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.
Wednesday, January 22, 2014
WINNING STROKES: THINK DIFFERENT
Entegra Ltd hit another buyer freeze in the opening trade. The scrip is moving towards Rs.10-12 in the coming days. So, try to rise this moving bus, whenever you get time---it is from a reputed group, and hence one need not have to think too much of its pedigree.
Shree Ganesh Jewellery House (I) Ltd today closed flat at Rs.26.50. The stock should give decent returns going forward, as off late we have seen the buoyancy in the Gold loan companies. Moreover, the company is expected to benefited from the government of India's 80:20 policy regarding gold jewellery exports. It is taking all measures to focus more on exports, to maximize shareholders' wealth.
Southern Ispat and Power Ltd closed with a loss of more than 9%, due to large scale erratic buy and sell trades by the operators. However, with market cap of only Rs.32.91 Cr, Half Yearly EPS of Rs.1.15 and FIIs increasing their stake from 1.49% in September, 2013 to 1.63% in December, 2014, the scrip looks attractive at the current price of Rs.2.49. Also, The Bank of New York Mellon DR holds 59.80% of the shares of the company. Moreover, during the September 2004 the management decided to increase its capacity and control the expenses by installing one 6 MT furnace with advanced technology instead of 3 furnaces. According to the management this move has increased the profitability of the company to a very good position. This new venture has cut short the expenses in several ways, like maintenance, labour, consumables, cutting charges etc. Now there was a recent media report that the Karnataka government has handed over 2,000 acres at Kuditini in the Bellary district to global steel giant ArcelorMittal to set up a six-million tonne-per-annum (mtpa) plant (6 MT Plant). The company had signed a memorandum of understanding (MoU) with the state government to set up the plant at an investment of Rs.30,000 crore. On October 3, 2013, the Times of India wrote: "Godawari Power and Ispat Limited, a Raipur-based iron ore pellets and steel producer, plans to set up a 1m tonne (1 MT) steel plant at an estimated cost of about Rs.4,500 crore in the state". Therefore, now you can calculate the cost of setting up such a steel plant in any part of India and find out the valuation of the share price. Besides, the company last year in its annual report said, that it is in dialogue to acquire 50% stake, in Buxwaha Iron Ore mine spread over 150 Hectares in Chattarpur area of Madhya Pradesh. I think the scrip could be hitting repeated buyer freezes in the coming day, as its share is ridiculously priced, even without considering the company's other business. The scrip should be moving towards Rs.7-8, in the coming days.
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