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| Transcript of Chat with Mr. Salim Dawoodani ( Vice President - Equity Research, Darashaw & Company ) - Markets : The Budget Impact- (4/03/2002) |
[04:22:52 PM] => Myiris : Welcome to the myiris chat session
[04:30:48 PM] => Myiris: The live chat session is starting now
[04:30:59 PM] => Myiris: Our guest today is Mr. Salim Dawoodani, Vice President, Equity Research, Darashaw & Company.
[04:31:46 PM] => Mr. Salim Dawoodani is the Vice President, Equity Research, Darashaw & Company. At the time of this conversation / chat, Mr. Dawoodani may or may not have positions in the stocks mentioned below, although holdings may change at any time. The views expressed by Mr. Dawoodani is based upon information that he considers reliable, but does not represent that it is accurate or complete, and it should not be relied upon as such. Mr. Dawoodani, his company and its affiliates, officers, directors, partners, and employees may, from time to time, have long or short positions in, buy or sell and deal as principal in the securities, or derivatives thereof, of companies mentioned herein and may take positions inconsistent with the views expressed.
[04:31:58 PM] => None of the information contained herein constitutes, or is intended to constitute a recommendation of any particular security or trading strategy or a determination that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. You should consult with and rely upon your own advisors whether and how to use such information in making any investment decision.
[04:32:17 PM] => Lastly the views expressed by Mr. Dawoodani have no bearing whatsoever with that of IRIS Ltd. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website www.myiris.com.
[04:32:27 PM] => Myiris: Welcome to the chat session Mr. Dawoodani.
[04:32:50 PM] => joydeepmitra : Dear Mr. Dawoodani, is the budget the beginning of a new bear phase or an opportunity to consolidate one's position?
[04:33:15 PM] => SD: Consolidate on declines.
[04:33:40 PM] => menonjayan123 : I have 500 nos Morepen Lab shares with me of Rs-70.00. Please advice?
[04:33:55 PM] => SD: Hold. However a small decline from the current levels is not ruled out.
[04:34:12 PM] => Kothavade : which equities prices are likely to get doubled in next 1-3 months!!
[04:34:29 PM] => SD: Some offbeat scrips.
[04:34:47 PM] => ramesh_qc : Why are companies like Apollo Hospitals, not attracting valuations of a healthcare company?
[04:35:10 PM] => SD: They will, in the near future.
[04:35:37 PM] => yegyam : I am a NRI. At current trend advice the sectors which can be considered for safe and long-term (say 1- year) investment?
[04:36:43 PM] => SD: Cement, Pharma, Auto, FMCG, Media, et al. Stagger your purchases; buy a bit now and add on declines.
[04:36:54 PM] => shinna_k : Tell your opinion on MRO-TEK
[04:38:25 PM] => SD: Sorry, do not track this scrip.
[04:38:38 PM] => s_kamath : How is ITIL doing?
[04:38:51 PM] => SD: Sorry, do not track this scrip.
[04:39:02 PM] => svenkateswarlu : What to do with Concor which I purchased at Rs 285?
[04:39:18 PM] => SD: Be worried if drops below Rs.250.
[04:39:29 PM] => svenkateswarlu : What I have to do with Bhartiya Interational , which I purchased at 24?
[04:39:44 PM] => SD: Sorry, do not track this scrip.
[04:40:08 PM] => kunalkapoor : What is the future of Rain Calcining?
[04:40:26 PM] => SD: Sorry, do not track this scrip.
[04:40:46 PM] => soni_vimal_kishore : What is the meaning of national carrier as defined in s. 10(5) of the IT Act?
[04:41:04 PM] => SD: Sorry, you have asked this to a wrong person.
[04:41:19 PM] => deepak78khanna : Will the markets revive after the knee jerk reaction of today?
[04:42:54 PM] => SD: Seems to have entered a consolidation phase with 3758 as the ceiling and 3550 as the floor.
[04:44:05 PM] => mailstokalra : I am having a grievance with my shares against a leading FMCG company of India. I will tell you everything in detail, as you will reply to my mail. Please do reply. I am waiting for your reply in this regard.
[04:44:16 PM] => SD: No spams or malicious material please.
[04:44:32 PM] => girishdora : Have any body in your knowledge ever benefited from day trading in the long period of say 6/9months and do you recommend this activity.
[04:45:12 PM] => SD: Few do win the battles but almost everyone loses the war. I am not comfortable with day trading. Speculation is injurious for your wealth.
[04:46:49 PM] => amit_ghosh : Please suggest some Indian sites dedicated to the stock market? (not the usual stuff, please)
[04:47:20 PM] => SD: Run a search on rediff or other search engines.
[04:48:06 PM] => dgugrankar : What do you have to say about the Telco stocks. Can I buy and retain some of the same?
[04:48:17 PM] => SD: Yes Sir, you can also buy Telco warrants.
[04:48:38 PM] => avananav : What is the latest position of 2nd buy back of Otis Elevators?
[04:48:51 PM] => SD: Sorry, do not track this scrip.
[04:49:34 PM] => mohitag : Should a retail investor enter the market at present levels and in which sectors?
[04:50:21 PM] => SD: Buy quality stocks now and on declines. Sectors are discussed earlier in this chat.
