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'Tourism is booming'

May 24, 2005 17:34 IST
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stealth : Good evening sir I have brought ifb industries@19 and siro plast@ 74. Your views pleaseeeeee and can I accumulate more at current levels. Your views pleaseeeeeeeee and do you hold these stocks in your portfolio
Ramesh Damani : Thanks for joining. Let's start. I do not own these companies and no view at this time.


ahmedabadguy :  Mr. Damani do you feel arvind product stock has finally broken out long accumlation period and are you still comfortable buying the stock at current levels....
Ramesh Damani : I am not buying at these rates.


scrippy : Respected Sir,What factors indicate whether a scrip is undervalued or over valued? Also how do we ascertain the value of a corporate? I am trying to "learn to angle" if you kindly guide me. Thanking you in advance.
Ramesh Damani : That cant be taught on a chat show. Read books, attend classes...


raman : Do you think that ITC and Brittania are bonus potential candiates
Ramesh Damani : Surely.


kapil : Good evening sir I have brought agro tech foods@ 92. Your views pleaseeeeee and can I accumulate at current levels. Your views pleaseeee and Do hold this stock in your portfolio.
Ramesh Damani : I own a small quantity.


shruti : I am being told that you own nucleus soft..are u planning to reduce your holdings or u want to stay invested for next 1-2 years..Why is the FI holding is so low in nucelus despite analyst meet ?.what kind of returns you expect in 2 years from current levels for nucleus.
Ramesh Damani : i won Nucleus Software, I can't say what I may or may not do in the future. The company has delivered excellent results. Check article on Nucleus in Financial Times, May 11 for some insight.


maxdxb : Hi ramesh sir, Maxim here. Can you please suggest few small mid caps.? Tks for logix,encore.
Ramesh Damani : No new ideas.


deepinsight : Liquidity in small caps: Have seen liquidity disappear suddenly- how do you manage this problem?
Ramesh Damani : By having conviction in what I am buying.


JK : Sir, disappointing results from Balaji Tele :-( Would you recommend a hold or exit at these levels?
Ramesh Damani : I am holding.


deepinsight : Madhucon Project –seems to be better on number of criteria compared to Nagarjuna Constructions – netter margins, lower debt, high book to sales ratio. Any views?
Ramesh Damani : I don't follow it closely but both companies are doing well.


Newbieeatstock : Sir your views on godrej industries great run, my adi godrej seems to have big plans for it?
Ramesh Damani : Script volume and price action are ahead of fundamentals. Anyway it is nice to own it.


raman : I am of the opinion that crisil will touch 1000.How do you view it?
Ramesh Damani : Sure it could.


ahmedabadguy : Mr. Damani as you said you have sold of BEML little early..Please take a look at Gujarat Apolo equipment( bse listed )1:1 bonus,market leadership in construction equipment,A sound stock to look at...
Ramesh Damani : Ok. Thanks.


JOEGRANVILLE : RAMESH, DO WE HAVE ANY PLAYS ON THE ALTERNATE ENERGY LIKE WIND EBERGY,NUCLEAR POWER,BIODIESEL ETC???NEPC IS THERE BUT NOT LISTED???Also WHAT R U READING CURRENTLY???THANKS
Ramesh Damani : I am reading Freakanomics. Good book. It was a gift from my son. No great ideas in the sector you ask.


Yfan : Sir what is your view on bharti shipyard, visakha ind & sircal. Rescently Bharat Shah is recomending those scripts. Thanks
Ramesh Damani : I don't follow all of them but Sical and Bharti Shipyards are having a good year.


sanujkadavil : SirFall in shaw Wallace stock making the merger plans more easier. Even at this rate they can go for 1:2 ratio for SWC:McD merging.one Mcd every two SWC share. I think this limits the short term upside for mcdowell , whats your call
Ramesh Damani : I can't figure out why Shaw Wallace is falling so much.


sanujkadavil : siri think scripts are not updating???????????any problem there
Ramesh Damani : Veery slow connection. It is now okay. I think.


gopal : sir, i bought torrent cables at 60(220 shares) .today it crossed 200 . shall i hold it or book profits
Ramesh Damani : That is for you to decide.


shruti : between I-Flex and NUCLEUS which one would give better returns in next one year
Ramesh Damani : I am bullish on Nucleus. (I own it)


sanujkadavil : SirAgrotech foods exiting from non-core business, like advanta and rath brand. Rumours that sooner conagra may comeout with major plans in India. Stock is trading near 52 week high. Any street talk in Bombay on agrotech
Ramesh Damani : Not that I have heard of. Did you know that Warren Buffett's son is on the board of this company.


