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.

Tuesday, June 17, 2014

Allied Digital Services Ltd: The Chart Looks Bullish
CMP: Rs.20.40
The shares of Allied Digital Services Ltd,  which made a  new high this month, are looking explosive on the daily charts. The company recorded a profit at the net level of Rs.9.2 Cr in FY14, as compared to the net loss of Rs.5.1 Cr in the corresponding quarter previous year. 
The Basic EPS stood at Rs.2, an increase of 281.8% over the same period previous year. The EBIDTA margins have also improved by 420 bps and the company has returned to black after a long phase. 

The market cap of the company is only Rs.94.22 Cr against the FY14 turnover of Rs.181.88 Cr. Moreover, the P/E of the shares of the company is only 7.36, while the industry P/E is 28.89. A decent P/E re-rating of around 20, can take the scrip to around Rs.41-42, after giving suitable discounts. The book value of the shares of the company is Rs.146.62, while the price to book is only 0.14. 

The company earlier bagged a massive order of Rs.224 Cr in Pune City. The company's overseas branches have started to perform. It seems the stock will slowly move towards Rs.31-32-37-41-42 in the coming days. Investors are suggested to accumulate the scrip in every decline. 
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