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.

Friday, November 01, 2013

Market Mantra
Market continue to trade in positive zone since the morning trade. Yesterday, Nifty made yearly high of 6309 and closed at 6299 with a net gain of 47 points  Most of the PSU banks were among the best performers with BOI emerging as the leader with a whopping 21% gain, intra-day. Today also, the banks continued their upward journey, with Dena Bank touching the 3rd target of Rs.59. 
The point which is to be noted is that Nifty has settled with a spectacular gain of 417 points as compared to September, expiry. This accounted for an appreciation of 1190 points within just 2 months period. The BULLS are in full charge of the things, with FII money creating all the difference. 
However, the area of XXX (for Paid Service Group or for those who are trading through my Recommended Brokerage Terminals) could pose as strong resistance zone and profit booking might start in this area. However, since the morning it is seen that the Nifty is holding on to the zone of 6270--6300, quite well. The markets are in full BULL GRIP and any opportunity should be used to BUY good stocks, which are available at reasonable valuations. This market is now probably a classic 2004-05 template, of the BULL Charge. 
Today's call: Buy BGR Energy Ltd at Rs.116.80-117, T--Rs.132, SL--Rs.112. The stock has clearly given a break out on the daily charts. Fundamentally too the scrip looks good. BGR Energy Ltd has a book value of Rs.169 and EPS of Rs.23.20. Its P/E is only 5.4 as compared to the Industry P/E of Rs.12.53. It is therefore surprising how the scrip is trading at such a dismal price??! This is a sure shot call, therefore, one should have at least 500 shares in their portfolio. CLICK  HERE, CLICK HERE and CLICK  HERE
There could be some surprises in the offing in the scrip of Kavveri Telecom Products Ltd (Rs.27.50). The company is expected to declare its September, 2013 quarter results by 14th November, 2013. A board meeting could be held at anytime from now, to finalize the date of the declaration of the results. 
Future Retail Ltd (Rs.76.40) is continuing to make higher tops and higher bottoms on daily charts, indicating that slowly the scrip is being accumulated by known circles. The promoters have already hiked up their stake, as per latest shareholding pattern. Moreover, Future (erstwhile Pantaloon) Retail Ltd.  is in the process of merging its wholly owned subsidiary FVRL with itself and is awaiting regulatory approval, it said. Its stand-alone business primarily includes its home and consumer durables retailing business. During the September quarter, Big Bazaar added a store each in Kolkata, Mumbai, Agartala and Kochi. It also opened eZone stores in Bangalore, Ahmedabad, Mumbai and Mysore. The company also added HomeTown Express stores in Hyderabad and Lucknow.