This Blog helps in disseminating FREE information related to Stock/Share Markets (domestic and overseas), Finance/Investments & Current Affairs. The content of this blog is for information purpose only - not recommendations, to Buy or Sell Securities.
The data used here, is derived from the sources, deemed to be reliable, but their accuracy and completeness is not guaranteed. The author is not responsible for any loss in investments made, based on the inputs provided here - 28th May, 2006.
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, May 06, 2013
Allahabad Bank Ltd and SKS Microfinance Ltd: Rocking Charts
Chart of Allahabad Bank Ltd
Chart of SKS Microfinance Ltd
Allahabad Bank Ltd:The Oldest Joint Stock Bank of the
Country, Allahabad Bank was founded on April 24, 1865 by a group of
Europeans at Allahabad. At that juncture Organized Industry, Trade and
Banking started taking shape in India. Thus, the History of the Bank
spread over three Centuries - Nineteenth, Twentieth and Twenty-First.
The shares of the company has a book value of Rs.192.92, EPS of Rs.29.18 and market cap of Rs.6,642.85 Cr. The dividend yield at the current price is Rs.4.52%. Its P/E is 4.55 against the industry P/E of 7.37. Therefore, a decent P/E of 6, can take the scrip to around Rs.170-171, in the short term. CMP: Rs.132.85.
SKS Microfinance Ltd: SKS distributes small loans that begin at Rs.2,000 to Rs.12,000 (about $44-$260) to poor women so they can start and expand simple businesses and increase their incomes. Their micro-enterprises range from raising cows and goats in order to sell their milk, to opening a village tea stall. SKS uses the group lending model where poor women guarantee each other’s loans. Borrowers undergo financial literacy training and must pass a test before they are allowed to take out loans. Weekly meetings with borrowers follow a highly disciplined approach. Re-payment rates on its collateral-free loans are more than 99% because of this systematic process. SKS also offers micro-insurance to the poor as well as financing for other goods and services that can help them combat poverty.
Last month the company announced the completion of two microfinace securitization transactionsaggregating Rs.226 Cr, rated A+ (SO). With this the Company has completed 12 securitization transaction with seven funding parties aggregating Rs.1, 207 Cr for FY13. In addition SKS Microfinance Ltd has also raised incremental debt of Rs.1, 608 Cr for FY13 and raised fresh equity of Rs.263.5 Cr taking the total incremental funding inflow for FY13, to Rs.3, 150 Cr, which is more than double the value raised in FY12, which was Rs.1, 4345 Cr. CLICK HERE. CMP: Rs.131.35.