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, May 18, 2013

Sarda Energy and Minerals Ltd: Breaks Out
CMP: Rs.107.60
Sarda Energy & Minerals Limited (SEML) is one of the lowest cost producers of steel (sponge iron, billets, ingots, TMT bars) and one of the largest manufacturers and exporters of ferro alloys in India. Headquartered in Raipur, Chhattisgarh, the company merged with Chhattisgarh Electricity Company Limited (CECL) in 2007 with a vision to becoming a leading energy and minerals company. 
The company has acquired iron ore, coal and manganese mines in India and is aggressively looking for mineral resources across the globe. 
Sarda Energy & Minerals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 25, 2013, inter alia, to :
1. approve the annual audited accounts for the financial year 2012-13; and
2. declare dividend on equity shares, if any. 

Financials: For the 1st 9 months of FY13, the EPS of the company is whooping Rs.20.84. This gives a target of around Rs.175-180, after suitable discounts. Buy at the CMP of Rs.107.60 for a short term target of Rs.125-130.