'Market pays for growth not size'
Ramesh S Damani asks investors to keep off FMCG scrips. He feels that HLL may drop below Rs 200 levels, as for the markets size does not matter, growth does.
Mr Ramesh Damani (Wed Oct 4 19100 5:53 IST)
Hello everybody-thanks for joining in. let's start.
bambi (Wed Oct 4 19100 5:48 IST)
why is the futures market not witnessing any action, it's been quite sometime since the product was launched?
Mr Ramesh Damani (Wed Oct 4 19100 5:54 IST)
bambi - l admit, it is off to a disappointing start. I remain hopeful that the volumes will pick up.
bambi (Wed Oct 4 19100 5:44 IST)
any good picks in pharma sector, that is if the sector is attractive?
Mr Ramesh Damani (Wed Oct 4 19100 5:54 IST)
bambi - i like Abbott Laboratories in the pharma group.
kiran (Wed Oct 4 19100 5:54 IST)
in the last couple of trading sessions the market tried to break the 4,000 level, but could not succeed... can we presume that 4,000 is a good bottom seeing the number of failed attempts in breaking below that level?
Mr Ramesh Damani(Wed Oct 4 19100 5:54 IST)
kiran - i would like to think that 4000 is a good base.
sam (Wed Oct 4 19100 5:24 IST)
why has the market volumes dropped so drastically in the last one week?
Mr Ramesh Damani(Wed Oct 4 19100 5:55 IST)
sam - no one makes money in a falling market. Volume dry up.
aditya (Wed Oct 4 19100 5:55 IST)
hello Mr. Damani a recent news item mentioned that the Indian cos. are preferring to get listed on the New York Stock Exchange instead of the NASDAQ. Could you please elaborate on how this will help the companies and if this was such a good option why was it not done earlier?
Mr Ramesh Damani (Wed Oct 4 19100 5:56 IST)
aditya - that is untrue. NASDAQ remains home to tech and NYSE for the "Old" economy. Both are equally prestigious for Indian co's
rambo (Wed Oct 4 19100 5:55 IST)
what's the story in Abbott?
Mr Ramesh Damani (Wed Oct 4 19100 5:57 IST)
rambo - global giant, no subsidiary and good growth plans
Mr Ramesh Damani
aman (Wed Oct 4 19100 5:56 IST)
what do you think is the upside target for the Sensex in expectation of results
Mr Ramesh Damani (Wed Oct 4 19100 5:57 IST)
aman- Sensex should crawl back to 4500.
bambi (Wed Oct 4 19100 5:58 IST)
What's ur expectation from infosys for results?
Mr Ramesh Damani (Wed Oct 4 19100 5:59 IST)
bambi - infy could do for 2q north of 140 crs. Whisper number is 150+.
aman (Wed Oct 4 19100 5:58 IST)
How does Silverline look after the aquisition
Mr Ramesh Damani (Wed Oct 4 19100 5:59 IST)
Aman - I am not a great fan of Silverline.
bull (Wed Oct 4 19100 5:28 IST)
what impact will rolling settlement in A group have?
Mr Ramesh Damani (Wed Oct 4 19100 6:0 IST)
bull - Rolling will be bad for A group. Speculative volumes will shift to derivatives.
bambi (Wed Oct 4 19100 6:0 IST)
ok.. When wil the tie up with microsoft start showing results?
Mr Ramesh Damani (Wed Oct 4 19100 6:1 IST)
Bambi - not right away. That will still take 2-3 Qtrs.
bambi (Wed Oct 4 19100 6:2 IST)
since MSFT spends roughly $5 bln on R&D and it has stated that it will spend 80% of it in its .net ventures,.. how much will that translated for Infy?
Mr Ramesh Damani (Wed Oct 4 19100 6:5 IST)
bambi - i have no firm estimate.
Pintu (Wed Oct 4 19100 6:6 IST)
Mr Damani: Why Ketan Parekh is so strong?
Mr Ramesh Damani (Wed Oct 4 19100 6:9 IST)
pintu - he has been ahead of the market. Made good calls. His influence has now surpassed Harshad's.
aman (Wed Oct 4 19100 6:7 IST)
What is ur view on stocks like MTNL , BHEL, L&T etc. all at 52 week lows?
Mr Ramesh Damani (Wed Oct 4 19100 6:10 IST)
Aman-PSU stocks are cursed. So are old economy.
Suresh (Wed Oct 4 19100 6:10 IST)
I would like to see the charts of all A group shares showing open high low close & volume for the last 6 months, upadted daily. I tried but could not find, please help me as to how i can get it. I will be thankful for you.
Mr Ramesh Damani (Wed Oct 4 19100 6:11 IST)
Suresh - Pick up a Bhav Copy. You will see ads for it. Go to a web site like myiris.com or bseindia.com. They would have the info.
rambo (Wed Oct 4 19100 6:11 IST)
What's up in pentamedia? huge volumes today of more than 1 crore shares traded today
Mr Ramesh Damani (Wed Oct 4 19100 6:12 IST)
rambo - Typical rotation in momentum stocks
kiran (Wed Oct 4 19100 6:12 IST)
Does it mean a shift of money into Penta?
