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.

Tuesday, February 03, 2015

Market Mantra
Today is perhaps a day of the small cap counters, as many of them are either seen moving up or has hit the upper circuits. The large cap driven Nifty is down today by more than 60 points and is now trading at 8734.45. Yesterday, we saw both the FIIs and DIIs were net sellers and hence, the nervous investors are probably offloading the shares of the large caps and entering the small and mid cap counters. Keeping this in mind, the Premium Members were suggested to buy C Mahendra Exports Ltd at Rs.14.20 (BSE Code: 533304), the scrip has already hit the buyer freeze. 
Today Rohit Ferro Tch Ltd touched Rs.9.15, intra-day and is now trading around Rs.8.70. It is natural for the scrip to go for some profit booking after a continuous rally of some days. The investors should accumulate the scrip on declines and keep holding.
Even when the large caps are going for a correction, one stock which is still somewhat holding its territory, is Jindal Saw Ltd. The scrip is marginally down and is now trading at Rs.81. The company came up with satisfactory set of numbers for the Q3FY15 and should touch Rs.92, once the market stabilizes. The investors should stay put in this O P Jidal Group company. 
Reliance Capital Ltd which touched Rs.495.90 today in the NSE has come down to Rs.480, after profit booking started. Yesterday, it was mentioned in this blog, that the scrip has touched its short term target of Rs.492.
Firstsource Solutions Ltd (Rs.29.20) in which the ace investor, Rakesh Jhunjhunwala holds stake, is struggling to cross the resistance zone of Rs.29.5--29.70. However, it is interesting to note that in August, 2014, the brokerage firm, ICICI Direct valued the stock at Rs.50. Even Prakash Diwan of Altamount Capital, in a interview with ET Now on 27 January, 2015, said he is positive on Firstsource Solutions Ltd. The company recently announced that a meeting of the Board of Directors of Firstsource Solutions Ltd will be held on February 09, 2015, to consider, the audited standalone and consolidated financial results for the quarter ended December 31, 2014 (Q3).
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