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.

Monday, March 11, 2013

Southern Online Bio Tech Ltd hits another buyer freeze in the opening trade. It was expected to exhibit such move, after the company made some important announcements some days back. This scrip has always given money to the shareholders, if you can recollect. 
Steel Authority of India touched Rs.70.70, before settling at Rs.70.45 at the end of the trade. With both the US and Chinese economy showing signs of improvement and also Japan coming out of the deflation, the steel prices are set to go up in the coming days. SAIL is also going for a huge expansion of a number of its plants which I mentioned some days back in this blog. Hence, one should close his eyes and buy the scrip as a Fixed Deposit. 
Tulip Telecom Ltd hit another buyer freeze, as is expected. I have repeatedly asked all the investors to average the scrip on all declines. It is now official: Banks are likely to approve an 18-bln-rupee loan restructuring package for the company by March end. So, we can look forward  a series of upper circuits in the coming days. 
I had an extensive chat with the sources of Crest Animation Studios Ltd and this is what they said:
(i) No selling of the shares are taking place from the CAS Benefit Trust. So, selling in the shares is purely local and should not continue for too long.
(ii) The company is thinking of placing the treasury shares from CAS Benefit Trust (10279604) for private placement at around Rs.40-45; which is expected to give them a working capital of Rs.40-45 Cr. The Company has accumulated losses of Rs. 3071.93 lacs or Rs.30.71 Cr which would get completely covered if such placement can be done.
(iii) One of its largest shareholders, D. E. Shaw India Software Private is a large multinational which has brought the shares of the company at around Rs.120 per share. This augurs well considering the current price of the share at Rs.4.65.

(iv) Even some of the top employees of the company has purchased the shares at a much higher price, than the current market price.
(v) Though the company is struggling at present but still, the company's 9 months turnover of Rs.20.29 Cr,h is higher than the FY12 turnover of Rs.19.24 Cr. This shows the company is limping back to normalcy, through still it could not improve too much on its bottomline.
The current problem of the company is therefore, expected to get alleviated in the days to come, as the interest rate comes down and the cost of its capital comes down. However, only if you think of the long term, you should risk your further capital. [This note was sent to the Paid Group members, today in the afternoon]
Glodyne Tech Ltd hit the buyer freeze today in the mid-afternoon trade. The scrip should be accumulate for a target of Rs.22-24 in the short term. Some weeks back, the company came out with some positive announcement in the bourses.