by the way should report a good quarter. According to the AGM notes ITES business should grow 40 per cent this year.
vikrant : hi sir ..... with the incresing risk of a selloff in the global markets particularly the US with the housing bubble set to bust .... and the dollar going up ... so the gold will go up . are there any stocks which will go up with the price of gold or we just have to play in guld futures
Ramesh S Damani : None really in India. Maybe Deccan gold mines which hunts for gold. But I would avoid it.
vikas : TURNOVER : First time i have seen you being negative / oppose about right thing. We beleive its good for investor and FII and soon investor will adjust like they did when badla was stopped. Is the sitation not so staright as i am talking
Ramesh S Damani : It makes no difference to the invetors but traders arbitrages would not be able to work and volume will decline in the market, that would be no good.
Ramji : Ramesh..Is there any reason why Visual soft is trading at such low levels...?Also is there any chane of Satyam going north above 350 in the near future.
Ramesh S Damani : Market seems to have given up on Viusal. As far as Satyam is concerned, it may go up if technology stocks continue to flourish after Q1.
vikas : Macmillan : u said 40% topline growth with margin intact in IP division that alone will give topline 84 crores with around 40 cr. profit so Macmillan can easily cross 46 cr. profit which is 50% growth on bottomline and takes EPS to 27 . Why there is no interest in Macmillan such a good company with continuous growth track record is not catching investor eye
Ramesh S Damani : Your analysis is correct. I think if they deliver this quarter, the market will start noticing.
rrd : Dear Sir,Please suggest any companies catering to agriculture sector
Ramesh S Damani : KSB Pumps, VST Tiller and Finolex Pipes are some. I own the first one.
ankit : Sir,Cogratulations....When markets were extreemly weak & all the so called fundamentalist & techies were bearish you were the only one (inspite of weak technicals)bullish on this market.We accumalated shares like KPIT,Tata Elexi,etc & thanks only to you.
Ramesh S Damani : These things keep changing. Market has a strong resistance at 5150 so it may pause there.
vvinay : sir,you spelt in media recently that warren buffett/templeton are sitting on cash also recent article by swaminathan in t.o.i. pointed towards buble building in us economy due to inflated prperty prices ,if that is true our markets will also be severly impacted like the tech buble of 2000
Ramesh S Damani : That does worry me. When the smartest investors are sitting on cash. However, I am well invested.
vikrant : is the diversification of NDTV 24/7 into a business type channel competing with CNBC- TV18 a good idea and what could be the effect on stock price
Ramesh S Damani : It is too early to say if the experiment will succeed. CNBC has a lock at this time on business viewing.
kan : with the next 2 years in view what sectors you would recommend - that are low in valuation now and expected to raise in the 2 years span ?
Ramesh S Damani : IT enabled, liquor, fmcg and media.
AlanGreenspan : Mr.Damani, lots of small companies who fail to pay listing fees, get delisted. leaving investors stranded. Have you considered charging a one time listing fee from companies, to prevent this from happening?
Ramesh S Damani : It would create a huge burden on the companies. However, there should be some via mechanism to prevent this.
kan : Ashok LL in particular and Heavy vechicle industry in particular - what is your view in the next 1/2 year time span sir ?
Ramesh S Damani : I think the prospects are good.
vikrant : sir ... what are the certain books u would recommend on investing or certain websites to reffer to for more knowledge on the mkts
Ramesh S Damani : Look at earlier columns in archive for books.
ans : what will happen to the market tomorrow ? will it be a repeat of 05/17 ??
Ramesh S Damani : I strongly doubt it.
kan : Oil prices still hanging firm I suspect the smart investers' holding cash makes sense. Do you foresee any issue with the continued firmness on the oil price front ??
Ramesh S Damani : Rising oil is cancer for equities
vikrant : as u think that we are in a secular longer term bull market -- what could be the top for the mkt 1 year from this point ... plz give sensex range
Ramesh S Damani : Somehow these predictions are rarely accurate.
jesselungmore : SIR, SBI - WHATS YOUR VIEW. AND HOW COME IT IS, THAT PEOPLE ARE SO BULLISH AT 650, AND CAUTIOUS AT 440. SHOULDN'T PRICE CORRECTION MAKE PEOPLE BULLISH ON THE STOCK.
Ramesh S Damani : That is not the way stock markets work, the PE is the collective wisdom of the market, I still own it.
Giri : Sometime back you told that you don't believe in Averaging. What is the diff between averaging and accumalation?
Ramesh S Damani : Averaging is buying because share price has gone down. Accumulation is buing over a period of time at low and high prices.
AlanGreenspan : Mr.Damani, perhaps you can ask for a bank guarantee which can be invoked when a company defaults on listing fees. The amount involved is a fraction usually compared to the entire market capitalisation of an
average company, all of which comes to naught, in the event of delisting from BSE. The people who shirk their responsibilities and the people who suffer are different, entirely.