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, January 06, 2014
IVRCL Ltd: Solid Bottom Formation
The first sign of relief will come from lower interest rates, which will also ease working capital pressures. With the current set of conditions it is apparent there is NO ROOM for a further REPO rate or CRR HIKES by the RBI. The inflationary expectations though are still there, but it has been seen that keeping rates high has two major negatives: (i) Slows down the economy and might cause severe unemployment problems (ii) Pushes up the cost push inflation more than, slowing demand. Hence, rate hikes till now has done more bad than good. When there is a wage-spiral in the rural India, then that is bound to affect the A-S Curve, because large part of the Indians live in the small cities.
Moreover, the interest rates have somewhat bottomed out and a turning of the monetary policy cycle is just few kilometres away. However, much, of course, depends on the outcome of elections in the middle of the year. Faster policy decisions along with quick execution by the new government of India, to nudge the economy into recovery will help these firms and their order books.
IVRCL Ltd has a humongous order book position of around Rs.25,000 Cr. It undertakes BOT/ BOOT / DBOOT Type Public Private Partnership (PPP) projects. Started in 1990, IVRCL has become a leading player in EPC and LSTK contract implementation in India. It has a Strong presence in Water, Transportation, Building & Industrial Structures and Power sector.
I am expecting a target of Rs.20, in the short term, as chartically speaking, the scrip looks to be very attractive. CMP: Rs.16.25.