HugeFan : Sir, I am following you from last couple of months and become a huge fan of yours. I read almost all of your transcripts in Rediff since 2004 and also reading some of your suggesting book. I think "The intelligent investor" is a must to anyone who want to involve in this business. On your suggestion, and with my own conviction, I made GAIL, Nucleus, NTPC, MRPL, SAIL and Tata Elexsi as my core holding. I am still sitting with some cash and want to know if there is anything you want me to add in my core holding at the current price. Thanks once again for all your suggestion and guidance.
Ramesh Damani : I would look at Interantional Travel House. (115). It makes sensefor patient investors.


Nirav : Sir, I purchased 500 shares of UB holding at 322.50 rs. Can I sell this and purchase a Mount everest. If this is your holding then what can u do? Pl. replay me.
Ramesh Damani : I don't comment on individual portfolios.


Guns : hi Ramesh, Please share your views on Foursoft?I am holding @ 35. Please comment on its results.
Ramesh Damani : They are in the logistics business. The sector is booming so over time they should get good orders.


newbieatstocks : Sit international travel house do you think its an ideal takeover canidate ?
Ramesh Damani : Not take over but alliance.Tourism is booming.


rameshthakkar : hello sir, ur views on TATA TELE ..comp is coming in black slowly...having strong fundamentals? thankx in adv
Ramesh Damani : The company is huge and takes time to move. Management is doing a good job.


shruti : pl help on FT article ...it says that Nucleus is actively getting in to Chaina market,,,but no complete details
Ramesh Damani : That should be enough for you to understand.


vivek : sir i have done some analysis and find that suraj diamonds is value buy at CMP...do you agree?
Ramesh Damani : These stocks have always been cheap.


barrracuda : balmer lawrie please review the results
Ramesh Damani : Logistics business is booming. Tourism will turn around and the rest are still spotty.


mnv : Damaniji-- i made lot of money because of your suggestion of MCDOWE, UBHOLDING,GATI.. i still hold them.. I want to enter AEGIS. What is your pick in cement sector ?
Ramesh Damani : Good you did well. No idea in cement.


sanujkadavil : SirWarren buffet has bought significant stake in anheuser buch. Company has strong presence in world's largest beer market china through harbin. Do you see any possibilities that investment in indian liquor companies from the big dady
Ramesh Damani : That would make my day, but I doubt he does it at this m-cap.


shruti : does this mean china has huge potential for nucleus..what will be gestation period as per your estimate
Ramesh Damani : One year.


Nidhin : Hi Sir, What is your view on Teledata and Carol Info? Are both these companies good for 5-6 months? Whats your take on Polaris?
Ramesh Damani : Tele data is a mystery I cannot understand. Carol Info is trading at cash value. Polaris not encouraging news yet.


TINI : sir, if we consider mallys word as correct that ub holding will hold 70% in newly formed ub spirits & kingfisher ipo in next 18 month. airlines industry is booming. what is your call on ub holding now. dont you think it is still a darkhorse & a long long way to go. please reply. thanks
Ramesh Damani : That is the hope. Mallya has to deliver now.


SN : Thank you so much sir. I also agree with your pick of Logistic sector. Is there any company you want us to add at current level also?
Ramesh Damani : Gati, TCI and balmer are my ideas at this time.


newbieatstocks : Sir have you been tracking bombay burmah the shareholding pattern is very interesting, have you heard of it ?
Ramesh Damani : Sure owned by Bombay dyeing.


sanujkadavil : SirHope you gone through the news on kerala ayurveda pharmacy (KAPL), still not confirmed the plans, due diligence is going on, once he get into the company it can turnout to be great player in Indian healthcare market. Would you invest in KAPL if vangal buy out the company
Ramesh Damani : I would look at it.


vivek : " these stocks have always been cheap"..Sir you think patient investors will be rewarded one day like UBH...Thanks
Ramesh Damani : They may well. However I see no great triggers in these business.


ssss : sir amomg the aravind mills and rajtexchem which one u prefer please reply thanx
Ramesh Damani : They are 2 different companies. Raj Texchem should give a maiden dividend. I trade in it.


mansri : Sir, KALE CONSULTANTS – despite having orders worth over Rs. 200 crore on hand, why the co. has shown topline of just Rs. 16 cr. in the 4th qtr. What is the trouble with this co.? why the orders are not translated into business & profits? pl advise.
Ramesh Damani : Result have been disappoining. I would give them some time.


deepinsight : nucleus - does the management have the capability to scale the business?
Ramesh Damani : I think they do.


deepinsight : Are there companies in your portfolio which you would hold for ever i.e. …more than a year ;)…could you name three?
Ramesh Damani : Holding forever is not equal to one year.