[04:50:31 PM] => imageidea : When to sell Hinduja TMT & what price?
[04:50:51 PM] => SD: Ride the rally with a trailing stop-loss. I.e. hike your stop-loss level in consonance with the rise in the share price.
[04:51:15 PM] => imageidea : When to sell Infotech Enterprises & at what price?
[04:51:27 PM] => SD: Ride the rally with a trailing stop-loss. I.e. hike your stop-loss level in consonance with the rise in the share price.
[04:52:06 PM] => swan202k : What is the effect of recent issues in Gujarat on Indian economy?
[04:52:22 PM] => SD: As a born Gujarati, I wish it does not have much impact on my beloved state. It does tarnish India�s image in the eyes of the potential foreign investors. The tourism can be hit and the hospitality sector would feel the immediate pinch.
[04:53:21 PM] => aabhhi : Could u tell me about Financial Techno a software co. listed in BSE only doing presently, how r its prospects in near future. Is it worth buying at these levels, if yes what is the upside u looking in what time frame.
[04:53:33 PM] => SD: Sorry, do not track this scrip.
[04:57:42 PM] => ayanad1 : Mr. Dawoodani how you see the market from here on? I have cash with me so which companies you suggest to invest into considering medium term horizon of 3-6 months as i see our market is a trading market currently. Your views please?
[04:58:24 PM] => SD: Invest in quality scrips, with no scrip taking up more than 10% of your corpus and no sector over 20% of your corpus. Do not chase scrips inordinately. Stagger your buying and stipulate a stop-loss. Investment (and trading) requires more discipline than research.
[04:59:06 PM] => chitah12345 : Does the Budget gives permission to increase FII holding in Bharti ( telecom sector)??How you see the stock to move in near to medium term?
[04:59:47 PM] => SD: FII holding does do - per se - make a scrip good or bad. This scrip is an infant on the bourses and is yet to see the myopic and the euphoric times. With such a limited history, it is difficult to predict its future using Technical Analysis.
[05:01:03 PM] => joyghosh100 : Please give me your views on TVS Electrons, Karur Vysya Bank and SKF Bearings. I have identified these as value stocks and wish the will appreciate 100% in near future. Do you have any other quality stocks to share as an Individual small investor I feel scared for not having the right informations of what the speculators think in Mumbai. Regards.
[05:01:49 PM] => SD: If the undertone remains bullish over the next few months, then such offbeat scrips are likely to outperform the SENSEX by miles. With all details available on the net and covered by the mass media, I do not think that distance is a handicap any more.
[05:06:46 PM] => Myiris : For a comprehensive analysis on the Union Budget, please log on to www.myiris.com to download.
[05:13:46 PM] => Ayan : When you said some offbeat shares to perform great which scripts you meant. Please share some with us....
[05:14:07 PM] => SD: Offbeat scrips mean those scrips that have great fundamentals, have a decent parentage, good professional management and immense potential. These are under-valued and under-priced scrips but are often illiquid. Institutional and FII interest would build up only after these scrips cross some threshold level.
[05:14:17 PM] => It would be prudent to allocate 15 % of your corpus to such scrips.
[05:14:29 PM] => Ayan : Sir, What is your view on Bharti Tele??
[05:14:51 PM] => SD: Have discussed above.
[05:15:01 PM] => Smallinvestor : How will valuations of RPL/RIL affect post merger?
[05:15:25 PM] => SD: We�d now be tracking one scrip instead of two!!! I think the longer-term impact is going to be positive.
[05:15:46 PM] => Ravi : How is VSNL, MTNL and Moser Bear looking at current levels?
[05:16:02 PM] => SD: Okayish
[05:16:15 PM] => Ravi : Pls share with us some scrips which u r researching now.
[05:17:00 PM] => SD: They are too many to be shared.
[05:24:53 PM] => Ravi : Can u suggest some good companies in IT enabled sector.
[05:25:05 PM] => SD: Hardly anything at the current levels.
[05:25:24 PM] => Deval : Sir, what is your view on geometric & infotech enter @ current price level? Is it still worth investing or should wait for reaction?
[05:26:02 PM] => SD: I�d rather wait.
[05:26:17 PM] => ssl : What do u think about Apollo Hospital, Infosys, Wipro, SAIL at this levels?
[05:26:43 PM] => SD: SAIL defensive, Infosys & Wipro tentative, Apollo Hospitals aggressive.
[05:27:16 PM] => Ayan : Sir, how you see Reliance capital as financial sector companies are again started to be favourite?
[05:27:37 PM] => SD: A potential dark horse
[05:29:03 PM] => Ravi : You can still share with us some worth looking by us also?
[05:29:55 PM] => SD : Some undervalued scrips in auto, pharma, media and of course offbeat scrips.
[05:36:19 PM] => Myiris : Thats the end of the chat session for today.
[05:36:57 PM] => Myiris : Our thanks to Salim Dawoodani for sparing time to come on the chat session.
[05:37:12 PM] => Myiris : Thank you all for logging on.
[05:38:21 PM] => Myiris : Our next chat session is on Friday. Hope to see you then...
[05:41:06 PM] => Myiris : Its bye from us for the time being.
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