|The Candle Stick Chart of Store One Retail Ltd|
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.
Friday, January 03, 2014
WINNING STROKES: THINK DIFFERENT
Today was a great turnaround story, at the dying moments of trade. In the morning the Paid / Premium Members were sent the note regarding the continuation of up-trend and use the dips as buy. However, at the same time caution was advised, in case Nifty_Spot broke 6200. The markets which tanked in the early hours, took a U-turn after Dr.Man Mohan Singh reiterated his commitment to continuance with his reforms agenda. He said, "Dr. Manmohan Singh also said that the REFORMS in India, is not an EVENT but a CONTINUOUS PROCESS". Also, overnight FIIs buy figures helped alleviate some of the fears from the minds of the bulls. The most important is the dramatic recovery in the broader market at the end of the day, with the stocks like Financial Technologies Ltd hitting the buyer freeze and Shree Ganesh Jewellery House (I) Ltd coming at a striking distance near the Upper Circuits. Today FIIs were net sellers of only Rs.18.06 Cr, which does not make much difference, to the BUY on DIPS outlook. The DIIs, it seems is in a never ending net selling spree. Today also DIIs sold shares worth Rs.280.77 Cr. This makes me a little suspicious of the DIIs figures, because the selling has been going on since the last 3-4 months (or may be more). If most of the Mutual Funds are BULLISH on the Indian Markets then why are the DIIs selling? Who are then DIIs comes the natural question?
Shree Ganesh Jewellery House (I) Ltd (Rs.29.90) is now going for showrooms of no less than 10,000 sq ft against the average size of 500-700 sq ft earlier. One such store is shortly opening in Ludhiana, Punjab. The company plans to create close to 200,000 sq ft of retail space, with 100,000 sq ft by QFY14. Moreover, The Economic Times of Dec 12, 2013, wrote that the banks are likely to restructure Shree Ganesh’s Rs 2.5k-cr debt. I am expecting the share to hit non-stop buyer freezes in the coming days. CLICK HERE.
Today Future Retail Recovered from Rs.74.20 to close at Rs.78.25, after touching the intra-day high of Rs.79.15. Also, Store One Retail Ltd (Indiabulls Retail Ltd / Pyramid Retail Ltd), closed at Rs.30.40 in the NSE, up 3.23%. The scrip is now above its 21D, 50D, 100D, EMAs and SMAs. Also, the scrip is above its 150D, SMA. The market cap of the company is only Rs.68.67 Cr. The H1FY14, EPS of the company is already Rs.8.06. So, it is really surprising how this Indiabulls Group company is trading at such a low price. Meanwhile, the Economic Times, writes, Bharti Retail today announced appointments of former head of Walmart India Raj Jain as its CEO and Pankaj Madan, another senior executive of erstwhile joint venture Bharti Walmart, as Chief Financial Officer. Therefore, the retail space is slowly hotting up. CLICK HERE.