Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌

Monday, June 03, 2013

Market Mantra
Photo, Courtesy: Flying Calls
Buy Nifty_Futures at 5946, T--5990, SL--5900. The markets are expected to improve at the latter hours today. The market has more or less bottomed out, as it is now  almost confirmed that there would be a CRR cut in the June, policy rates of the RBI. Some of the reality/construction counters, like ARSS Infra Ltd, DLF Ltd, Peninsula Land, Brigade Ent, JP Associates Ltd, etc.  are already reflecting such positive anticipation. US indices fell sharply on Friday amid concerns the US Federal Reserve may start scaling back its quantitative easing programme due to rising consumer sentiment and improvement in manufacturing data. If there is an improvement, in any economy, why should there be a sell off? Hence, theoretically speaking, the US markets should move up and at the same time USD should strengthen, as it could signal an end of the low interest rate regime. While in India, we have a softer interest rate cycle already in place.  Any fall in the INR against USD will be positive for the export oriented sectors, like Textiles, IT, Auto, Iron and Steel, etc. Hence, all these apprehensions, of a crash in the US and Indian markets are, media made fears and should be overlooked.
Buy Eros Media Ltd at Rs.163, T--Rs.177-182, SL--Rs.157. The company is expected to have lot of releases in Q2 and Q3. 
Buy IVRCL Ltd at Rs.17.25, T--Rs.23, SL--Rs.16. The company came out with a good set of numbers for the Q4FY13. Buy HDIL at Rs.41, T--Rs.49, SL--Rs.37. The stock has more or less bottomed out and with the company giving good guidance (though a bit cautious), the scrip should do well in the coming days. 
Glodyne Tech Ltd, came out with results which are a little better than expectations (no one has expected a profit in Q4FY13). The point is that inspite of writing off a huge bad debt of Rs.126 and making some provisions for a subsidiary its bottomline in Q4FY13 is better sequentially. Hence, I do not think there is much downfall left in the company's share price. CMP: Rs.11.15.