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, January 26, 2015

DO YOU KNOW?

The scrip made a 52-week high on 22 January, 2015. Or in other words the scrip more than doubled in a year (approximately) and gave decent returns to the Patient Investors.  

The company came out with satisfactory set of numbers for the Q3FY15: 
(i) Revenue for the quarter stood at Rs.434.3 Cr, an increase of 9% over corresponding quarter in FY14.
(ii) EBIDTA came at Rs.359.6 Cr in Q3FY15, an increase of 11% over corresponding quarter in FY14.
(ii) Commensurately, net profit for the quarter increased to Rs.98.3 Cr which is 5% higher than in the corresponding quarter of FY14.
(iv) Earning per share for Q3FY15 stands at Rs.2.30.

The long term investors can keep holding the stock of Essar Ports Ltd (Rs.109.10) with a SL of Rs.102. Alternatively they can accumulate the scrip on all declines, till Rs.104.
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