stocktalk : Sir, Vidiocon is launching 45 new items in consimer durable product line in short span on TV, White goods etc. Is it worth to pick up the stock? I bought Century Textile at 117. To what level it can reach in Janyary 2005.
Ramesh Damani : I have never been impressed by Videocon's business model.
ushti : sir i am a housewife closely follow yr views; holding lflex hind oil explon,chambal ferti,rel infra,nocil,solectron,rel capital,longterm and divinded yield in view;pl tell am i on right track or should i sell at any short term gains.thank u for yr views
Ramesh Damani : Thanks all for joining. Lets start. Your portfolio looks like a mixed bag. I would trim some of the holdings like Nocil etc.
Warren : Sir, What are the prospects of Moser Baer? The IT Hardware industry should do good. Their INDIA sales are also increasing.
Ramesh Damani : Somehow I am not convinced about its management potential. They need too much capital, and payout is small.
ddaga : Sir what do u think about Logix Micro
Ramesh Damani : Speculative share for poeple who like high bet shares. I own some. The company is doing well but still not out of the woods.
ytytytytytyty : It is a classy bet right now...I have Tata Infotech
Ramesh Damani : I think they will have a good year, I own it.
ataenoor : sir, an anlyst in valuenotes written in his column in valuenotes.com that sensex can slide to 2000 level in 12 months what do u say?
Ramesh Damani : I seriously doubt it. Even if we have a global terroist catastrophe.
srreedhar : sir, what about HINUSTAN LEVER FOR LONG TERMINVESTMENT
Ramesh Damani : For a 3-5 year view.. yes.
srreedhar : SIR WHAT ABOUT BIOCON FOR LONG TERM 1-2 YEARS
Ramesh Damani : Let's see the next year results. It is too early to tell in my opinion.
ddaga : WHAT ABOUT INVESTING PRESENT IN SUNDARM FINANCE AND TATA ELXSI
Ramesh Damani : Wait till you see Tata Elxsi results. Sundaram Finance looks good at the current time. I own both.
RRD : Dear Damaniji,Kindly advise on your old recommendation Shree Raj Syntex, it is moving and whether it shall cross Rs.25 in 6-12 months.
Ramesh Damani : I have booked some profits. I still own Shri Raj.
rakshesh : hi damaniji, financebill is not clear on taxation for derivatives. Is it true that from April2005, derivatives will be taxable ob par with short term capital gains?
Ramesh Damani : I doubt it, they will be treated as business income.
avinashi : Damani Shab, I am holding huge volume (1200) of Sundaram Finance. I am thinking of little diversion into PSU. What about your suggestion on Sudaram's Growth.
Ramesh S Damani : I would hold on to Sundaram Finance. It is doing well and they have got a Rs 10 cr BPO order. I am not hot on PSUs.
rakshesh : damaniji-- should one buy TCS with intension of short term profit soon after listing or hold on for 1-2 years?
Ramesh S Damani : It will be a glamour stock and should give appreciation on listing.
Kriparam : Hello Sir,I want to know your opinion about Oil PSU's like IOC,BPCL & HPCL at current valuations.
Ramesh S Damani : Be careful over the next few months as profits may slip due to high subsidy.
RRD : Dear Sir, Tata Elxi is for long term Investment?
Ramesh S Damani : Yes.
sanujkadavl : SirWhats ur view on indo-rama synthetics. market is bullish on Indian textile story. But indo-rama not in the branded segment like arvind or zodiac, but last year was wonderful year for indo-rama , they paid rs 4 on a eps of 14. even at current rate it is trading a p/e of 4.5, compared to arvinds 14. would you buy this stock as value buy in short term
Ramesh S Damani : They are doing well but I don't follow the co closely.
anu : Damaniji when e-serve open offer will be announceced and what price are you expecting. Thanks for your reply
Ramesh S Damani : Maybe in a few weeks. No date is fixed yet. I think I would like to bid at a price of 900-950.
sanujkadavl : SirLiquor industry , (our emerging theme) which contributes a massive 25,000cr to various state govt as taxes and duties.. but the organised Indian liquor companies valued only 1000cr. But how mr.mallya transform these in to balance sheet
What I understand is, he is spending too much money to acquire major and reqional brands, also spending lot money for brand building. I think 1n 3-4 years he might control half 50% of Indian IMFL and BEER market
..
