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.

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.