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, 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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