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'We should see a good pre-Budget rally'

Ramesh S Damani expects the rally to start if the Fed reduces rates or if new allocation comes to India.

Mr Ramesh Damani (Wed Dec 6 100 5:3 IST)
Hello everybody thanks for joining in. Let's start


arunn (Wed Dec 6 100 5:3 IST)
Why is visualsoft declining so much even after superlative performance? what are the immediate prospects of it increasing?


Mr Ramesh Damani (Wed Dec 6 100 5:6 IST)
arunn- VisualSoft has been a major disappointment. Mainly due to rolling and some mgmt mistakes. I would buy it at current rates


rohit (Wed Dec 6 100 5:6 IST)
good evening sir. Why was there such little impact of yesterday's US mkt?


Mr Ramesh Damani (Wed Dec 6 100 5:7 IST)
rohit - that was very worrying. Maybe 2nd generation reforms should start


swamy (Wed Dec 6 100 5:7 IST)
WHETHER L & T SHARES IS ADVISABLE TO HOLD OR SELL


Mr Ramesh Damani (Wed Dec 6 100 5:8 IST)
swamy - hold L&T. Cement and restructuring are good bets


Jitendra Kadam (Tue Nov 28 100 19:4 IST)
Mr. Ramesh I have Wipro shares @ 2450 when i shall sell.


Mr Ramesh Damani (Wed Dec 6 100 5:9 IST)
Jitendra -if you are bullish on tech keep Wipro


swamy (Wed Dec 6 100 5:10 IST)
WHAT ABOUT NIIT??


Mr Ramesh Damani (Wed Dec 6 100 5:10 IST)
swamy - I like NIIT at these rates


maheshpurohit (Wed Dec 6 100 5:9 IST)
when we talk of IT in india apart from the software services and IT Enabled Services is there any other sector related to IT


Mr Ramesh Damani (Wed Dec 6 100 5:12 IST)
mahesh - product cos like visual, encore and the like


swamy (Wed Dec 6 100 5:12 IST)
HELLO SIR, WHAT DO U SUGGEST ABOUT SOFFIA INFOLOGY


Mr Ramesh Damani (Wed Dec 6 100 5:12 IST)
swamy- i dont follow soffia


sonalit (Wed Dec 6 100 5:9 IST)
Is satyam worth buying now?


Mr Ramesh Damani (Wed Dec 6 100 5:13 IST)
sonalit - i am not bullish on Satyam


anirban (Wed Dec 6 100 5:8 IST)
What is your view on a pre-Budget rally? Has it started and will it continue...


Mr Ramesh Damani (Wed Dec 6 100 5:14 IST)
anirban - we should see a good pre-budget rally. It will start if Fed reduces rates or if new allocation comes to India


arunn (Wed Dec 6 100 5:14 IST)
Somebody tell me why Ajanta is so neglected


Mr Ramesh Damani (Wed Dec 6 100 5:15 IST)
arun - you tell us about Ajanta


rohit (Wed Dec 6 100 5:15 IST)
why was there no impact of yesterday's US rally


Mr Ramesh Damani (Wed Dec 6 100 5:15 IST)
rohit - maybe the party started a day earlier. I was disappointed though in the market today


maheshpurohit (Wed Dec 6 100 5:16 IST)
as insurance is opened now to the private sector don't you think the money they amass from the public will to some extent get invested in the market and what impact do you think that should have on the market


Mr Ramesh Damani (Wed Dec 6 100 5:17 IST)
mahesh - it will be a long term positive as more and more institutions enter the market. It will be 2-3 years away. Take a look at Birla Global if you want to play the insurance business


arunn (Wed Dec 6 100 5:17 IST)
IT (Ajanta) HAS GIVEN US GREAT PRODUCTS LIKE 30+, LIVOPLUS AND GOOD OPERATING MARGINS, SOLD OFF BULK DRUGS DIVISION


Mr Ramesh Damani (Wed Dec 6 100 5:18 IST)
arun - what's the price, equity and market cap. Last year sales and profits. Would you know


swamy (Wed Dec 6 100 5:17 IST)
WHICH COMPANY IS DOING WELL IN IT LEAVING INFOSYS, WIPRO, HCL??


Mr Ramesh Damani (Wed Dec 6 100 5:18 IST)
swamy - NIIT


maheshpurohit (Wed Dec 6 100 5:19 IST)
What about Max India i think it is into insurance and also IT-Enabled Services and has a decent track record of making profits from the investments is makes


Mr Ramesh Damani (Wed Dec 6 100 5:19 IST)
mahesh - that's a good choice. Max does have some appeal


arunn (Wed Dec 6 100 5:20 IST)
(Ajanta) PRICE 107, LISTED AT AN IPO PRICE OF 225, SALES HAS STAGNATED AS IT HAS OFFLOADED ITS BULK DRUG DIVISION MARKET HAS NOT READ THE RESULTS PROPERLY


Mr Ramesh Damani (Wed Dec 6 100 5:20 IST)
arun - thanks will try to look at it


maheshpurohit (Wed Dec 6 100 5:22 IST)
there isn't any company in the storage software or securities software in india are there ??


Mr Ramesh Damani (Wed Dec 6 100 5:23 IST)
mahesh - storage no. Odyssey Technology in Security Software


maheshpurohit (Wed Dec 6 100 5:22 IST)
securities (SECURITY On the net)


Mr Ramesh Damani (Wed Dec 6 100 5:24 IST)
mahesh - that is what I meant. Odyssey does security on the net. Price is 85


DEEPESH (Wed Dec 6 100 5:23 IST)
AFTEK AND VISUAL USED TO BE DARLINGS. NOW THEY ARE OFF THEIR HIGHS AND STILL KEEP FALLING IRRESPECTIVE OF MARKET. IS IT ANY FUND PLAY AS MOST FUNDS HAVE EXPOSURE TO THEM.


Mr Ramesh Damani (Wed Dec 6 100 5:24 IST)
Deepesh - Aftek was a momentum stock. Visual has lost its charm


arunn (Wed Dec 6 100 5:24 IST)
WHY DOES MARKET ALWAYS FOLLOW THE SELF SEEKING Dr. KAYPEEs and neglect fundamentally good companies


Mr Ramesh Damani (Wed Dec 6 100 5:25 IST)
arun - I agree with you. It's sad


maheshpurohit (Wed Dec 6 100 5:25 IST)
do you know sir what WAYS is doing? the adds keep on coming up on TV


Mr Ramesh Damani (Wed Dec 6 100 5:25 IST)
mahesh - products and services in the wireless world


amol (Wed Dec 6 100 5:26 IST)
is doing a job in IT sector better in india (good international company) or abroad?


Mr Ramesh Damani (Wed Dec 6 100 5:27 IST)
amol - I would prefer abroad. It's my personal preference


maheshpurohit (Wed Dec 6 100 5:28 IST)
isn't hutchison comparable to any of the wireless companies operating anywhere and shouldn't it get good valuations


Mr Ramesh Damani (Wed Dec 6 100 5:28 IST)
mahesh - it will be good. I think Max owns 10% of the Hutchinson.


Mr Ramesh Damani (Wed Dec 6 100 5:30 IST)
Thanks for joining in. Have a good week ahead. Bye


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