"There is no need to panic. Remember, the Chinese word for crisis and opportunity is same. History shows that the best time to buy is in a crisis," says Ramesh Shrichand Damani.
ATAENOOR : SIR, WHAT IS THIS? ONLY NDA CAN RUN GOVT.? AND STOCK MARKET? WHAT HAPPENS NEXT? SMALL INVESTOR LIKE ME AGAIN GOING TO LOSE MONEY?
Ramesh S Dmani : Thanks for joining. Let's start. I think there is no need to panic. The market will rebound once a government is formed.
ATAENOOR : SIR, KYA SHARE BAZAAR KHATMA HO GAYA? COMPANY GROWTH SAB KHATM HO GAYA?
Ramesh S Dmani : Like I said, don't panic. Remember the Chinese word for crisis and opportunity is same. History shows that the best time to buy is in a crisis.
nriinv : Mr. Damani, don't you think TDP losing elections is a big slap on the face on economic development for India, because this means that intelligent people who feel the real progress Naidu made for the state, are too few in numbers to have a say in results of the elections.
Ramesh S Dmani : No. A revolution is not brought about by hungry people but by a class whose expectations have been raised but not met. They want "more".
n singhi : have u seen the result of goldiam though it has a eps of 14.14 but in comparison to dec qtr its eps is only 0.9 in march qtr progit is also 12.04 cr as compared with 74.40m in dec qtr whats ur view after the result
Ramesh S Dmani : They took a 3.7 cr write-off for doubtful debts. This should be one time. Dividend at Rs 42+2 is good. I own it.
BASANTMAHESHWARI : Goldiam came out with terrible results q on q. ARe the results by themselves lumpy or something else. Full year Eps at 14 odd and dividend yield is good but why this drop.I do not own it. Is it time to buy a bit?
Ramesh S Dmani : See earlier answer.
NRN-PM : Sir, I know if results say BJP is in, Market is up, if Congress is in that too with Manmohan, you see a bumper rally, but what if it is a hung parliament? Please give your fair and frank answer. These days even my wife started talking about you:-)
Ramesh S Dmani : The worst case scenario is a hung Parliament. The politicians will figure it out though.
n singhi : today macmillan volume was around 8000 in the nse price has also moved up to 289 in the down market is something cooking in it
Ramesh S Dmani : No, no news.
KRR : Good afternoon Sir, glad to join your here once again... sir, Tisco, yours and market's favourite since the bull run started is falling like anything thanks to chinese slow down... but there is something more... it lost more than one third from the peak... would you buy now?
Ramesh S Dmani : Outstanding positions in futures and options were large as of yesterday. If they have come down today, it should be getting attractive. I own it.
Kriparam : Sir,Can you suggest some good dividend paying companies at this level
Ramesh S Dmani : Krone's 250% dividend at the price of Rs 135 is special. Go through the BSE website. Many companies are having yield of 4% - 6%. E.g. Tata Elixsi at 4% yield. I own it.
Gaurav : Sir, i met u at HYATT, you asked me to meet u online today.... Sir , is there by anymeans that I can b associated with you ,, please sir.
Ramesh S Dmani : That we could decide at a later date. Thanks for coming on-line.
nriinv : Mr. Damani your theory on Mcdowells is really a great one, did you hear about this Chinese brewery company being taken over this week, shares shot up so high (in one day 46%) that trading in that company was stopped temporarily. I am sure somebody big is watching Mcdowells From China they will set their sites on India. I am convinced on your logic and I did make some investments in Mcdowells. It took me some time to decide but now I am convinced this company is a gold mine.
Ramesh S Dmani : Thanks, it is nice to hear some supporting views. The logic worked in China it should work in India.
BASANTMAHESHWARI : The april growth in subscriber and GSm hand sets were abysmally low month on month. how much can the fall in bharti be attributed to that. Also the stock is doiicounting its 06 eps 20 times at 160.
Ramesh S Dmani : Some hedge fund was selling Bharti.
n singhi : i have a large exposure in goldiam i want to know that after seeing the result should i reduce my holding in it or should i hold it fully for long please comment
Ramesh S Dmani : Results are okay. Look at the write offs. Dividend is good. Next year should be good.
vikas1 : Saw Nelco and Crest result . They are in negative fort the full year . Whats future in these companies which made you to invest
Ramesh S Dmani : Very modest market caps and I believe that in the future they can turn around.
chandani : sirrrrrr, please guide us as to which Stocks are immune to political turmoil and safe and sound investements???
Ramesh S Dmani : Markets have inbuilt risk factor -- equities that is. If you need a guarantee, then stocks are not the place.
Dev : The general consensus is that FII's won't sell in India as India is insulated from China,etc. But an emerging market fund may see redemptions that could cause selling In India as well. What do u feel?
