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.....👍✌

Monday, December 30, 2013

Shree Ganesh Jewellery House (I) Ltd hit another buyer Freeze in the opening trade. The scrip was recommended to the Paid Groups some days back. The Book Value of the shares of the company is a whooping Rs.226.03. 
Essar Port Ltd today touched Rs.63, however, it came down after profit booking was suggested in the counter to the Premium Group members, due to certain reasons (to know the reasons you need to join the Premium Services). The scrip was recommended around Rs.56.70, last week. 
Today, a buy call was initiated on Rolta India Ltd at Rs.67-67.30, for a target of Rs.75-77. The company came out with good set of numbers for the September, 2013 quarter, which incidentally is the 1st quarter of the company, for FY14. In September, 2013 quarter, the net profit of the company came out as Rs.70.26 Cr, which gave an EPS of Rs.4.40. However, the company closed the FY13, in June, 2013 quarter, with a loss. Hence any loss in that last quarter of FY13 will not have any impact in the current Financial Year (FY14), which I feel many analysts overlooked. Also, the loss was due to EXCEPTIONAL ITEM, which the company clarified as follows: 
//During the fourth quarter of FY-13, as a matter of prudence & to align depreciation policy with the current replacement cycle taking into consideration various factors such as technology up-gradation and industry best practices, the Company has revised estimated useful life of all assets. Useful life of Computer Systems is now estimated at 2-6 years against 4-10 years earlier, Other Equipment at 10 years against 20 years earlier, Furniture & Fixtures at 10 years against 15 years earlier and Vehicles at 5 years against 10 years earlier. Consequent to above, there is an additional charge for depreciation during the quarter amounting to Rs. 1,152.72 Cr which is shown as an exceptional item. Further consequent to this the profit for the year(after exceptional item)is lower by Rs. 1,152.72 Cr however, this has no impact on operating profits as well as cash flows for the year ended June 30, 2013. Further to disclose the fair value of Freehold & Leasehold Land, the Company has revalued these assets to Rs. 1,057.10 Cr. based on independent valuations and an equivalent amount has been credited to Revaluation Reserve Account. This revaluation has no impact on P&L for the year and the net impact on reserves after considering change in estimate & revaluation of assets is Rs. 95.62 Cr.// Now, going by the current trend we can expect an EPS of Rs.11-12 in FY14, which gives the year end target of Rs.120-130 for the scrip, after giving suitable discounting.  The Board of Directors has recommended a dividend of Rs. 3.0 per share for the FY2012-13. The book value of the shares of the company is Rs.157.74. Rolta  is  a  leading IT  services player  in three  major business segments: Geospatial Services, Engineering Design and eConsulting. It provides integrated solutions for  mapping, mechanical designing and ERPs for defense, government, infrastructure and utilities sector. It has tied‐up with global giants like Thales, Stone & Webster and CA for various technological alliance and offshoring contracts. It has a monopolistic market share in GIS and Infrastructure design business. Its elite clientele includes likes of Indian Defense, Reliance, British Telecom, ONGC, Saudi Telecom, Dubai Municipality, CA and others. The  company  offers  high end services  in  all  its business segment.  It has a technological edge powered by its large rich depository  of  IPRs,  highly  skilled  & experienced  manpower  and domain expertise.  CLICK HERE.
Country Club (India) Ltd which was recommended here in this blog, last week and asked to be accumulated on all declines, today touched Rs.9.50, before closing at Rs.9.41, up more than 7%. The scrip will slowly head towards Rs.17-18 mark. 
A Buy call was initiated in Nifty today, after while, the indices recovered by more than 15 points. The outlook looks positive and the BULLS can carry forward their longs for a target of 6350 on Nifty_Spot. Today, i.e.on 30-Dec-2013, the FIIs have been a net buyer of Rs.116.06 Cr. To get more such calls join the Premium Service or my recommended Brokerage House/ s and stay ahead of others.