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.

Friday, January 23, 2015

Jindal Saw Ltd: Result Update
Jindal Saw  Ltd came out with good set of numbers for the quarter ended December 2014. The profit before tax in Q3FY15 came as Rs.101.3 Cr as against Rs.60 Cr  in Q3FY14. During the quarter, the net profit of the company rose 23.74% to Rs 619.20 million from Rs 500.40 million in the same quarter last year.

Net sales for the quarter  rose marginally 3.97% to Rs.17,774.30 million, compared with Rs.17,096 million for the prior year period.

Earnings per share for the quarter stood at Rs.2.21, registering 22.10% growth over previous year period.

It is pertinent to mention here that, Jindal Saw reported 239% rise in net profit for the July-September quarter, 2014-15, at Rs.74.60 crore on higher sales.

Net turnover of Jindal Saw in Q2, 2014-15 rose to Rs.1,589.50 crore from Rs.1,233.70 crore a year earlier.

As of 30th September, 2014, the company has orders worth around $1 billion and 65% of which is for large diameter pipes. The orders for large diameter pipes are slated to be executed by June 2015 and in case of ductile iron pipes, the same are slated to be executed over next 12-18 months or more.

The company which produces pipes used in different industries had clocked Rs.22 crore net profit in Q2FY14.

A buy call was given to the Premium Group members yesterday at Rs.84-84.40. The investors can still accumulate the scrip at the CMP of Rs.84.70--84.80, for a short term target of Rs.92. 

It is to b e  noted that, Jindal Saw Ltd was earlier (October, 20, 2014) recommended a buy at Rs.75.95, after which it made all time high of Rs.115.80.
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