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.

Saturday, March 08, 2014

TV18 Broadcast: Ready To Surge Ahead
CMP: Rs.22.90
TV18 Broadcast Ltd's consolidated net profit more than doubled (142% from a year earlier) to Rs.51.67 crore in the third quarter ended December 31, 2013, on a fall in programming cost and marketing, distribution and promotional expenses and as its consolidated revenue increased.

The company had posted a consolidated profit of Rs.21.27 crore in the same period a year earlier.

Total income from operations rose to Rs.525.47 crore from Rs.512.43 crore, the company said in a BSE filing. Finance costs declined 46% to Rs.17.1 crore from Rs.31.45 crore. Expenses during the quarter declined to Rs.460.12 crore from Rs.474.99 crore.

The company reported its highest ever quarterly Operating Profit (EBITDA) at Rs.77.5 crore, up 61 per cent year-on-year with both the entertainment and news businesses turning in strong quarters.

On a consolidated basis, the company’s advertising revenues grew 3% year-on-year. While the news and infotainment advertising environment continued to be sluggish, entertainment led by Colors and MTV delivered strong double digit advertising growth.

Its net distribution Income continued its steady growth at Rs.43.6 crore, a rise of 145% year on year.

Entertainment operations at Viacom18, led by Colors delivered a healthy performance even as Motion Pictures saw losses in this quarter. Infotainment operations at A+E Networks I TV18 broke into positive territory and IndiaCast continued on its robust growth trajectory.

Chartically speaking, the scrip is trading above its 100D and 200D SMA and EMA. The MACD and other parameters are more or less in the buy mode. The scrip is expected to give decent return going from here; the immediate target for the scrip seems to be Rs.25.