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.

Friday, May 10, 2013

Market Mantra
The markets witnessed profit booking yesterday. It traded almost flat for entire day but went in for some profit booking at the end of the trade. Nifty made a high of 6084 and low of 6040 before settling at 6050 with a net loss of 19 points. Now, the Nifty  (Spot) has overcome the resistance of 6000 with ease after a small correction, itself indicates the underlying strength of the market. Nifty has resumed the upward journey after taking double intraday support at 5930.The traders can hold on to their longs, with a SL of 5900 (The rest of the details are for the Paid Members).  
Note: It would be difficult to make money in these kinds of market conditions, only following this blog, as there are lot of suggestions, last minute news and tips sent to the Paid members during the market hours to maximize their returns, which are not put here. Hence, either join my recommended brokerage house or my Paid Services, to stay ahead of others and to make money from the markets on a consistent basis.
Buy Orchid Chemicals Ltd at Rs.67.50, T--Rs.77-78, SL--Rs.62. Last Tuesday, Shubhalakshmi Panse, chairman & managing director, Allahabad Bank said the following regarding Orchid Chemicals Ltd, in replying to the question from a Business Channel:  "I heard you say Orchid Chemicals. Could you tell us the total exposure and are you classifying that as an NPA, all of that?"CLICK HERE:  "It has already become NPA, Rs.230 crore because there are some 18 banks involved. I believe there is an investor who has already brought in money. However, the money has not been distributed by the bank with which it is deposited because the bank was waiting for clearance from all the banks.Of the 18 banks, 17 banks have given the clearance, for one bank the money was not distributed. That is why the account became NPA. Once the last bank comes the concerned bank will distribute the money and this account will immediately come out of NPA", Shubhalakshmi Panse, said. CLICK  HERE.
POSITIVES
  • ENERGY: The govt has eased environment and forest clearance norms to increase coal output and ensure time-bound completion of infrastructure projects. Positive for Sarda Energy and Minerals Ltd ((CMP: Rs.106.05).
  • MINING: The Odisha govt has increased iron ore mining cap for two of its mining circles, Joda and Koira, for the current financial year, a source said. Positive for Sarda Energy and Minerals Ltd (CMP: Rs.106.05).
  • RETAIL: Foreign multi-brand retail chains would not be restricted to invest the mandatory $50 mln to greenfield facilities alone and are free to buy a brownfield project with the same investment.
  • COAL INDIA: The power ministry will approach the cabinet committee on investments to sort out differences with coal ministry over quality of coal supplied by Coal India. An inter-ministerial group has approved 10% equity sale in the company, which is expected to fetch over 170 bln rupees to the government.
Those who are holding Hindalco Industries Ltd (CMP: Rs.105.40) should continue to do so with a SL of Rs.102. The scrip has been moving up since the last couple of days, due to optimism surrounding the copper prices.  CLICK HERE
Jai Corp Ltd, an Anand Jain managed company has come up with good set of numbers for Q4FY13. Net profit of Jai Corp Ltd rose 80.30% to Rs.18.30 Cr in the quarter ended March 2013 as against Rs.10.15 crore during the previous quarter ended March 2012. Sales, however declined marginally by 10.79% to Rs.161.71 crore in the quarter ended March 2013 as against Rs.181.26 crore during the previous quarter ended March 2012.  Jai Corp, incorporated in 1985 is traditionally been into manufacturing businesses like steel, plastic processing and spinning yarn. Apart from expansion of its plastic processing business, it is now focusing and investing in emerging opportunities like developing SEZs, infrastructure, venture capital and real estate. CMP: Rs.66.40.

Particulars Jai Corp Ltd Quarter Ended Year Ended

Mar. 2013 Mar. 2012 % Var. Mar. 2013 Mar. 2012 % Var.
Sales 161.71 181.26 -11 632.66 617.09 3
OPM % 12.78 5.56 130 11.35 9.09 25
PBDT 32.82 21.46 53 126.71 156.89 -19
PBT 28.35 17.05 66 108.69 139.59 -22
NP 18.30 10.15 80 74.89 98.93 -24