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, 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.