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, 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.