vraaj1 : sir, what is your view on telecom stocks? which would be the best pick among bharti, reliance comm and idea?

Ramesh Damani : hello everyone thanks for joining in..lets start

asterix_999 : Rameshji - Between VST, ITC and Godfry, which one according to you is a good long term investment opportunity?

Ramesh Damani : tobacco is not a place I would look to put new money..govt is really making life miserable..would avoid new investments in that area

tsubha2005 : sir can I invest in gold now,any target in our idea.

Ramesh Damani : we are probably in the second stage of a new bull market in gold...it would tend to go higher in my opinion

aseem3k : Sir, Buffet says "Growth is a one variable in value equation" . What should be the full equation then :) ?

Ramesh Damani : future of the business, mgmt, moat..the ultimate goal is for the value figure to capture all these variables..is the stock cheap...that is the question you have to answer

guruprasad.kr : Hello Ramesh,, how long can u expect the US markets to rally at the cost of weak dollar??? the party has to end soon,,dont you think the same?

Ramesh Damani : I would think so..the tie will snap..but not right away

laxmanps : Hi Ramesh, let me first thank you for the views you have been sharing - i watched your samavat program and other new articles as well a couple of questions 1) you are bullish on gold - is it still good to invest as it has run up too much according to me 2) you are betting big on midcaps and also as the volatility is still not completely gone - is it still a good bet to look at midcaps as any correction the midcaps would be the worst to get hit. Thank you sir

Ramesh Damani : thanks...gold still looks good. I think ,midcaps are offering value..would buy into them

paisa kamao : sir you always insist on value before buying a company. if the compnays cash is 1000 crores and its long term debt is 500 crores, do you still find value in that stock

Ramesh Damani : it depends on the business, future prospects etc and the mcap you are paying for it

GUNGUN : Midcaps for 2010 : Some of your favourites have already gone up like Hitachi / VIP / Hind Oil , what are other few where u would like to take a close look for next round

Ramesh Damani : i would recommend a stock called Aegis logisitcs...it is around Rs 180...co recently announced a tie up with essar..the tie up is exciting and the co could grow fast over the next 3 years. Mgmt is good and it is cum 2.75 interim dividend...it offers good value (I own it and my offfice trades in the stock)

swamik : Dearest Ramesh, I read your tv18 interview on moneycontrol. Nice one. Which are the ones you are recommending from the mid/small cap space. I have been accumulating sundaram finance and tata investment for a while now.

Ramesh Damani : sundaram finance is a good co..very cheap....others i have recommended from time to time

sekurikrishna : sir-reports on increase in outbound tourism and more number of indians travelling no doubt augurs well for VIP INDUSTRIES-sir my question is can it achieve/continue to grow from here for next 5 years taking its revenue to say 1000 crs and EPS of RS.35 or Rs.40. THEN IN SUCH CASE IN YOUR ESTIMATAE CAN VIP COMMAND MARKAET CAP OF 1500crs???

Ramesh Damani : it is too early to tell...we need to see a few quarters of consistent earnings

bhawanishah : It is clearly visible that market would correct in Dec. Looking at it, where would you like to deploy the cash during that correction

Ramesh Damani : it is not clearly visible to me that the market would correct..my advice is when you see value buy it

pune_swengineer : PNB Gilts: Sir, the management said that merger would be over by december end. But there is no sign of that till now. How is that possible? Can

Ramesh Damani : beats me...mgmt has acted very slowly in this matter and not transparently

snsdhar : Which investing strategy would you advocate - top down or bottom up ? Or is there a combination of both ??

Ramesh Damani : bottom up is better..but sometimes insights are better used top down...i would tend to do both..but core holdings have to be bottom up

sathya_1958 : Steve Forbes , editor in chief of Forbes is telling that double dip i possible if the US policy makers are foolish as they are now. Do you firmly rule out the possibilities of a double dip of the global financial market

Ramesh Damani : i rule out no such thing..as i always say forecasting and timing are very very difficult

vdatar : Sir,Dont you think Femcare Pharma is very good proxy for buying in to Dabur ,exchange ratio being 5 sh of Dabur for every 1 sh of Femcare ?