sanujkadavil : SirHow would you rate the following news…Miguel Torres and French winemaker Mr Alexander Thienpont, world's elite wine makers,.They all agree on one thing: With a growing middle class keen to keep up with international lifestyles, India is going to be one of the major emerging markets for big winemakers. Champagne indage runup heavily in last months, trades at a market cap of 110cr . Your call on wine industry
Ramesh Damani : Hard liquor, beer is where it is at. Wine stocks are not great ooportunities in my view. The rich prefer imported wine.


chandani : sir.. FORBES GOKAK YOUR VALUABLE INSIGHT IN THE STOCK CURRENTLY AT 320 CMP..P L E A S E..
Ramesh Damani : Probably do well.


ahmedabadguy : Sir do you feel that now investors should be very choosy in purchasing small cap stories as lot of them currently floating in the market and those are indications of market taking a dip sooner then later......
Ramesh Damani : One should always be careful.


shruti :  for scaling the business they (nucleus)should hire people at brisk pace..why are they talking about adding only 300 persons in next i year
Ramesh Damani : Service companies need to hire not product companies.


ssss : sir do u think krone communications will going to benefit by broad band revolution
Ramesh Damani : Yes, they will benefit from it.


Nidhin : Hi Sir, Thanks for the Reply..I didnt understand you statement "carol info is trading at cash value " ? Does this mean its a good buy? Do you recommend any other stocks in the mid-cap or small cap?
Ramesh Damani : M-cap =  cash or less than cash with the company.


mnv : Damaniji.. sure way to make money..irrespective of time frame [1 yr, 5-yr, 10 yr] which scrips do you suggest ?
Ramesh Damani : no sure way to make money in stocks, allequity entails risk


SA : YOUR TOP 3-4 PICKS ( CORE HOLDING ) WHICH U THINK STILL HAS GREAT POTENTIAL . DOES NUCLEUS , GATI , BALMER AND MCDOWELL FALL IUNDER THIS CATEGORY
Ramesh Damani : I own them all and think they will do well. Also take a look at Int travel house (115) and Essel propack.


chandani : SIR, SUMMER IS HERE AND we have strted feeling shortage of good potable water ' mount everest' how is it a long term play????
Ramesh Damani : Be patient and the stock will do well.


SUBHANKER : when you classes on bse?? i have inquerd but they have say that it is not been decised when it can be probale??? i want to join inn ..
Ramesh Damani : I am sorry, I will let you know on the chat.


Buffetology : Damaniji - During Inflationary times, the normal growth gets added to the Inflationary growth(costs, raw materials etc) thus taking the P/Es lower; Any ideas of stocks to leverage during Inflationary times ahead ? Also its surprising that during Construction boom Property Insurance cos are not riding the boom ? Any ideas there ? - Your value fan
Ramesh Damani : none at this time. Construction firms are booming actually.


vvinay : sir,in airlines business in India 80% cost are fixed and cannot be changed as per Mr.Naresh Goyal this no frills/low tariff strategy may not work with airline business as we had seen what happened to damania/east-west etc
Ramesh Damani : My sense is that only no frills/budget will work in India.


pkm : Sir, ITI, Bangalore has turn around with good profit. How it is at CMP. Today it has gone up by 5%Please reply.
Ramesh Damani : I am trying to arrange a visit.


JOEGRANVILLE : ramesh, is it possible to have a vcd of the classes u take at bse?? it will be of immense valus to people like me who donot live at mumbai????thanks
Ramesh Damani : No VCD exists.


Sanuj : HI Damaniji,I have a scrip by the name of Goldmines media. The company is in the negative rights business and is the largest in this business. Can you follow the stock and give ur views on it?
Ramesh Damani : No view at this time.


sss : ARAHAMAN says, eSSEL PROPACK IS THE LEADER OF FLEXIBLE PACKAGING. BUT WHY ARE U RECOMMENDING NOW? IS THEIR ANYTHING NEW?
Ramesh Damani : Strong growth ahead.

sanujkadavil : siris matterhorn ventures owned by vinod sethi or marc faber. is matterhorn ventures and matterhorn advisory are different companies.
Ramesh Damani : Vinod, and I don't know.
nridxb : Sir is optic circuit planning to list on any international market? Ho do you rate optic circuit's result
Ramesh Damani : Management of Opto has delivered for shareholders. I wish them good luck.

ramshere : what magazines do u read regularly sir,it would definetly help us too sir, plz answer
Ramesh Damani : Fortune, Forbes, Businessweek, Barrons are the must reads.

rameshk : Sir, what is your view on reliance. Is there any possibility of settlement in the horizon.
Ramesh Damani : We are all hoping it will happen. Thanks all for joining. Have a prosperous week. Bye.

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