Mr Ramesh Damani (Wed Oct 4 19100 6:14 IST)
kiran - looks like it.
adityabhalla (Wed Oct 4 19100 6:12 IST)
Mr. Damani other than the NASDAQ and the NYSE are the "new economy" preferring other stock exchanges like the London or the Tokyo?
Mr Ramesh Damani (Wed Oct 4 19100 6:14 IST)
aditya - israel and korea are tech destinations.
aman (Wed Oct 4 19100 6:14 IST)
How does RAYMOND look at these prices
Mr Ramesh Damani (Wed Oct 4 19100 6:15 IST)
aman - raymond looks okay for value investors
Sethi (Wed Oct 4 19100 6:15 IST)
Dear Mr Damani: Which is buy for next week?
Mr Ramesh Damani (Wed Oct 4 19100 6:16 IST)
sethi - i have turned very bullish on CITICORP SECURITIES. However as an investment not as a quick punt-please note.
Nagarjun (Wed Oct 4 19100 6:16 IST)
Mr Damani: Are any contracts coming for software companies from Israel and Korea?
Mr Ramesh Damani (Wed Oct 4 19100 6:17 IST)
nagarjun - please elaborate your Q
Nagarjun (Wed Oct 4 19100 6:17 IST)
Mr Damani; you put so much trust in Raymonds?
Mr Ramesh Damani(Wed Oct 4 19100 6:18 IST)
Nagarjun - give them a 2nd chance. The textile business is a franchise and makes money. Management may have learnt.
aman (Wed Oct 4 19100 6:17 IST)
what is ur view about HLL
Mr Ramesh Damani (Wed Oct 4 19100 6:18 IST)
aman - fmcg stocks are stuck in mud. Avoid.
feez (Wed Oct 4 19100 6:22 IST)
sir what is your opinion about HLL will the the share go below 200
Mr Ramesh Damani (Wed Oct 4 19100 6:22 IST)
feez - it has once. May do it again. Market pays for growth not size.
Parul (Wed Oct 4 19100 6:21 IST)
Damaniji: What do you think of Balaji Films after the disaster of Dheeraj Kumar? Do you think Jitendra has some market value?
Mr Ramesh Damani (Wed Oct 4 19100 6:23 IST)
parul - media business is going to be big. I hope they would price it better. Merchant bankers do not leave anything on the table
rambo (Wed Oct 4 19100 6:20 IST)
If the old-economy is untouchable according to the market and software stocks are the best picks and most of the funds are already overweight in software where do you se the buying in tech coming from?
Mr Ramesh Damani (Wed Oct 4 19100 6:24 IST)
rambo - Mainly JANUS
ROOP KUMAR (Wed Oct 4 19100 6:25 IST)
Mr Damani: What about the IPO of Pritish Nandy?
Mr Ramesh Damani(Wed Oct 4 19100 6:25 IST)
Roop - seems expensive to me. Be careful of one man brand names
ROOP KUMAR (Wed Oct 4 19100 6:25 IST)
Damaniji: Why JANUS is interested in India?
Mr Ramesh Damani(Wed Oct 4 19100 6:26 IST)
Roop - they have a lot of money. India has some good co's. They think they can make money. Take a look at what they have done to Reliance.
rambo (Wed Oct 4 19100 6:25 IST)
Don't you think that's scary? if the same guy decides to exit, then what?
Mr Ramesh Damani(Wed Oct 4 19100 6:26 IST)
rambo - that is an ever present risk
ROOP KUMAR (Wed Oct 4 19100 6:26 IST)
Mr Damani: But media companies cannot make money, see all the dotcoms, and newspapers. When will they make money?
Mr Ramesh Damani(Wed Oct 4 19100 6:27 IST)
roop - dotcom and media are different.
aman (Wed Oct 4 19100 6:27 IST)
How does Digital looks at Rs. 500
Mr Ramesh Damani(Wed Oct 4 19100 6:27 IST)
aman- technically it looks good. (Digital).
ROOP KUMAR (Wed Oct 4 19100 6:27 IST)
But Mr Damani: The Observer Group is a disaster for Ambani and Reliance. Isn't it strange the no 1 corporate house in India is making loss in media business. So, how do we trust media stocks?
Mr Ramesh Damani(Wed Oct 4 19100 6:28 IST)
Roop - take a look at values like ZEE, Sri Adhikari and Mukta. That is what is propelling interest.
feez (Wed Oct 4 19100 6:28 IST)
sir can you give me a clear concept about NIIT.
Mr Ramesh Damani(Wed Oct 4 19100 6:29 IST)
feez - NIIT has been a disappointment. I think some insider is selling.
Mr Ramesh Damani(Wed Oct 4 19100 6:29 IST)
thanks for joining in - see you next week. Have a prosperous day. Bye.
Money
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