Ramesh Damani is one of the most astute investors on the stock market. His USP is the ability to think ahead of others and spot opportunities before others do.
In his latest interview to CNBC TV18, Ramesh Damani has revealed that the hot theme for the future are technology product companies that focus on Indian consumers with a more diversified revenue stream. He pointed out that there are Indian companies that are focusing on technology related to banking, insurance, antivirus software etc which will be hot favourites in the future.
These are “India focussed product companies that are addressing a critical need and have a particular amount of USP” Ramesh said.
On Udayan’s prompting, Ramesh Damani referred to Quick Heal Technologies as an example of what he is adverting to. Though Damani did not name the Company, he referred to as “a company that recently listed that deals in antivirus security software”.
Ramesh Damani explained that in the present environment of mobile computing, cloud computing, internet of things, regular laptop use, etc, desperate countries like Iran, China etc are launching malware and virus based software attacks on institutions, corporate, stealing IDs etc. So any company that helps you in protecting your database, protecting your confidentiality will tend to well Ramesh said.
He emphasized that all devices such as laptops, PCs, mobile phones, internet of things and industries etc need protections and so companies addressing this need will make for good investment opportunities.
It may be recalled that Quick Heal had issued shares in the IPO of February 2016 at Rs.321 each. The issue size was Rs.451.3 crore and it was oversubscribed 10x. However, thereafter, an ugly spat between the Company and Manohar Malani, a shareholder regarding alleged fraudulent transfers of shares, spoiled the sentiment and has sent the stock price tumbling to the CMP of Rs. 228.
This means that the poor subscribers to Quick Heals’ IPO are poorer by 29% for no fault of theirs. Hopefully, with the backing and blessings of Ramesh Damani, the beleaguered shareholders of Quick Heal have a chance of getting their money back!