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.

Sunday, March 24, 2013

IVRCL Ltd: Good Bet at the Current Price
CMP: Rs.19
The cash starved, infrastructure company IVRCL Ltd is looking to sell some of its project and assets to meet the working capital requirements. The company's share price is currently ruling at Rs.19, which is absurd considering the Book Value of Rs.73.98. According to my close sources, some large business groups like Tata group has come come to buy some of its BOT projects. The company is hoping to generate around Rs.1500 Cr from such sale. Over and above the company is also looking at selling some of its assets in the form of land banks to generate another Rs.1000 Cr. The total Rs.2500 (approx) will be initially used for meeting working capital requirements for serving its humungous order book of around Rs.22, 500 Cr (Twenty two thousand five hundred crore).
Moreover, with RBI going in for the repo rate cut last week, its interest burden will come down to some extent. The interest forms a major part of any project and a small fluctuation, can affect the net operating margins of any infrastructure company. 

The sources, said, that earlier they used to get the loans at around 8.5 % per year but now they are getting at around 12.5% per year, which though is affecting their margin but a downward interest rate trajectory, is positive for the infrastructure companies.
Once the working capital requirements are fulfilled, then the company would be able to service it huge order book of around Rs.22, 500 Cr (twenty two thousand five hundred crore), which is 3.64 times the FY12 earnings. The company is working out to get some loans from banks, according to the sources. The company is talking all steps to revive the company and hence I am expecting the share to touch Rs.31-32 (50 DSMA) in the next 3-4 months time frame. The Q4FY13, results of the company are expected to be better than Q3FY13.