Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌



Monday, November 24, 2014

Jaiprakash Power Ventures Ltd: Accumulate on declines
CMP: Rs.13.85
Jaiprakash Power Venture Ltd might utilize around Rs.8000 Cr, from the sale proceeds of its assets, for retiring debts; the rest would probably be used for fulfilling the commitments towards the upcoming projects. Earlier, there were media reports that JSW Energy had agreed to acquire 100 percent stake in Himachal Baspa Power Company from Jaiprakash Power Ventures for a base enterprise value of approximately Rs.9,700 crore. The board of directors of JP Power Ventures has approved the transfer of the 300 MW Baspa II hydro electric project located at Himachal Pradesh, and the 1091 MW Karcham Wangtoo hydro electric project located at Himachal Pradesh into a separate company. 

Therefore, the worst seems to be over for the Jaiprakash Group and with the interest rate cut on the offing, the stocks are likely to give good returns in the short term. 

Meanwhile, HINDALCO Industries Ltd recommended some days back around Rs.157, reached its first short term target of Rs.163--intra-day it touched Rs.167.80 and is now trading at Rs.166.90. The traders are suggested to book profits in HINDALCO Industries Ltd. 

On the other hand today Marg Ltd (Rs.16.56) came out of the Upper Circuits Ltd at Rs.17.86 and is now trading near the Lower Circuits. The investors are suggested to get out of the scrip, after the company came out with dismal Q2FY15 results. Moreover, I am no longer taking interest in the scrip and is out of my research basket, as of now. If you want to  hold the scrip of Marg Ltd for the long term, then you should do that at your own risk.

ARSS Infrastructure Ltd (Rs.40.80) is consolidating around the current ranges of Rs.40.70-43 and is preparing for the next round of upmoves. The company has been coming up with good set of the numbers since the last few quarters. The investors should accumulate the counter in every decline. 

Today, Jindal Steel and Power Ltd is on fire as the scrip touched Rs.151.50, intra-day and is now trading at Rs.149.90, up 4.90%. Incidentally, most of the chartists, including Hitendra Vasudeo and a well known Gujarat based weekly gave a SELL call on the scrip on their recent weekly updates.....Huh!!

In another development, the scrip of SKM Egg Products Ltd which was being repeatedly recommended by a blog, hit another lower circuits today in the NSE at Rs.97.35. I have been very vocal about the scrip since it started hitting upper circuits, with very little fundamental backing. The share touched Rs.80, plus hitting UCs and then when the said gentlemen wrote something in the blog, it again started hitting UCs, till it crossed Rs.120. However, it has been hitting lower  circuits since around Rs.120, after my inputs in some forums regarding share price manipulation. I would therefore, suggest you to not to touch it, even with a stick as it is still a good SELL. Also, kindly don't invest in these kinds of operators driven counters--stay in the front-line stocks or at best in Nifty--500 scrips. The irony is that in this market, only the counters, like Ashok Leyland Ltd (Rs.53), Eicher Motors Ltd (Rs.14571.90), Rico Auto Ltd (Rs.41.60) etc which are being rigged by the TV (and Print Media)-Analysts are moving up without much fundamentals, while the good companies are remaining stagnant. Ashok Leyland Ltd (Bool value-Rs.15.69) has a P/E of 55.59 and is now trading at Rs.53-does it make any sense? In fact the whole of Auto and Breweries (P/E--52.90) sector is over-valued, but surprisingly still investors put their funds into it. If you do not understand what is the hidden meaning of P/E of a share, kindly speak with a Financial Expert--then you will probably understand what I am trying to say!! 
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