Discrimination faced by Mumbaikars...

If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.

Saturday, February 02, 2013

Glodyne Technoserve Ltd: Buy
CMP: Rs.16.80
Please Click on the Chart to Expand
In December, 2018, Glodyne Technoserve Ltd's US Subsidiary DecisionOne Corporation had signed services agreement with Vitera Healthcare Solutions that provides ambulatory electronic health records and practice management software & services.
"DecisionOne will provide comprehensive technology services and support with its technology expertise and highly credentialed national field service personnel. This is a multi-million deal spread over multiple years," the company said in its release.

The acquisition of DecisionOne enabled Glodyne to add fortune 100 client base, long entranced relationships, and a business, where there was huge opportunities to work on cost optimization and revenue expansion plans. 
Glodyne Decisionone Corporation has been working on building a good pipeline for the Business and it is confident of adding new deals in the coming years. Few of the large deals in the Technology Services,Healthcare and Manufacturing space are expected to expand the revenues of Glodyne Decisionone Corporation. The company got "Best Under a Billion" 2011-2012, award for the year 2011-12, by Forbes Asia. Also "Outstanding Entrepreneurship Award" was awarded to Mr.Annnand Sarnaaik at the The Asia Pacific Entrepreneurship Awards 2011-12. It was also a winner of the Deloitte Technology Fast 500 AsiaPac Programe 2011-12. Glodyne' Education Managed Services was announced as the winner at "World Education Award, 2011-12". ‘E-Shakti’ project of Glodyne was adjudged as the winner at ‘EDGE’ awards at INTEROP 2011. E-Shakti’ was declared as the best ‘ICT initiative in the Country’ at the PC Quest 2011 Awards. It has been ranked as one of the top performing mid-sized companies by Inc India. 
Surprisingly the scrip is trading at Rs.16.80, after falling from Rs.400 plus in just 8 months (June-July, 2012 to 1st February, 2013) time frame.
It is pity how the shares of a company of such size and proportion could trade below Rs.100. The share price fell due to external factors rather than the fundamentals of the company. Now if you talk of promoter's stake as one of the principles of share investing (which I feel is flawed and implies blocked mindset, as promoters may buy shares in "Benami" accounts too, which may not show up in the website site of Bombay Stock Exchange), then kindly look at the promoters' holding of Infosys Tech Ltd, Prime Securities Ltd, ITC Ltd, ARSS Infrastructure Projects Ltd, Federal Bank Ltd,  Redington Ltd, Dr.Reddy's Laboratories Ltd, etc. What most of the new comers do not understand is that, a very high promoter holding is not a good sign. A diversified holding and a good presence of both domestic and overseas Financial Institutions (DIIs and FIIs) indicate that promoters have little room to make and carry out random decisions that benefit them without gauging how it would affect earnings and other shareholders. 
Now continuing with my discussion on the shareholding pattern, let me say that while I find Vanaja Sundar Iyer (From 2.73% to 2.84%) and SI Investments and Broking Pvt Ltd (From 1.47% to 2.02%) increasing their stake, speaking sequentially, the new entrant is the giant, ICICI Securities Ltd who has taken 1.37% in the company in December, 2012 quarter. Also, the total institional holdings has increased from 15.42%  in September  2012 quarter to 17.20% in December, 2012 quarter. Multiple funds holding stakes in Glodyne Technoserve Ltd, could be a sign of growth potential. Therefore, increase in institutional holding, on sequential basis, may mean your investment is a tad safer, since the company may now be more professionally run. This makes the scrip look further attractive. I am expecting series of upper circuits in the counter in the coming days. CMP: Rs.16.80.