Ramesh Damani : yes if you are finding an arbitrage opportunity take it

pranavganiga : Will government look for De-regulation of oil in near future?

Ramesh Damani : they are making all the right moves in psu shares so i am hopeful

murkrishan : Great investors like Buffet say stick to 6-8 stocks and invest all your money. With a lot of Satyam like episode and faulty accounting practices , how can spread the risk so thin? Your thoughts on this?

Ramesh Damani : the rule is do your homework..it is your job ..to figure out if satyam is cooking the books..there were clues...

guruprasad.kr : What is your view on the RBI buying gold from the IMF,, You think its a good move??

Ramesh Damani : it was a great move..gutsy and ahead of the curve

MORDHH3A : Sir, your views on future of Godrej industries and Orient Paper and Amtekindia at CMP... Is there any upside left in these stocks? I am an investor, can u suggest a value pick for next 9-12 months.

Ramesh Damani : godrej ind is launching god properties ipo in the next few weeks..if hershey takes over cadbury.godrej ind will get a big boost..so watch out for those 2 developments

GUNGUN : Aegis : Its already at 52 week high today and low is 44 . Is risk / reward ratio in our favour ? whats your expectation for next 3 years

Ramesh Damani : co is at a pe of about 8 and can grow around 30% cagr....mgmt is good...and the press confernce was optimistic about the future prospects

harish.kumar2 : Sir, Shanker Sharma is on a view that our markets are going to return back to 11k levels very soon due to increase in interests rates and inflation pressures coming back in the system ?? What do you think abt his view?? If he is wrong then reasons ??

Ramesh Damani : it is an opinion i listen to.but do not share...if conditions detiorate we will re look at them

echankya : Sir, Homework: your questions on Lithium and Chinese property play gave very good perspective, thanks! Can we have new homework please?

Ramesh Damani : if the world is running tight on food..how do we play it...fertilizer, tractors. agri giant..5 ways to play it.that is the assignment

kumarrajesh21 : Jeremy Grantham forecasted a sharp rally 6 months ago & he proved right. Now he expects the markat to run into trouble in first few months of 2010 & expects a market bubble i next 3-4 years. Your comments please

Ramesh Damani : jeremy has been unusually correct..would listen to him

GUNGUN : God Ind : How Godrej will be benefitted by this move though i know Hershey is having JV with Godrej . Do u think it could be such a big event for Godrej and would be EPS accretive in the future . And God Prop : Hearing from ages ?

Ramesh Damani : it is speculative ..the but hershey could combine business in India or offer some sort of value because they have a exclusivity tie up...about ipo...you have to keep hearing

makhijasuresh : sir as u r talkin about food and agr companies what about karturi though they arein floricultures and they are the biggest exporter of cut roses now they have huge land tract in ethopia and kenya and they are diversifying in agri business do u have any idea about this company . thanks and regards

Ramesh Damani : just started looking at it..yes the land bank does give them an X facor..though i have not studied the co in detail yet

echankya : Sir, Defence procurement offset policy: Could you suggest some stocks that would get benefited by it?

Ramesh Damani : bharat electronics would be an obvious candidate

pranavganiga : Sir, TTK PRESTIGE, FY09 20 crores net profit, this year half yearly already 23 crores profit, is it mainly due to rawmaterial aluminium, or the sales, or it is festival season?

Ramesh Damani : growth plus cost control

rohanasd : Sir, is it the right time to invest for a medium term horizon? Dont u feel that a corfrection is long due

Ramesh Damani : correction could begin tomorrow..but value is value

holster13 : Your follower from Boston: Hope you are good. In your view, what is the fair book value of PNB Gilts.

Ramesh Damani : book value is @ 42..could get done around rs 50