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, October 31, 2013

H.E. Sh. Shivraj V Patil, Hon’ble Governor of Punjab
conferring LMA- Vardhman Award for Entrepreneur of
the year 2011 to Mr. Neeraj Saluja, M.D,
SEL Manufacturing Company Limited 

Tulip Telecom Ltd today closed flat at Rs.7.62. There are rumous in the market that the company would probably get the 1st installment of loan by 15th November, 2013. The company is also tentative to come up with results by the 2nd week of November, 2013. In the telecom space, barring Bharti Airtel, FIIs have been net buyers in other stocks—Tulip Telecom, Idea Cellular, Reliance Communications and Tata Telecom. One should go for bulk buying before it start to shoot up. I would suggest everyone to buy at least 10, 000 shares of the company and hold for 3-4 months. If you can hold Fixed Deposits which gives meagre  returns of around 10-11% per year for 3-4 years, then what is the harm in holding this scrip for 3-4 months, when the returns are sure shot?
Dena Bank Ltd today touched the 2nd target of Rs.54, when it suddenly spurted after Allahabad Bank Ltd reported a jump of 18%  in its Net Profit which came as Rs 276 Cr, though with the aid of other income. Also, recently there were some media reports that possibly the RBI has done away with the rate hikes, in the short term. But still question remains on the future of the banks. I would suggest all to book at least 60-70% profits on your holdings on banks and wait for a clear direction in this sector. You can keep a trailing stop loss 10% on your remaining holdings.
Meanwhile, another scrip which should attract your attention is SEL Manufacturing Company Ltd (Rs.3.59). The scrip price is not showing the real development in the company. Net profit of SEL Manufacturing Company Ltd rose 173.25% to Rs 40.96 crore in the quarter ended June 2013 as against Rs.14.99 crore during the previous quarter ended June 2012. Sales rose 84.90% to Rs 1036.11 crore in the quarter ended June 2013 as against Rs 560.37 crore during the previous quarter ended June 2012. This scrip is a must buy and hold. CLICK HERE
Note: By today mid-night the "Festive Discount" offer on my Paid Service and joining of my recommended Brokerage House, with lower PORTFOLIO VALUE ends. Congratulations to those who have joined my service during this period. Those whose accounts are still to be opened please give a few days for the things to get streamlined.