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.....👍✌

Friday, December 13, 2013

Reliance Communications Ltd: Reiterate a Buy
CMP: Rs.132.10

Reliance Communications reported a more than six-fold jump in net profit for the quarter ended September 30, 2013.

Reliance Communications came out with a net profit of Rs.675 crore for the three months ended September 30 from Rs.102 crore a year earlier.

Total income rose 6.55% to Rs.5,361 crore compared with Rs.5,031 crore for the same period last year.

The company said the net profit includes Rs.441 crore from a write back provision.

"The company has, during the quarter, reassessed the requirement of maintaining balance of Rs.441 crore of provision for business restructuring created pursuant to the schemes of amalgamation approved by High Court in financial year 2006-07 and as determined by the board, credited to other income as no longer required," it said.

The employee cost of the company also declined to Rs.224 crore for the reported quarter as compared to Rs.344 crore in the same period last year.

The company said it remains free cash flow (FCF) positive and this is expected to continue.

"Rcom generated operational cash flow (EBITDA) of Rs.2,328 crore in Q2, paid net finance charges of Rs.676 crore and invested Rs.364 crore on capex during the quarter," the statement said.

Rcom said revenue per minute (RPM) increased to 43.4 paisa, up 7.7% year-on-year basis.

"We have significantly improved RPM with tariff hikes and strong focus on paid and profitable minutes," it said.

The average revenue per user (ARPU) of the company stood at Rs.120 in Q2FY14.

The total data traffic was up 116%, y-o-y at 37,570 million MB. The traffic has increased due to increase in data subscribers and higher data usage per customer.

"The total data customer base has grown 30.8%, y-o-y to 34 million including 9.1 million 3G customers in Q2FY14," it said.

Chartically speaking, the GOLDEN CROSS, has already taken  place and it is only time that the scrip would move up.