Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌



Wednesday, December 25, 2013

'Buy' rating on Thermax Ltd, target price Rs 850: Motilal Oswal
[Essar Refinery is the first in India and among a few in Asia to set up coal fired boilers for steam and power requirements. This is expected to result in increasing the refining margins by ~$1 per barrel......this success can be an important trend setter, particularly in the refinery and petchem segment]
We maintain our ‘buy’ rating on Thermax Ltd with an 18-month price target of R850 per share (20x FY16e at R762 per share and R86 per share in subsidiaries). At the current market price of Rs 690, the stock trades at price-to-earnings (P/E) of 27.3x FY14e, 23.4x FY15e and 17.5x FY16e. Our top picks in capital goods segment are Larsen & Toubro, Thermax, Cummins. We recently upgraded Bharat Heavy Electricals Ltd (BHEL) to ‘buy’ and believe the risk-reward is favourable.

Coal-fired boilers installed by Thermax at Essar Oil’s refinery have completed one year of working at rated conditions. This is an important milestone the company given that this is the highest capacity boiler (750 TPH) and first pulverised coal fired system from Thermax, according to Thermax’s in-house magazine “FireSide” highlighting milestones achieved by its business divisions.

Essar Refinery is the first in India and among a few in Asia to set up coal fired boilers for steam and power requirements. This is expected to result in increasing the refining margins by ~$1 per barrel. We believe this success can be an important trend setter, particularly in the refinery and petchem segment.

Thermax has been honored with the ‘Best Innovator Award 2013’ by the Biotechnology Research Assistance Council, Govt of India. Further, as part of the indigenization program for Indian Navy, Thermax has successfully developed “Burners” for the boilers of the fighter aircraft carrier, INS Viraat. This is an important milestone and 1,000 hours of on-board initial sea runs were logged in to get the final approvals.

Courtesy: The Financial Express