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, November 28, 2013

IVRCL Ltd (Rs.14.15): Steady Upmove Ahead
IVRCL Ltd is an infrastructure player, which showed a sharp rise in standalone net profit for the quarter ended September 2013 (Q2FY14). During the quarter, the profit of the company rose a whooping 3.09 times to Rs.1,224.93 million from Rs.395.90 million in the same quarter last year. Net sales for the quarter rose 13.07% to Rs.11,246.85 million, compared with Rs.9,947 million for the prior year period.

In an interview with a leading Business Channel, Mr.S Ramachandran, Director (Business Development) IVRCL said  that the margin and revenue growth for the company will come in from engineering, procurement and construction (EPC) contracts and not Built, Operate and Transfer (BOT) projects because BOT is essentially a function of self sustaining the debt as well as interest payment.  Recently the road ministry has approved 14 highway projects to be bid under the engineering, procurement, and construction model (EPC), which looks positive for the company.

The company has land parcels worth around Rs.1200-1300 crore, which it plans to place as collateral to lenders to get loans of around Rs.1000-1100 Cr. According to the management this is expected to give some solace to the phenomenon of temporarily liquidity crunch. Meanwhile, IVRCL Ltd is looking at closing FY14 with an order book of about Rs.8000 core and targeting a total income of about Rs.6100 crore but feels the company will manage to do only about Rs.5700-5800 crore.  

IVRCL Ltd has a total order book of around Rs.25,000 (twenty five thousand) crore as of September, Sep 27, 2013.

The management said, IVRCL Ltd would be doing much better in both Q3 and Q4 quarters of FY14 (i.e.Q3FY14 and Q4FY14), because there is no lack of orders, except financial constraints., which it is is looking to solve over the next couple of months time frame.  

Moreover, chartically speaking, today the scrip closed above its 21D, 50D and 100D, EMAs and SMAs, with good volume, which gives much confidence to the bulls. Also, most of the parameters in Candle Stick Chart looks goo. The scrip is expected to get the 1st resistance around Rs.16.20--16.90 ranges. Also, once it closes above Rs.19, we can look for much higher targets.This scrip could be one of the dark horses in this space and hence investors should buy the shares of IVRCL Ltd at Rs.14.15, before, it rushes out of the platform.