Ramesh S Damani : Yes, and he could then sell the stake at a huge price. However so far he has not delivered for shareholders.
HiRDamani : WHY IS SUNDARAM FINANCE NOT MOVING UP. SINCE THIS IS ONE OF UR CORE HOLDINGS, THIS WUD BE HAVING THE POTENTIAL TO GO UP , SAY 5-6 TIMES, BUT THAT CANT HAPPEN OVERNITE.IT SHUD SHOW SOME EARLY SIGNS WHICH IT IS NOT SHOWING.THANKS IN ADVANCE
Ramesh S Damani : You can't predict when a stock goes up. You buy good stocks and leave going up or down to markets. It has held value in a bad market that is a big plus.
m] : Sir, Please give feed back .whether u got the chance to visit and meet the management of NELCO. How is the company doing.
Ramesh S Damani : They have not given an appointment yet.
sg : NTPC is also coming up with IPO? Your comments?
Ramesh S Damani : Dull response.
anuaga : Rameshji on your advise I have puchased Blustar info. The stock is not moving up. What is your rec.
Ramesh S Damani : I would book profits at this time.
HiRDamani : ANY PARTICULAR NEWS ON BALAJI TELEFILMS? IT IS SHOWING SOME SIGNS OF A COMEBACK , CAN WE EXPECT IT TO BE CLOSER TO 100 MARK ONCE AGAIN IN NEAR FUTURE?THANKS IN ADVANCE
Ramesh S Damani : No news. Let's wait for Q1 results.
ahmedabadguys : Sir what is your prediction about market movement in case we have a not so good monsoon in some parts of India and with the revised T.O. Tax announcement by FM tommorow..
Ramesh S Damani : Bad monsoon would be bad news for the market except tech.
rakshesh : damaniji, you have been a fan of TISCO- can I buy it with 3 years view?
Ramesh S Damani : Difficult to take a 3-year view on Tisco or steel prices. Current year should be good.
m] : Sir, One of your recommended stock was OPTO CIRCUIT.They have declared excellent result .30% dividend and bonus1:10 and having growth of 50% in top line.Excellent Finding .Thanks for recommedation
Ramesh S Damani : The bonus was 3:10 I believe.
HiRDamani : WHEN U SAY, U TRADE IN SOME 'X' STOCK, DOES THAT MEAN U FIX SOME TARGET PRICE FOR THAT STOCK... AS FAR AS I UNDERSTAND, U DONT DO THAT....THEN WHEN U EXIT SUCH A STOCK... THIS QUESTION IS ONLY FOR THOSE STOCKS IN WHICH U TRADE AND IS NOT ONE OF UR CORE HOLDINGS.BASICALLY I WANT TO UNDERSTAND UR TRADING STRATEGY.THANKS IN ADVANCE
Ramesh S Damani : Trading stocks I buy and sell from time to time. I rarely go short. However, I rarely have fixed price target and just try to play the movement.
Amit 2 : BALAJI TELE : There is positive FII report on balaji. News flow have started coming in. Do u think after flat last year , it is getting ready for new take off. Any targets or u still beleive it will be more than 200 in 2 yrs time as suggested earlier
Ramesh S Damani : I would think so. Growth has been a problem but she is working on a new stream of progamming (MTV)and she has a rock solid balance sheet.
Lipika : Good eve, Ramesh. I
am your fan. Please cast your light on why M&M is so volatile. Where is it expected to go within December?