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, June 16, 2014

Richa Industries Ltd: Brokerage Report
CMP: Rs.22.30

Shareholding Pattern: The promoters hold 57.38% while the general public holds 42.38% of the shares of the company. The promoters hold controlling stake in the company. In the general category, the corporate bodies hold 4.09% of the shares of the company.

Financials: For FY14, it came out with a net income of Rs.277.54 Cr as against Rs.271.43 Cr in the same period previous year. However the net profit dipped to Rs.9.41 Cr in FY14, as against Rs.13.3 Cr in the same period previous year. The EPS of the company for FY14 came out to be Rs.4 as against Rs.7.89 in the same period previous year. Both the net and operating profit margins remained flat on Y-o-Y basis in FY14. 

For Q4FY14, the total income of the company came out to be Rs.75.70 Cr as against Rs.63.05 Cr in the same period previous year. The net profit of the company came out to be Rs.2.13 Cr as against Rs.11.73 Cr in the same period previous year. The EPS of the company dipped to Rs.96 as against Rs.6.93 in the same period previous year. The net and operating profit margins also dipped due to difficult business environment. However, this is expected to change as new government took to powers in New Delhi. 
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