Ramesh S Damani : Hello everyone thanks for joining. Nice to see you all after two weeks.
samerer : sunadarm finance..dunnoo...volume is so pathetic...y would we buy that stock?
Ramesh S Damani : This is not for those who like to trade. It is a good candidate for hold and keep.
ipolover : Mr damani-- is it worth to apply in the new ipo coming named crew bros@35?
Ramesh S Damani : I am not following it.
JoeGranville : ramesh,i know u have been suggesting textile stocks in ur charts???just want 2-3 textile stock which u look good to u post 2005,who can leverage the opporunity which will be there post 2005?thanks
Ramesh S Damani : They have had a good run up. I recently added Raymond.
HiRDamni : A BASIC QUETION ABT UR COMPOUNDING LOGIC--- IF I HAVE INVESTMNT IN 5 STCOKS AND TOTAL PORTFOLIO OF 1 LAKH RUPEE AND IF I GAIN 20% IN ONE YEAR.... THEN ACCODING TO UR COMPOUNDING LOGIC , I SHOULD INVEST 1 LAKH 20 THOUSAND RUPEES IN THE NEXT YEAR BUT THE POINT IS THAT I WUD STILL LIKE TO INVEST I THE SAME 5 TOCKS WHICH I HELD EARLIER .... THEN HOW D I REALISE THE MONEY... IT SEMS I M MISSING SMETHING HERE .. CAN U PLEASE ELABORATE? THANKS IN ADVANCE
Ramesh S Damani : It's not about investing new money. Your Rs 100,000 should become Rs 120,000 at end of year 1, and then should grow 20% on 1.20 and become 1.44 next year the growth should beon 1.44.
mnb : i have 500 tata telecom (140) now its 295 whats your advice hold or sell please reply it
Ramesh S Damani : I would hold on.
JoeGranville : ramesh, ur view on tata elxsi in lieu of their quaterly results??r ustill in it for a long term???thanks
Ramesh S Damani : Yes, the co has a chance of becoming a reat growth stock. I own it.
Sunan : HI, GOOD EVENING,WE KNOW ABT UR CORE PORTFOLIO CONSISTING OF BEL/CMC/MCDOWEL/SUN FIN /TATA ELXSI.BUT IS SBI ALSO PART OF UR CORE HOLDINGS?FURTHER PLEASE SUGGEST ABT THIS --- I HAVE RECENTLY ADDED MORE AT 450 FOR LONG TERM INVESTMENT AND I KNOW THAT IT IS UR FAV. BAK AS FAR AS PUBLIC BANKS ARE CONCERNED BUT I JUST WANTED TO KNOW IF U STILL FAVOUR THS BANK OF U HAVE CHANGED UR OPINION LATELY?
Ramesh S Damani : It is but I have recently sold some. I was too overweight
Sunan : TATA ELXSI --- DO U FEEL IT CAN BE UPTO 5 TIMES ITS CURRENT VALUATIONS IN 2-3 YEARS TIMEFRAME?ANOTHER Q RELATED TO THIS STOCK WAS THAT IF THE RUPEE IS GOING TO APPECIATE TO Rs 35 /$ IN 2 YEARS( I WAS LOOKING AT UR CHAT TRANSCRPTS) , THEN IT SHUD BE THE MOST HIT SECTOR AND THEN UR BULLISHNESS OVER TATA ELXSI SEEMS UN JUSTIFIED?
Ramesh S Damani : It would change the dynamics of investment no doubt. However forecasting big picture macro events is a bit dangerous. I did say what you quoted then and it is a real risk. However, Indians should get some rate gains if the Rs appreciated so much. I own it.
JoeGranville : ramesh one request..i hope it is feasible...i saw ur present in investors summit in mumbai reagading the bull market based on joe gravnville theory?can i get that powerpont presentation???thanks
Ramesh S Damani : Send a mail to Moneycontrol or your email ID to me.
Sunan : Balaji telefilms -- ur call for this one seems correct after all... whatz the reason for itz extraordinary movemet... is it going to be taken ver by star tv.
Ramesh S Damani : That is the rumour i dont know if its true.
Amit1 : Mr. Damani, 2 weeks absense was long for us , do go more time today
Ramesh S Damani : Sure, I was on holiday and then a analyst meet.
HiRDamni : I WAS GOING THRO UR CHAT TRANSCRIPTS -- AT OE PLACE U HAVE SAID IT IS A POSSIBLE GOLDMINE AND AT ANOTHER PLACCE U HAVE SAID THA ITZ NOT WORTH ONE S CORE PORTFOLIO BCOS ITZ TOO SPECULATIVE .... I GUESS I M MISSING SOMETHING HERE.THANKS
Ramesh S Damani : Which script???
ashish : sir, After seeing the result of OPTO CIRCUIT and its track record. It is another multibagger. Will u advice this script as core holding at current price of Rs 57.Whether u will recommend investment at current price.
Ramesh S Damani : Not a core holding but a small bet.
Amit1 : MCDOWELL : there was news that Shaw wallace and UB have settled all dispute , we thought that now Mcdowell will not stop. Is herbertson problem still not over ,if not do u expect soon and thus mcdowell becoming great buy
Ramesh S Damani : Cross your fingers no one can tell if the worst is over.
mnb : can u tell at what price one should exit from tata telecom (roughly idea) or u think it has the potential to go upto 500
Ramesh S Damani : It does.
ashish : Sir , After looking the Ist Quarter results of Logic Micro having NP of 60 lacs and added 17 new customer inhis kitty. whether u will advice further investment in Micro logic at current price of Rs 20
Ramesh S Damani : It is too small a cap to take too seriously.
Amit1 : MCMILLAN : Has come out with good result, was it as per expectation and what u expect full year. looks like 40-45 EPS by 2006 and thus should quote around 600. Am i right but then why its not catching investors / FII's attention
Ramesh S Damani : They seem to be on track and I am hopeful. I own it.
Sunan : UNITD BREWERIES OR UBH -- WHICH ONE IS A TRADING BET AND WHICH ONE IS WORTH INVESTMENT FOR LONG TERM... THANKS IN ADVANCE SIR
Ramesh S Damani : United Brewery is long-term bet.
HiRDamni : U HAVE SAID EARLIER ABT MACMILLAN THAT IT IS GOING TO BE SENSEX UNDERPERFORMER FOR 1-2 QUARTERS ... PLEASE TELL ME IF THAT STILL HOLD TRUE... SHOULD WE ADD MORE OF IT?
Ramesh S Damani : It seems getting ready to move.
Amit1 : Tata Elxsi : Do u think it has multi bagger potential in 2-3 yrs time but valuation point of view its not cheap . Todays rate is around 20 PE with current EPS and with 8or 9 it is at 14-15 PE. Does it deserves more or u think EPS will be amazing going forward
Ramesh S Damani : Growth stocks always command a premium. Let's hope it can grow at strong rates.
ashish : sir, Please give new ideas and new scripts for investment keeping time horizon of 1 to 2 years
Ramesh S Damani : No new idea.
nriinv1 : Hello Mr. Damani, recent chats
I did not participate, but I did notice in your transcipts, Mcdowells is not your core holdings now. Any comments