2010-05-25

Chat Transcript       

eskayind : Damaniji, Namaskar ! Aeg Logistics was not great. Still, the prices have soared.Your vieqws please.Thanx

Ramesh Damani : hello everyone thanks for joining in lets start..Aegis results were in line my sense is this year it will be a lot better

shishirkapadia : Sir, how deep this correction can be?

Ramesh Damani : typically we should be at the bottom end of the range

shishirkapadia : Sir, do you see Hitachi sales growth 30% in next 2 years and mcap/sales ratio at 1.3.

Ramesh Damani : yes that is realistic to expect

sudz_123 : Dear Sir, we are your oldest followers and we very well know that you do not give day to day calls. We are just asking you as we did buy Century at 550 and Biocon at 310. If you could give some upgradation, if possible, as Century is at 425 levels and Biocon at 280 levels NOW. We will be highly obliged Sir. Thanks

Ramesh Damani : generic pharma space is going to attract a lot of attention remain bullish on real estate in mumbai (stocks)

honeysh2009 : Dear sir , I am holding GODREJ IND ,my cost is around 185,I am long term investor and I am planning to accumulate more. Can I buy at 145 or wait till the result ( 31st May) what is your expectation on the result? Thank you so much.

Ramesh Damani : it has good value, wait till results are out before buying but if you are bullish on property it is better to buy godrej property

sonali9876 : what do u make of the results of PUDUMJEE PULP-----r they on track,,,

Ramesh Damani : yes on track from next year cash flows from pune property should start

agarwal1989 : hello sir...today also markets have crashed much ...what is your view on current market condition.

Ramesh Damani : my sense is that India will snap back

sagararora1234 : I had put 50% in equity and was ready to remaining 50 also in mkt now in this correction should i invest immediately or step by step.time frame 10 yrs .only invested shares recommended by you-godrej ind,prop,tci,ubl,gruh.And also next investment in 5 shares only.your good advise plz

Ramesh Damani : that is a good group..would take a look at everest ind that i have recommended before

ashitosh12 : Sir, IGARASHI is holding out at current levels. Do u see a good year ahead for them. thnx.

Ramesh Damani : they reported a modest profit....could be turning the corner,,we need some more time to be sure

rinabaid : Ramesh, with so much skepticism around the world and in india, where the retail participation is not much in eq,people sitting on cash, markets not heavy,no prior midcap rally or overheating, short pile up in the system,Do u really feel the bull market can top out in such a manner.when everyone on CNBC saying about 4700 then 4500 then 4100 and then..... is it the time to bottom fish or sell? your opinion

Ramesh Damani : i do not think so..we are in a tough period but the intellectual logic of the bull market seems to be still alive

saikasturi : Good Evening sir Please let me why short selling in europe countries has banned reason behind this ban of short selling .

Ramesh Damani : loss of confience in free markets..thankfully asia has not followed suit

ashitosh12 : Sir, in the media space presently nothing seems to work out TV Today, NDTV all getting hammered. Do u see consolidation in this space happning. thnx.

Ramesh Damani : let me go through the results and get back to you next week on these 2 stocks

chetak.purohit : Dear sir As i am a small investor & i invest on my own study Eg Mayur unicoters,Polymedicure, Hind dorr IOL Pharma & Linc pen, pudumjee pulp,Century ,gruh fiance from your call.Will i remain invested due to this market condition Your adise will be of great help.

Ramesh Damani : i would suggest remain invested,,these bumps are a part of investing

sonali9876 : TCI also reported pressure on margins,,what did u make from the ceo interview on CNBC tv18 ?

Ramesh Damani : the negatives are in the price..the positivies are not

shirshasin : Goldiam is back on profitability route after a difficult two years. They are turning around with an eps of around 4 this year and estimated eps of 8 next year. After a long time good volume action on 20`th May with price nearing 52 week high. Are you hoping to see decent performance over next six to eight months ? Probably a 40-50% return from current level ?

Ramesh Damani : they seem to be on track......they have reinvented themselves

sagararora1234 : once you said when u see apportunity-BACK UP AND LOAD THE TRUCK.is now the time has come? IF YES than plz plz tell any one share from a group of 6(godrej ind,prop,tci,gruh,ubl,everest)to buy huge quantity or distribute equilly in all of six

Ramesh Damani : none of them are at that compelling value...at this point they were in 2008

kapoor1953 : what r yr views on BPCL and GAIL, yr favourite stocks

Ramesh Damani : the time has come to take a look at the omc stocks particularly hpcl, bpcl and Indian Oil....i think the Kirit Parikh report will be implemented soon

mohit_bansal1 : Dear Sir, godrej industries is a good stock. We do wait patiently for it to go up. But every time it is going down. We bought it at 400 levels and it has stuck to 150 levels. Now still going down further. Any say on this Sir?

Ramesh Damani : stocks dont go up or down because we want it too..the fundamentals are still strong..value will surface

sambitguha : Sir,Karur Vysya results were good, can we add at these levels?

