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.

Tuesday, November 05, 2013

Market Mantra
After a long rally during the last few days. profit booking is seen in some of the key index pivotals. But such profit booking is healthy, as it allows the entry of fresh funds into the market. Nifty is up more than 600 points or ~11 % from last Deepawali. This clearly shows that the long term trend is up. The Nifty_Spot has already  reached near to all time high leve and is all set to move towards 7000, as the FIIs continuously pour in money in Indian Capital Markets. Any Bull market is generally greeted with skepticism and this one is also facing the same, with  some profit booking coming in the large caps. 
Although the area of 6350-6450 is a strong resistance zone for the Nifty_Spot, and profit booking in large caps could emerge in this area, but a dip should always be used for buying. This market is now a BUY on DIPS market. Since the morning inspite of profit booking it is seen that the BULLS are able to hold 6250-6230 range, this shows that buyers are just booking profits in some of the large caps and entering the more lucrative mid and small caps. Today, Future Retail Ltd is already by more than 5% and the next target is Rs.XXX (for the Paid Members only).
Resistance: 6350 / 6450
Support: 6250 / 6200.
Today's call: Buy Redington (India) Ltd at Rs.65-65.50 for a target of Rs.XXX (intra-day) and Rs.XXX, for the short term. Yesterday, there was movement in Rolta Ltd which jumped from Rs.60 something to the CMP of Rs.74. This could be the next target of the Bulls. Exit Manappurram Finance Ltd (Rs.15.50) and Muthoot Finance Ltd (Rs.102.50) and invest the same funds here. The IT sector has started to look up once again following media reports that the INR could be again heading towards Rs.69-70 mark. Also, for the moment don't buy Suzlon Energy Ltd (Rs.9.70), because the correction is still not complete and the global situation for wind energy has still not improved much. 
My recommended Dena Bank Ltd today touched Rs.63, the scrip was recommended around Rs.47-48. In the same vein, SEL Manufacturing Company Ltd, today touched Rs.3.93 and is now trading at around Rs.3.84. This scrip is expected to give stupendous returns going forward, as the textile prices have risen considerably during the last few months, especially the readymade garments. Also, the textile sector is more or less an export oriented sector, it will benefit from the depreciation of the INR against the USD. 
BGR Energy Ltd today touched Rs.118, the scrip has an EPS of Rs.23.20 and P/E of only 5 against the Industry average of 12.67. Even if it gets a reasonable P/E of 9-10, the scrip should be trading above Rs.200. In the June, 2013 quarter, its total income came out to be Rs.821.32 against Rs.611.04 Y-o-Y,  while its net profit in Q2FY14, came at Rs.37.36 Ct against Rs.33.66 Cr in Q2FY13. The EPS of the company for Q2FY14 was Rs.5.18 against Rs.4.66 in Q2FY143. This gives a natural yearly target of Rs.350-400. Buy the scrip before it moves away.