|Rakesh Jhunjhunwala holds Position in Geometric Ltd (Rs.75.15) & Aptech Ltd (Rs.57.10)|
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.
Sunday, September 01, 2013
Why top-4 global brokerages are turning positive on Indian IT sector
According to analysts, IT stocks will keep on rallying despite negative headwinds related to US Immigration Bill, but weak rupee and smart recovery seen in the global economy, especially in the US, is likely to infuse more interest in IT stocks.
The BSE IT index has rallied a little over 5 per cent so far in August as compared to nearly 7 per cent fall in the S&P BSE Sensex, as of data collected on August 28.
The Indian currency has plunged a little over 13 per cent in August. This favours export-oriented firms with zero or relatively low foreign debt.
TCS and HCL Technologies are also on brokerage firm's top 'buy' list. Jefferies has upgraded their target prices to Rs 2215 and Rs 1260, respectively. The increased target price on TCS and HCL Technologies translates into an upside of 16.29 per cent and 28.8 per cent from Wednesday's closing price.
Although US Immigration reform is delayed but still poses significant risk as most Indian IT companies generate revenues from the US markets.
BofA-ML raises target price on IT stocks on demand uptrend, rupee weakness. "US Immigration reform is delayed but not dead but still poses a key risk to the sector," added the report.
The brokerage firm has a 'BUY' rating on Tata Consultancy Services but has upgraded its target price from Rs 2100 from Rs 1860 earlier. Infosys and HCL Technologies are also on the top 'buy' list with increased target price of Rs 3500 and Rs 1100, respectively.
According to analysts, companies which generate revenues from the US and European markets, which are showing signs of economic recovery, tend to protect investors when there is a slowdown in local core sectors and a sharp depreciation of the rupee.
The measures taken by the government to rein in the rupee has met little success so far. The deteriorating macro economic situation provides good investment opportunity in the IT sector.
"On the contrary the more mess-up the policymakers make on the macro front, it benefits IT companies and makes them more attractive. So, it is actually very ironical," said Vijai Mantri, MD & CEO, Pramerica Mutual Fund in an interview with ET Now.