vamseekrishna : sir,today sensex closed (-85)below 6250 level, so where we can expect it togo in short term.
Ramesh S Damani : Hello everyone. Thanks for joining. Let's start. Market has made an intermediate top but I think we are close to the trading lows. Market should rebound in the next few days.
neeraj : Dear Mr. DamaniWhat is your opinion on pharma stocks especially Nicholas,Glenmark,glaxo
Ramesh S Damani : I am selling some Glenmark. I like Glaxo. Hold on Nicholas.
JM : Hi Rameshbhai, In your previous chat, you have mentioned about China becoming exporter of steel again after a long period. How genuine is this news and is there a way to verify it?
Ramesh S Damani : Search the Asian Wall St Journal, they had an article on it.
Tintin : I hold a portfolio comprising TCS,Wipro,NTPC,Reliance Ind,UB Holdings and Tata Teleserv.....your 2 cents on this :)
Ramesh S Damani : It seems good to me.
chandani : sir DO U SEE GOOD OPPORTUNITY TO BUY STOCKS?? if yes which r your favOURITES now??AT THIS LEVEL NUCLEUS 165 BHEL 226?/
Ramesh S Damani : BHEL is not 266 closer to 640. I like Nucleus and recently I am looking at Aegis Logistics.(60)
JesseLivermore : We should pay more attention to Jim Rogers, Sir. He's right more often than wrong. This last week included !
Ramesh S Damani : I agree.
stockcrazy : damaniji I am asking the obvious .. how low the market can go?
Ramesh S Damani : It's close to a short-term bottom.
milind : Good evening sir, a couple of weeks back I have reffered to you about a company named Fast Capital Growth (FCGL) having sold some lakh shares of Guj NRE coke yet having 37 Lakh shares of the same. Any views sir on the counter?
Ramesh S Damani : Unfortunately no.
yahoo : rameshbhai, i know u fancy pentamedia..any specific reasons why??
Ramesh S Damani : I don't fancy it.
JesseLivermore : Micheal Steinhardt in John Train's Money Masters talks of program trigger selling by Index funds. While in India we don't have a Vanguard sized fund, still have you ever spotted such a thing? Was there more to last week than just Hedge funds running with their speculative money?
Ramesh S Damani : It is diffcult to come to a conclusion. However market fell from its own valuation.
nanpal : Damani Sir, I am very confused in this market, ie., whether to book profits and enter again at lower lowels or to hold on to the stocks thru out the BULL RUN.
Ramesh S Damani : I like to hold through the bull market.
JOEGRANVILLE456 : ramesh, have u read the COMMING COLLAPSE OF DOLLAR AND HOW TO PROFIT FROM IT????
Ramesh S Damani : Who is the author?
vikas : Looks like good correction going on. Which has thrown the best opportunity to grab NUCLEUS / TATA ELXSI / MCDOWELL / UB H / GODREJ IND
Ramesh S Damani : I own all these. However I would caution you against bottom fishing per se. Wait till Q3 results are out.
MALIK : The logistics sector is getting rerated and all analyst are bullish on that . which are companies u are bullish onlogistics apart from BL
Ramesh S Damani : Gati is another example.
deepakr : Should we buy Petronet LNG at these levels?
Ramesh S Damani : I would recommend an initial exposure.
william : Hi Mr Damani, reference press note 18 restructing and GPI and VST, what stops BAT and PM from setting up their own subsidaries and setting up their own marketing initiative instead of getting into a bidding war with ITC and the Modi's. They have the big bucks and we have seen what PM has done in Eastern europe and South America. Your views
Ramesh S Damani : It would take huge time and marketing effort. This is a quick and painless way. Also Indian management will now quickly come to a deal.
PractiCAL : I hope as an EARLYBird i catch u today....HCL Tech..is currently on the weaker side...IS it a good pick with a years Timeline. ?
Ramesh S Damani : Somehow I don't have too much convcition in the script.
Dharmesh B : Taking further, gas would be in demand, fortune magazine mentioned that US market is also looking in renewable energy (solar energy and wind power. It is considered to be slowly growing. All developed countries are into that (germany and spain). Whats ur opinion on renewable energy?
Ramesh S Damani : No co's to play it.
Sharad Bhatt : Sir, I would like to have your opinion about 2 comapnies.. 1 is bajaj Electricals & other is Bajaj Tempo ( I feel this is a very good time to buy these two stocks)...your views???
Ramesh S Damani : The first one (B ELE) is getting good analyst coverage. I don't follow the other.
TIKU : sir, for balmer lawriwe every body think of tour & travel business, but besides this it is also engaged in industrial packaging, gresces & lab., leather chemicals, cargo handling, turnkey project, container freight station, it services. also always made cash profit since inception in 1867. but still its value is very cheap as compared to other company. is management is not good or since it is psu no one is taking seriously. by logic it price should be atleat 500. what u think am i correct or not. please reply. thanks&
Ramesh S Damani : I don't know about the price target. It is a cheap stock and I am happy to hold it. Your analysis is correct.
vikas : Tata Elxsi : has been recommended as great long term play with animation as main growth driver. Dont u see this as multibagger along with crest in next 2 yrs.ANIMATION IS HUGE STORY WAITING TO BE UNFOLDED
Ramesh S Damani : I do. However it tends to be volatile quarter-on-quarter.
