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.....👍✌

Thursday, September 12, 2013

Dena Bank Ltd today reached its first target of Rs.52 (intra-day: Rs.53.20), after which profit booking was suggested. The scrip closed today at Rs.51.05. 
Tulip Telecom Ltd asked to be accumulated in this blog, couple of days back, hit the buyer freeze. The scrip got locked in the UC at Rs.8.14. A change in outlook in the telecom sector, is what is making it move in the positive direction. 
Steel Authority of India Ltd, which was recommended in this blog around Rs.47.50-48, last week, today touched Rs.52. In the same way another scrip VIP Industries Ltd, today touched Rs.51.50. 
Today a buy was initiated in Reliance Capital Ltd at Rs.340-346, T--Rs.380, with a SL of Rs.333. Though the scrip went in for a late sell off, but it is expected to move up in the coming days. I have heard that a brokerage house has also recommended the scrip. Reliance Capital Ltd is an Anil Ambani group company, which is holding: 
(i) 3,10,95,295 shares or 1.51% stake in Reliance Communication Ltd. Now at today's closing price of Reliance Communication, at Rs.141.20, the total value of holdings of Reliance Capital Ltd comes at Rs.439,06,55,654 (~Rs.439 Cr). 
(ii)  18.49% in Reliance Media works, whose value works out to be Rs.39, 27, 77, 304.3 Cr (~Rs.39 Cr)
(iii) 41,17,823 shares of Reliance Power Ltd, whose value comes out to be Rs.27, 91, 88, 399.4 (~Rs.28 Cr)
(iv) 19.80% of the shares of Reliance Broadcast Network Ltd, whose value comes out to be Rs.73, 60, 68, 387.6 (~Rs.74 Cr). 
So, the total value in these holdings even at such dirt cheap share price (of the ADA Group) comes to Rs.141 Cr (approx) plus Rs.439 Cr = Rs.580 Cr. Now the market cap of Reliance Capital Ltd is only Rs.8,342.36 Cr. Moreover, Reliance Communication Ltd has recently roped in Deepak Khanna as chief executive officer (CEO), India Enterprise. This is seen as positive for both Reliance Communications Ltd and Reliance Capital Ltd. Besides, it is one of the likely candidate for banking license and according to Mr.Anil Ambani, it is adequately capitalized for the next three years. Reliance Capital plans to focus on five major businesses — life insurance, general insurance, health insurance, asset management and banking — for its future growth. Ambani also welcomed the Insurance Regulatory and Development Authority’s new guidelines that allow banks to be licensed insurance brokers. CLICK HERE & CLICK HERE. If you remember, this is the same blog which recommended Reliance Communications Ltd around Rs.59-60, some months back; when the historic deal between RCOM and RIL was struck. 
Kohinoor Broadcasting Ltd which was recommended a strong buy has been hitting continuous buyer freezes since the last few days. Today it hit the upper circuits at Re.0.20. Those who have averaged their buy price should be enjoying the ride. 
Allied Digital Services Ltd today touched Rs.20.40, before closing at Rs.19.74. The scrip should slowly move up in the coming days. Those who are holding should continue to hold the scrip or add on declines. 
A buy of Nifty_Futures was initiated today at 5833 with a target of 5880 and SL of 5820. Now with July IIP coming at 2.6% Vs -2.2% in June and CPI inflation at 9.52% in August, it is just a time that the target would be reached within a couple of days.