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, November 18, 2013

As expected the Indian Markets moved up today with Nifty_Spot crossing my first target of 6150. Now a whirlwind rally is on the cards especially in the construction sector post monsoon.  Now the government should announce some schemes which will bring the retail investors in the markets. US tapering fears are almost over, with Dr.Janet Yellen having said that the US economy is still performing 'far short' of its potential, and that the tapering of the $85-billion-a-month quantitative easing programme could begin only after there is significant improvement in the economic data. On this cue, foreign investors continue to be bullish on India, having poured in over Rs 4,000 crore in the equity market so far this month. Even today the FIIs data showed that they bought equities worth Rs.1158.57 Cr, which gives further ammunition to the bulls.
My recommended Bank of India Ltd (Rs.240.60) and Allahabad Bank Ltd (Rs.92.15) both crossed their respective immediate resistances. I am expecting Allahabad Bank Ltd to touched Rs.122-123, within the next one month time frame, as Dr.Rajan goes in for a repo rate cut to boost GDP growth. I am very bullish on the Banking sector, as I think this space has already bottomed out. 
After hitting my 1st target on the downside (I announced that in Facebook Page), Suzlon Energy Ltd (Rs.10.06) has again started hitting the upper freezes. Though I am not bullish on the counter, in the face of doldrums in the global carbon market and stable crude oil prices, but still speculative bets can be taken for a short term target of Rs.13.2. 
BGR Energy Sysems Ltd  (Rs.108.40) today closed above its 100 DWMA, which gives the next targets of Rs.113-115. This September, 2013, there were media reports that as a new management team has been re-instated in BGR Energy Systems Ltd. The new management has already indicated that their key focus would be on commissioning power projects on hand and reworking billing cycles to get back receivables. The new team of Chennai-based engineering and construction company, also said that it is looking at working overseas. Net profit of BGR Energy Systems Ltd rose 0.98% to Rs.35.07 crore in the quarter ended September 2013 as against Rs.34.73 crore during the previous quarter ended September 2012. Sales rose 31.84% to Rs.825.98 crore in the quarter ended September 2013 as against Rs.626.49 crore during the previous quarter ended September 2012.
My Recommended IVRCL Ltd (Rs.13.90) and Punj Lloyd Ltd (Rs.26.65) today moved up by around 3% today. I am more bullish on IVRCL Ltd than Punj Lloyd Ltd.Recently, IVRCL Ltd's water division bagged orders worth Rs.1,423.31 crore. IVRCL is engaged into engineering procurement and construction (EPC) activities in India. It conducts operations in 5 sectors namely Water and Environment, Transportation, Buildings, Power and Industrial Structures. IVRCL has a total order book of Rs.25,000 crore. The company has like most other infrastructure company has been aggressively pursuing BOT projects. The scrip is expected to cross Rs.40, within the next 3-4 months time frame.
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