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.....👍✌

Wednesday, January 22, 2014

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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