Ramesh S Dmani : Of course that could happen, but marginal money may be moving out from China to India as the long-term growth story remains intact, new buyers should emerge.
satya : SIR........US economy is not showing any good signs, China is also slowing down, Govt. of NDA or Cong. Does it make any significant diff. in the growth of indian economy...For any FII India Stock market has become more attractive then ever..Ur Views
Ramesh S Dmani : I believe that we are in the early phase of a new bull market, typically they last a few years. Hence after this blip we should move back up.
vikas1 : Logix : results were OK . All 4 quarters they were in black but what major turnaround are you expecting from Q1 this fiscal
Ramesh S Dmani : I think new orders should be kicking in. Let us see how they deliver.
kvg : sirrrrrrrrrrrrrrrrrrrrrrrr do u have any idea about subex systems. it's been falling since a long time . Anything wrong or just technical fall. asnwer yes or no sir
Ramesh S Dmani : I am sorry, I have not seen it lately.
SHUBHANKER : DAMANJI WHICH IS ONLY ONE STOCK TO BE BOUGHT IN THIS PANIC SITUATION??? PLS SUGGEST I WILL BE VERY THANKFUL..
Ramesh S Dmani : I can't recommend any particular stock, just see my recommendations of the past.
ahmedabadguy : Sir your viws on buying Finolex ind.(50-55 rs. band)25 % div..plastic cycle at 50% of its peak(MR. ambani)2) Mirza tanner(55-60 band) 30 % div..good long term supply contact with likes of wall mart (3)mcdowell 50-55 band 25% div.--Recom. by Mr. damani (4)Escorts 55 rs. Normal monsoon expected..Restrucring on..Tractors sell on rise. your views on these stocks.....
Ramesh S Dmani : I think you know that I don't comment on so many individual stocks.
KRR : Sir, if someone missed the earlir rally and if we are at the start of a new bull run, suggest 5-7 stocks a beginner should invest in tomorrow morning with a long perspective... one is mcdowell... others are?? :-)
Ramesh S Dmani : I would put some money in tech, they are under-owned and should report decent numbers this year. Rupee seems to have stabilised as of now.
BASANTMAHESHWARI : YOur concept of bull markets lasting for longer period is justified by international comparisions but in India we have not yet seen a precedent on that . Were the scams to be blamed and if so are we justified in saying that because we had a scam we could not have a sustainable bull market. Please comment
Ramesh S Dmani : Bull markets don't know history. Despite a knowledgeable investor base, sec NASDAQ had a bubble. These things happen. we cannot predict or control it. Just understand and profit from it.
ajay : ramesh,taking a long term view, china and india are the growth stories..India has a several years of growrth ahead of it??I think it is prudent to pick the compnaies which r growing at 30%YOY with sound fundamentals, not worry about short term gyrations of market???your views on it????
Ramesh S Dmani : That is the way to do it.
jainul abedin : sir, i have invested Rs. 200000/- in the market since 1997. I have lose many I have some stocks and I want to come out from market if my investment will be back. at the time i can get Rs. 100000/- if i sell all my stock. can i hope i can get back my investment?
Ramesh S Dmani : I hope so.
rishib : UB HOLDING- MARC FABER- STORY APPEARED IN BUSINESS LINE- WINSTAR (FABER'S COMPANY) WAS REPORTEDLY BUYING UB HOLDING.
Ramesh S Dmani : Please send me the date the article appeared in. I would be grateful.
nallav : Hi Ramesh,Do you think Datamatics is close to it's bottom as of today?
Ramesh S Dmani : At the IPO price, MacMillan looked better than Datamatics to me.
SHUBHANKER : , I KNOW YOUR RECOMMANDATIONS SIR BUT TIME HAS CHANGES THEN PAST WE WERE AT 6000 LEVEL AND JUST NOW WE ARE AT 5350 LEVELS SO INT HIS DEPRECIATIED MARKET WHICH CAN BE BARGAIN HUNTING FOR GOOD RETURNS.. IN MEDIUM TO LONGTERM... PLS SUGGETST
Ramesh S Dmani : Ii recently bought Tata Elixsi. I ill give new ideas maybe next week.
subhash : Please give your views on HIMACHAL FUTURISTIC-I hold 10000 shares what should be long term view
Ramesh S Dmani : I am not bullish on it.
malik : In BPO segment, last year of the company u have recommended is ULtramarine . What is your view on this company .whether u are still bullish on the script
Ramesh S Dmani : It is a small play, however I still own it, look at Macmillan, Tata Honeywell, Carborandum for better bets in BPO. I own all of them.
ajay : ramesh, can u suggest a few good books on technical analysis???
Ramesh S Dmani : Any book by Joe Granville. Thanks for joining today, I have to run early. See you all next week. Bye.
An MBA from California State University, Ramesh Shrichand Damani, is one of India's most respected brokers. Mr Damani is a frequent commentator on financial issues on CNBC and Star News.
Join the Ramesh S Damani chat every Tuesday at 1600 IST
More from rediff