Ramesh Damani : yes..stock remains cheap

vickky_27 : sir banco posted excellent results , yet the scrip is not getting its due. would you recommend a good exposure to banco

Ramesh Damani : timing a move is a tough business..i would remain invested

srilakaki : Dear Ramesh I have been a regular follower of your chat. Please let me know your view on prospects of auto-ancilliaries and Bosch in particular

Ramesh Damani : AUTO ANCILLARY stocks have to be pciked carefully...they rarely have pricing power...

amparekh : sir after abbott-piramal is it advisable to look at multinational pharma like pfizer abbott glaxo etc

Ramesh Damani : look at indian generic manufacturers...domestic formulators..they are geting the valuation

atuldugar88 : Sir Crude at ..spicejet returniong to profit..domestic travel remaining buoyant..should we buy spicejet or wait

Ramesh Damani : i would buy at this time

shrikant.deo : sir, Can you suggest any stock which is consistently giving more than 5% dividend yield

Ramesh Damani : yield is a function of stock price..as the price goes up yield will come down

amhussain : Sir Everest ind as corrected a lot has nearly come back to levels u had reco.so can it be brought again for medium term?

Ramesh Damani : i think so

Anishv1984 : Dear Sir, Gd evng....Sir do you think this correction situation is different from 2008 when you had given the sell call. It was a perfect call. Do you think the current situation is different than than 2008? With best regards

Ramesh Damani : it is only clear in hindsight..but the Indian economy is performing,,i would remain invested

vickky_27 : sir hitachi posted excellent results. do u think it can reach rs.600 in the next 2 years conservatively

Ramesh Damani : they wold have to grow at 35% plus ..and improve margins....possible but a challenge

vdatar : Sir,After recent Buyout of Generics business by Abbott what is your take on two of group companies Abbott & Solvay ?

Ramesh Damani : very impressive and iportant deal...it will be widely followed in the years to come

raut_1234 : Sir, India in itself is a nice growth story then why our markets are blindly following western markets. How long this will contnue???

Ramesh Damani : these things happen in mareket..but see over the last 10 years by how much India has outperformed Dow..difference shows

mohit_bansal1 : : Sir, what are chances of kirit pharekh report getting implemented & what could be the time frame as we are patiently holding omc???????€??. Only Bpcl and Ioc, not Hpcl. Any upgradation, Sir?

Ramesh Damani : i think the chances are good that it would be implemented,,,we are going to have fuel deregulation...i think soon

sree420 : does natco and biocon are technical calls or long term calls plz clarify

Ramesh Damani : at this point technical..but Natco should be watched closely..they have the strengths that are important in this market

kajam_1120 : Sir can u please guide us as to what may be the bottom end of the range. Thanks

Ramesh Damani : we are close to the bottom of the range....should not be much below 16000

mukul_paras : sir i m holding 500 jubiliant foodworks at rs 370 wat hshud i do?

Ramesh Damani : that price was speculative.it will take a while to get back to those highs

sambitguha : Sir,if one has to choose btween Sagar Cem & Heidelbg, which one appears to be better to u?

Ramesh Damani : heidelberg is more liquid..if only one than heidelberg

dinesh3012 : sir, i am new invester in this market sir give me advise that may i inter this market at current leave like stock punlloyed icici bank reliance rel capital

Ramesh Damani : i do not give specific portfolio advice..but t is a good idea to become a long term investor in Indian equity

samaiya_neelima : sir, your views on itc

Ramesh Damani : happy with the results..would remain long

maheshvp004 : sir have you looked at Zenith Infotek. Good stock - ignored, in good space- cloud computing and has been growing at 25% for last three years.

Ramesh Damani : yes well run company. Have looked at it. It seems promising..though i do not hav a significant holding at this time

tejas bhatt : Sir are you still invested in Wimplast, Sagar Cement and Mount Everest because they are showing signs of boredom...

Ramesh Damani : yes still invested in them

sagararora1234 : Once you said to become rich invest in equity (but not means 1%) in the age of 45 what % of worth should be in equity(plus when you are free from all future liability)

Ramesh Damani : investing is a life tie habbit start early and invest with conviction

raut_1234 : SIR, DEEPAK PARIKH had quoted some days earlier that one will loose if he is not investing in market for next 10 years. Ur Comments Please.............

Ramesh Damani : i would agree...investing is the best way in India for a man with limited means to become financially free

drajuk : sir , Pl. comment on TCI results. Are they inline. Any insight you have in the future prospects?

Ramesh Damani : seem on line.....look at this company over 3-5 years...not on a quarterly basis

mumbaiwarriorss : VISAKA can we buy it at current levels along with ACE?

Ramesh Damani : yes it is cheap

tejas bhatt : Sir is right time to venture into Telecom and Sugar stocks??? Thank You Sir!

Ramesh Damani : not in telecom yet

vishnukant_1 : SIR, YOU SAY,??/span>??span style='mso-bidi-font-family:Arial'>?ith levereage (as in F&O) you can lose a lot of money if you are wrong..Use only when you feel very high probability??/span>??/span>? Sir what we want to express today is our feeling of high probability is??/span>??..only what OUR MENTOR feels. DO guide us with one high probability in any particular stock. IF you do feel a high probability that is??/span>??..then kindly recommend us today. Thanks.

Ramesh Damani : would recommend stocks from time to time...remember money comes from conviction

pranjal1 : Sir in the healthcare space, does Fortis Healthcare enthuse you

Ramesh Damani : fortis health care is not cheap but has good prospects

Ramesh Damani : thanks..market is going through a rough period.however the Indian economy continues to perform and i remain optimistic over time on the prospects of the Indian market....see you all next week..bye