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.

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.