NAND : WHAT IS YOUR IDEA ABOUT INFOSYS RESULTS, WHICH IS GOING TO BE ANNOUNCED TOMORROW, iI THINK A LOT IS DEPENDABLE ON ITS PERFORMANCE AND FUTURE GUIDEANCE.
Ramesh S Damani : I have no particular idea but they are having a good quarter. Expect a solid performance.
william : Will ITC be willing to give BAT a toehold via VST. They will be worried about BAT trying to buy out their cigarette business. At the same time with the way ITC is diversifying who knows they may demerge cigarettes and sell out for a sizeable chunk e
Ramesh S Damani : Bat is currently running VST.
kcs : sir can we still buy surya roshni at these levels . are the charts looking ok to you . pleaseeeeeeeeeesir can we still buy surya roshni at these levels . are the charts looking ok to you . pleaseeeeeeeeee
Ramesh S Damani : They look okay to me. I would buy it at current levels.
chandani : does glaxo hve good future??there was one 'renewable energy' and we have NEPC INDIA in wind power enrgy.. your opinion..
Ramesh S Damani : Poor management in NEPC. They have not delivered.
ANAND : WHY THE TECHNOLOGY SECTOR IS UNDERPERFORMING ISPITE OF $ GAINING IN THE LAST WEEK OR SO, WHY WIPRO IS NOT PUTTING UP WEIGHT INSPITE OF AGREEMENT ENTERED WITH YES BANK AND ITS BPO ACTIVITIES AND EXPANDING ITS BUSINESS
Ramesh S Damani : Don't look at these things week-to-week.
baracuda : if the jet ipo is going to be sold at 850 and royal airlines has already been jacked up to 40 without even having an aircraft then mallya should be sleeping very well these days
Ramesh S Damani : I would tend to agree with you.
pawan : sir markets are down nearly 8 % from 6700 to 6222. howmuch more downside do you see. where do you see sensex in january 2005. 6000 or 6500 ?
Ramesh S Damani : We are in a range. My sense is we are close to a short term bottom. Market should rally as early as tomorrow.
sanujkadavil : SirPlease your views on ION EXCHANGE. The 225cr professionally managed water management and Solution Company trading a mkt/cap of only 55cr. and it has good dividend track record. Also they are in the booming water treatment market, also has exposures in organic farming products
Ramesh S Damani : It is a good bet. However management has not delivered somehow.
william : Okay if BAT is running VST as and when they buy out ITC's stake do u think they would buy out everyone and make the company private. Why would they share the profits of a frowing market with the local investors. Same for PM and GPI
Ramesh S Damani : Thanks to reverese book building that is not easy anymore.
kcs : sir how is kale looking to you at this point of time .
Ramesh S Damani : Good investment, low risk, high return.
SURESHMAKHIJA : SIR JI WHAT R U R VIEWS ON MOUNT SHIVALIK ITS HAVING THECOLLABARTION WITH COBRA BEER AND ITS IS THE LARGEST BREWERI IN INDIA
Ramesh S Damani : I am taking a look at it. If I decide I wil let the board know.
sanujkadavil : SirIn Sundaram finance and Godrej industries , huge wealth creation is not possible, unless they de-merge their BPO , INSURANCE, etc businesses. Do you think it would happen in next two years. I think in next two years BPO biz would mature , then they could look for value unlocking.
Ramesh S Damani : My sense is that they would remain part of the group.
ahmedabadguys : Sir what is your view on Shaw wallace stock?? Guide the board as your views can be very rewarding in light of its eminent takeover.....
Ramesh S Damani : Management is not known to help shareholders. I own some, but be careful. they have never delivered.
SURESHMAKHIJA : SIR IASKED U AT THIS TIME WHICH SECTOR IS LEFT FOR RERATING OR WHICH SECTOR U THINK IS MOST PROMISING PRESENTLY DONT U THINK THAT OIL SECTOR HAVENT PARTICIPATE IN THIS BULL RUN PLZZ COMMENT
Ramesh S Damani : I would look at media. If FDI comes in it would have a huge re-rating. Balaji seems mis-priced to me.
sgrrgs : I own 300+ Balmer Lawrie @Rs150per scrip.Should I add oor hold or sell?Pls reply
Ramesh S Damani : That is for you to decide.
sanujkadavil : SirENCORE software moving with huge volumes. Stock consistently trade with delivery percentage of 80%.ie some serious investors is buying the stock. Do you think their new product SATHI is going to success in market? Do you think the company has the potential to become a good product
company in the long term ???