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, July 01, 2014

 Birla Shloka Edutech Ltd: Updates
Birla Shloka Edutech Ltd, the Yash Birla Group of company is having around Rs.500 crore-plus order book in hand. Moreover, it is slated to get a project from Orissa soon. It already has orders from Maharashtra and Tamil Nadu Governments. The company is looking to reduce its debts on the books. In March, 2014, the company declared that it has received an order from School Education Department, Government of Tamil Nadu for implementation of information and communication technology scheme in 1820 Government High & Higher Secondary Schools in Tamil Nadu State with a total project value of Rs.359 crore. It is already doing a 5-year contract from the Maharashtra government.
The scrip has a book value of Rs.50.36 and its market cap is only Rs.10.07 crore. According to Money Life of February, 10, 2014, it bought a piece of land in Oshiwara (a Suburb of Mumbai near Andheri West) at Rs.16 crore.

Financials:
Net profit of Birla Shloka Edutech rose 27.08% to Rs.3.52 crore in the quarter ended March 2014 as against Rs.2.77 crore during the previous quarter ended March 2013. Sales declined 37.81% to Rs.33.19 crore in the quarter ended March 2014 as against Rs.53.37 crore during the previous quarter ended March 2013.

For the full year, net loss reported to Rs.3.28 crore in the year ended March 2014 as against net profit of Rs.5.05 crore during the previous year ended March 2013. Sales declined 71.54% to Rs.63.63 crore in the year ended March 2014 as against Rs.223.56 crore during the previous year ended March 2013.

Conclusion:
The scrip is currently trading at Rs.4.85 and is looking highly undervalued. The investors can buy the scrip for a target of Rs.7-8 in the next 4-5 months time frame. According to my close sources, the company is going do well in the subsequent quarters. However, it is not a momentum counter.

Note: This information was put on the Paid Blog, on last Sunday, i.e, on 29th June, 2014. The scrip hit the upper circuits yesterday (30th June, 2014) at Rs.5.09. Join the Paid Service or trade through my recommended brokerage house/s to stay ahead of others. Also, allow experts to trade on your behalf and cover all your losses. For details mail me at: suman2005s@rediffmail.com.
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