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" in the hands of "UP ka Beta", will invariably bring Shame to the Biharis and Jharkhandis. So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar. This might also probaly 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 and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar...

Tuesday, December 10, 2013

J P Infratech LtdStrong Upmove Expected
CMP: Rs.22.20
This is the infrastructure company, which also operates the Yamuna Expressway Project. It posted a net profit of Rs.180.95 crore in the corresponding quarter last fiscal year (FY13), it said in a filing to the BSE.

Net sales grew to Rs.796.63 crore in the quarter ended September, 2013, from Rs.704.68 crore a year ago.

Higher expenses coupled with escalated finance cost impacted the bottom-line of the company, it said.

While total expenses grew by 28.46 per cent to Rs.449.23 crore in the second quarter of the current fiscal year (FY14), finance costs escalated to Rs.221.24 crore.

Finance costs stood at Rs. 132.31 crore during the quarter under review.

However, the company clarified that the finance cost for the quarter is not comparable with the corresponding quarter of the previous year as "after commencement of commercial operations of the Yamuna Expressway with effect from August 07, 2012, interest is being charged to the statement of profit and loss".

The scrip is showing initial signals of a reversal in the downtrend since January. The steep fall from January’s high of Rs.58.6 halted in August. The stock has formed a strong base between Rs.15 and Rs.20 over the last three months.

The outlook is bullish and the stock can extend its rally in the coming weeks. Moreover, there is a strong support in the Rs.18.5-17.5 zone which can limit the downside in case of a pull back. Only a decline below Rs 17.5 will turn the outlook negative, which looks less probable at the moment. Also, there is a high probability of fresh buying if the stock declines to the Rs 18.5-17.5 support zone.

A strong break above Rs 27.7 will take the stock towards Rs 32 and Rs 39 — the next targets. Buy the scrip without any fail, as it is a profit making company.