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, October 28, 2013

B F Utilities Ltd recommended around Rs.131-132, today hit the buyer freeze at Rs.230.60. However, I got many of your mails that you missed the counter.  Yes, this counter is always unpredictable and very volatile, so it is always risky to put safe money here. Those who have bought the scrip are lucky and now should book profits. 
Today, to the surprise of everyone, Future Retail Ltd (Rs.71.95) crashed in the bourses and closed below some of its key moving averages (but still 21 DSMA > 50 DSMA). I immediately called on the sources, to find out if there is something untoward happening, but all confirmed nothing of that sort. Therefore, it is widely felt that the shares of Future (Pantaloon) Retail Ltd. probably reacted to the bad results of its group company, Pantaloons Fashion Retail Ltd (BSE Code: 535755) but what they forget to see is that while in Future Retail Ltd the PROMOTERS HAVE INCREASED THEIR STAKE / HOLDINGS in the September, 2013 quarter, from the June, 2013 quarter, the same was not seen in the latter, though there was a minuscule rise in the FII holding, speaking sequentially. Therefore, street is of the belief that this fall is artificial and the stock should recover, in the coming days and a target of Rs.91-92 cannot be ruled out; provided Q2FY14 results are not too dismal. IDFC Securities Lt says in its results preview for the September, quarter, "The results for Future Retail will only reflect the value retail piece (Big Bazaar and Food Bazaar, Home Town, E-zone) and hence not comparable. We expect about 8%, like-to-like growth for the entity led by strong sale season in July and August".
Today Manappuram Finance Ltd (Rs.15.73), hit the upper freeze after the news of buoyancy in gold prices, were published in Economic Times. But, it is doubtful how long will this rally survive in the counter, after RBI put up lot of barriers in the business of Gold Loan Companies. Besides, even if the RBI does not go for a Repo rate hike, still it will not be positive for the Banks and NBFC sector--the move can at best be said sector-neutral. Therefore, take your decisions accordingly. However, if anyone is betting for the long term then this is an idea scrip. Having said, this I would like to point out that then you need to define your long term, because there are scrips, listed in the BSE, which are near their all time lows evem today, after the historic crash of 2008. 
 Note: My computer system is has been hacked, hence, I am only getting partial service. Till my service engineer comes post "Deepawali", the FREE SERVICE of this blog could be affected. Kindly bear with me. Meanwhile, those who would be joining my recommended brokerage house/s till 31st October, 2013, will now be allowed FREE PAID SERVICE, with only ONE LAKH, portfolio size. So, rush in for your details. Those who have already applied please wait for sometime for your forms to get processed. You will be informed in mobile, as soon as your demat / trading accounts are opened.  JOIN ME NOW.