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, October 07, 2013

Friday's session was marked by volatility. Nifty opened in red, went up to 5950, fell down to 5885, and again went up to 5950 and again fell down to 5896--it was all erratic moves throughout the day, with the absense of any clear trend. Nifty finally settled flat at 5907 with a net loss of 2 points. However, the crucial point was: Bulls were able to hold it above 5800. 
Last week was also volatile, when the Nifty_Spot broke 5700 on the downside only to bounce back to 5950. This kind of extreme volatility is making prediction of future Nifty movements very difficult. But it seems there is a ray of hope for the bulls: from the morning trade it is found that the Nifty_Future level of 5870-5875 is proving good support for the market or the BULLS. This gives some positive indications in the short term. 
Support: 5840 / 5880 (Nifty_Spot)
Resistance: 5925 / 5950 (Nifty_Spot)
Today's call (to the Paid Members)
(i) One can buy Nifty_6100 call at Rs.61-62, for a target of Rs.84; SL--Rs.56.  (Already reached Rs.74)
(ii) Buy Yes Bank Ltd at Rs.309-3010, T--Rs.317, SL--Rs.306 (Already reached Rs.112). 
(iii) Buy Punj Lloyd Ltd at Rs.25.15, T--Rs.27, SL--Rs.23.40. 
Glodyne Tech Ltd (Rs.8.55) and Geodesic Ltd (Rs.4.79) has been hitting the buyer Freeze, since the last few days, on better future prospects. The IT index is up today by 70 points. 
Everonn Education Ltd hit the buyer freeze in the morning, only to cool down a bit. Robust classroom additions, improving penetration within schools and introduction of compulsory courses in colleges, are expected to improve the quality of earnings in VITELS.  With business mix trending towards the high margin/ value creating businesses, incremental growth coming from the JV with NSDC, and investment structure in place for fueling back-ended growth (K-12 and B-schools), EEDU’s business clearly holds merit.  EEDU has the potential to garner enhanced scalability, profitability and thereby value over the longer term, with execution in K-12 as also skill development being critical.  Further, it is expected that the JV with NSDC reflects the inherent benefits of inducting co-promoter Nikhil Gandhi, into the company. Given the current spate of positive news, I will not be surprised if the scrip crosses Rs.50, in the next couple of months time frame. Q1 is generally a weak quarter, so we may not give too much importance to Q1FY14 results. But, the stock which was around Rs.160-170, only a year back, is now trading at almost one sixth that price. No wonder it was around Rs.1100 plus in 2008-2009.  Amongst New businesses under Other’s segment, Everonn Skill Development (ESDL) and the Business School (under EBEL subsidiary) continues to add to its bottomline. Further the company also made 9 K-12 Kenbridge schools and 1 Winfinity (International K-12) school operational in Q1FY12, which has started contributing to revenues from Q2FY12 onwards. Now you can decide what to do with this scrip.
BANKING: The government will "sufficiently enhance" capital infusion into state-owned banks over the budgeted 140 bln rupees for the current year, the finance ministry has said. 
• ABB (INDIA): The Bombay HC has approved the merger of Baldor Electric with company. 
• ASHOK LEYLAND: To launch multi-utility vehicle Stile and light commercial vehicle Dost Express in October. 
• BPCL: Has signed a long-term agreement with Prodair Air Products India for supply of hydrogen, nitrogen and steam to the company's integrated refinery expansion project in Kochi. 
• CLARIANT CHEMICALS: Has said its Roha plant in Maharashtra is now compliant with global auditable standards that specify requirements for cosmetic product safety management. 
• GODREJ CONSUMER PRODUCTS: Is gearing up to set up factories in Tanzania and Uganda. 
• MAHINDRA & MAHINDRA: South Korean arm, Ssyangyong Motor Co, sold a total of 10,436 units in September, up 2.8% on year. 
• MANAPPURAM FINANCE: US-based private equity firm TPG is in talks with the promoters of  the company for buying a minority stake. 
• MOIL: Has raised prices of most manganese ore grades by 5% for Oct-Dec. 
• PERSISTENT SYSTEMS: Has opened a software development centre in Ohio, US, to collaborate with local companies. 
• PIONEER DISTILLERIES: Diageo Plc has bought 4.4% stake, or 585,000 shares in the company through the open offer route as against a target of 2.5 mln shares. 
• SUN PHARMACEUTICAL: Shareholders have approved an enabling resolution to raise up to 120 bln rupees through equity over the next one year--raising the limit by 50% from the previous year--and also raised investment limit by two-thirds to enable inorganic growth. 
• SRF: Promoter KAMA Holdings on Monday increased stake in company to 52.10% from 49.95%. 
• ZEE MEDIA: To acquire up to 100% stake in Maurya TV. 
• AAREY DRUGS: Board has approved the demerger of part of the petrochemical business into Enam Organics India.