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.

Wednesday, June 04, 2014

Market Mantra
Continuing with upward trend the Nifty set a new tone yesterday, when it for the first tiem closed above 7400 mark. This reinforces the belief that the market, is  now completely dominated by the bulls.
In fact the markets got a strong bounce back from the level of 7250. Nifty seems to have entered into a consolidation range between 7250 and 7500 which is evident by last 15 days move.  Now focus should shift to the small and mid cap counters, where more action is anticipated.
Resistance: 7500 / 7560
Support
:
7370 / 7330

Yesterday, a buy call was initiated in Dhunseri Petrochem & Tea Limited at Rs.127-128, the scrip today raced to Rs.135 intra-day. It is expected to cross Rs.200 in the coming days. A decent P/E rating of around 10 can take the scrip above Rs.200. There is a demand for the products of the company and FY15, is expected to be superb year for the company after general capacity expansion.
Western India Shipyard Ltd hit another buyer freeze at Rs.2.77. The scrip mentioned umpteen number of times earlier is expected to give multi-bagger returns going forward.
Buy Dr.Datsons Labs Limited at Rs.18--18.45 for Upper Circuits. This is our old Aanjaneya Lifecare Ltd, which I recommended a number of times earlier. According to media reports:
  • European pharma player Mires B.V has completed its valuation exercise as part of its interest to acquire majority stake in Mumbai-based drugmaker Dr Datsons Labs Ltd, the company announced in a stock exchange disclosure. 
  • Dr Datsons said Mires completed the valuation of the two plants of the company situated at Mahad and Pune. The total fair valuation of the company stood at Rs 350 crore of which valuation of its fixed assets stood at Rs 270 crore.
The company recently announced that its liability for unsecured loan has reduced in tune of US$ 36.50 Million by way conversion of Foreign Currency Convertible Bonds ("FCCB") into Equity shares of the company therefore, The Liability of the Company extinguish and Improve the debt equity ratio of the Company. However, this is a high risk-high-gain stock, but now after lot of selling the scrip should bounce back.
Jai Balaji Industries Ltd hit another buyer freeze at Rs.29.40. The scrip as mentioned earlier is moving towards Rs.31-32 in the coming days.
Yesterday, all were asked not to sell Marg Ltd (Rs.18/75) but some oversmart traders started to put sell calls as soon as I sent the message. Those guys must be on the streets now. The moral of the story is that: you should have faith on someone, who has been with you since more than a decade. And those who think themselves to be too clever, never makes any money from the markets. 
Glodyne Tech Ltd hit another buyer freeze at Rs.8.83. It is strange how the scrip is trading at such a low price. It is a huge company and it is expected to hit continuous upper circuits from  now.
Buy Capri Global Capital Limited (Formerly Money Matters Financial Services Ltd) at Rs.154 for a target over Rs.200. It is a cash rich company and is doing extremely well.
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