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, 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.