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.

Monday, April 21, 2014

Market Mantra
Market came out with a smart rally on last Thursday and Nifty closed with a massive gain of 104 points. It was a gap up opening followed by sustained buying all through the day taking it to a high  of 6783 and closing near the high of the day. 
Nifty is trading near it all-time high levels and Bulls are in total control of the market. As we know, in the past the levels above 6800 had attracted profit booking. However, buying interest on dips has pulled it back. This also shows that Nifty has again turned into Buy on Dips.
Resistance: 6800/ 6825
Support: 6760/6720 
Please Click on the Photo to expand
Today's call: Todays' call: Buy Hinduja Ventures Ltd  (BSE Code: 500189) at Rs.265-266, for a target of Rs.400, SL--Rs.248. The company is from the reputed Mumbai based Hinduja GroupThe Book Value of the shares of Hinduja Ventures Ltd is Rs.398 per share, at the end of the financial year, FY13. The Net Worth grew from Rs.734.39 crores in the previous year to Rs.818.84 crores in FY13. The investments clocked a steady growth from Rs.225.96 crores in FY12 to Rs.320.19 crores in financial year 2013. It has P/E of only 6.88 against the Industry P/E of 26.49. A reasonable P/E re-rating of 10, can take the scrip above Rs.370. 
Brief Introduction: HVL (Hinduja Ventures Ltd) was incorporated in the year 198 as Mitesh Mercantile & Financing Ltd. In the year 1994, the company commenced operations and in 1995, Hinduja Finance Ltd was amalgamated with the company and subsequently the name was changed to Hinduja Finance Corporation Ltd with effect from February 9, 1995. The Company had been renamed 'Hinduja Ventures Limited' effective from October 23, 2007. The new name reflects both the commitment of promoter group and the value and wealth creation proposition that the company offers by identifying and investing in growth opportunities.
HVL is a part of Hinduja Group based in Mumbai. The company operates in the business of media & entertainment, real estate and treasury operations. The real estate activities encompass property development. Currently the company has properties located in Bangalore and Hyderabad, which could be developed in the near future. The treasury segment consists of activities relating to deployment of surplus funds in trade/ investments in shares and securities, other than subsidiaries. 
In March 2007, In Network Entertainment and In2Cable India, both wholly owned subsidiaries of the company were merged into IndusIndMedia and Communications (IMCL), a 60% subsidiary of HVL. HVL is the holding company of one of India’s largest integrated media companies IMCL, which is one of the largest multi-system operators (MSO) in the country. HVL with 8.5 million subscribers across 28 major cities offers over 301 channels in the digital mode (it also offers about 90 channels in the analog mode, which are a part of the digital package). It has a backbone of over 10,000 kms of hybrid fibre optic network through which it also offers broadband services with national ISP license. Over and above Digital cable distribution, HVL is also into content creation, acquisition & aggregation for TV services. IMCL has successfully deployed over 400,000 set top boxes for converting analogue home to digital homes. The Company is fully geared up to meet the subsequent addressable digital cable roll out as per Government policy & regulations.
Marg Ltd hits another buyer freeze at Rs.11.60. The scrip has been hitting buyer freezes, since the time it was recommended. 
IVRCL Ltd today touched Rs.17.79, intra-day and is now trading at around Rs.15.78. The scrip is all set to touch Rs.25-27, in the coming days.
My recommended Ahmednagar Forgings Ltd today touched Rs.164.25. The scrip was recommended around Rs.125-126, a couple of weeks back. 
Orchid Chemicals Ltd, today moved to Rs.57.50, after the outlook of the company changed to positive. The scrip slowly moving towards Rs.71-72, in the coming days. 
A2Z Maintenance and Engineering Services Ltd today is also doing fine today. The scrip was brought by the ace investor, Rakesh Jhunjhunwala at around Rs.10. He still holds substantial stake in the company. Wait for few upper freezes in the coming days as the company has completed the restructuring process and is expected move up the value chain. 
Accumulate Vijay Shanthi Builders Ltd (Rs.11.50) on all declines. This scrip will give you good returns over a period of time and is one of the safest bets in the real estate space. Its Q4FY14, results are expected to be good according to my close sources. 
Post a Comment