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

Pratit Patel Recommends a Pig Iron and a Steel Counter
Sathavahana Ispat Ltd
BSE Code: 526093
CMP: Rs.43.6
SIL is primarily engaged in the manufacture and sale of (i) Pig Iron with a rated capacity of 210,000 tpa; (ii) Metallurgical Coke with a rated capacity of 450,000 tpa and (iii) co-generation cum thermal power of 50 MW. 

As a backward integration, SIL has set up a 2,98,800 tonns per annum sister plant and 30Mw captive thermal power plant and as a forward integration has setup a 210000 tonns per annum. Ductile Iron making plant and 25000 tonns per annum DI pipe fittings plant. 

Pig iron is used as a raw material in engineering, construction, and foundry industries; and metallurgical coke is used as a raw material in iron making. 

The company is also involved in the co-generation of power. Sathavahana Ispat Limited also exports its products. The company was incorporated in 1989 and is headquartered in Hyderabad, India.

It has an equity base of Rs.50.9 crore that is supported by reserves of Rs.127.75 crore. It has a share book value of Rs.35.1. SIL has report decent growth for H1FY2015. It has recorded net sales of Rs.501.02 crore & net profit zoomed to Rs.16.18 crore in first half of FY15. H1FY15 EPS is Rs.3.18. SIL can report EPS of Rs.7.26 for FY15 and scrip is trading at PE ratio of just 5.7. 

At the current level, the stock is looking extremely hot for investors. One can buy this stock keeping stop loss of Rs.33. On the upper side stock will zoom up to 55 levels shortly while it will zoomed to Rs.72--75levels in 12--15 months. Its all-time high rate is Rs.110.
Rishab Digha Steel and Allied Products Ltd
BSE Code: 531539
CMP: Rs.21.5
Something is cooking in this stock. One can buy this stock at Rs.19. On the upper side stock will zoom up to Rs.27 levels in short span of time & if stock cross its 52 weeks high Rs.27, it can go up to Rs.32--35 levels…

(i) Pig Iron is semi-finished metal, produced from iron ore in blast furnace, containing 92%, high amounts of carbon (typically up to 3.5 %), and balance largely manganese and silicone plus small amounts of phosphorus, sulfur, and other impurities. Pig iron is further refined in a furnace for conversion into STEEL It gets its name from the shape of trough (resembling a pig) in which it used to be cast in the 19th century [http://www.businessdictionary.com]

(ii) Rishab Digha Steel and Allied Products Ltd is mainly engaged in the job work of Decoiling, Straightening, Cutting, Shearing of Hr. CR and MS Coils / Sheets. It has no precise licensed capacities and installed capacities as such. 

In other words, the sales mainly consist of job work income. The income from Job work mainly includes recoveries for Decoiling, straightening, Cutting, shearing and warehousing and other small recoveries on account of loading and unloading, transportation charges.

The Company writes in its FY14 annual report: "Your Company has a vital role to play in the developing Economy, as the job orders of de-coiling, straightening, shearing and cutting of varies sizes of Iron and Steel Coils are decreasing". 
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