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.....👍✌

Sunday, March 30, 2014

Jaiprakash Power Ventures Ltd: Buy
CMP: Rs.14.25
Introduction: Jaiprakash Power Ventures Ltd is an Indian power company, incorporated on Dec 21, 1994 and is a part of India’s leading Infrastructure conglomerate - Jaypee Group. It currently operates the largest hydroelectric power plant in the private sector in India. Its power projects which are in different stages of implementation include Hydro, Thermal and Transmission.
The Jaypee Group is a diversified infrastructure conglomerate in India with interests in Civil Engineering and Construction, Cement, Power, Real Estate, Expressways, Hospitality, Golf Courses, Sports and Education (not-for-profit). 
Financials: Jaiprakash Power Ventures’ (JPVL) reported net loss of Rs.150 Cr in Q3FY14, which were mainly due to seasonal lower hydro-electric generation and under recovery of fixed costs at Bina. 
Vishnuprayag hydro plant (VHP) remains shut but the management expects to bring it online by next April, 2014. 
Conclusion: The future stock price movement will be driven by developments around company’s plans to fund (a) corporate debt repayment of Rs.34.6 bn and (b) Rs.16 bn equity for Bara and Nigrie plants over FY14-15. Recently, its group company Jaiprakash Associatess Ltd sold its entire 74 percent stake in Bokaro Cement to Dalmia Bharat, which fetched the company around Rs.700 crore. On a consolidated basis, Jaiprakash Associates had a debt of around Rs.63,000 crore. But post the three deals – Ultratech ,  Jaiprakash Power Ventures  and the recent Bokaro – its debt burden has gone down by about Rs.14000 crore. According to an analyst, the company's debt burden could come down to sub-Rs 50,000 crore by March '15, assuming it doesn't enter into any other deals. 
Meanwhile, there were media reports this month that, Jaiprakash Power Ventures Ltd, sold two hydro power units to TAQA for Rs.10,500 crore. This will help JP Power Ventures bring down its debt by that much amount and help the company deleveraging. Moreover, its FY15 earnings growth will be anchored on the expected commissioning of Nigrie plant.
Buy the scrip at the CMP of Rs.14.25, for a short term target of Rs.16.5-17 and medium term target of Rs.25.