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, February 02, 2015

There is no stopping of Rohit Ferro Tech Ltd. Today it, closed at Rs.8.98 up 6.27%, in the BSE; giving a bullish breakout on the daily candle stick chart pattern.  It is pertinent to mention here that the share has already given more than 15% return in the last two days. Moreover, the company earlier informed that, 7,12,05,000 (Seven Crores Twelve Lacs Five Thousand) Convertible Warrants of nominal value of Rs.10 each at a price of Rs.20 per Warrant (including a premium of Rs. 10 per Warrant) will be allotted to the promoters.  This gives some sort of datum for the shareholders, regarding its future price. Also, the company will be disposing of the Jajpur manufacturing unit located at Kalinganagar Industrial Complex, District: Jajpur, Orissa by the way of slump sale or otherwise, to further reduce the debt. The next targets for the scrip are Rs.9.60-10.4-11.20--12.30-14. Therefore, do not sell the shares in a hurry. Infact accumulate the share on intra-day declines. 
Reliance Capital Ltd today reached its 1st target of Rs.492, as it touched Rs.495, intra-day. The next target for the scrip is Rs.503, where some profit booking is expected. 
Today Jaiprakash Power Ventures Ltd (Rs.12.15) closed above a crucial resistance level. Hence, we could look for bullishness in the scrip in the coming days. Moreover, once Rs.12.60 is broken on the upside, we can look for targets of Rs.13.50-15.
The SAW Pipe manufacturer, Jindal Saw Ltd today closed at Rs.81.40 in the BSE, after touching Rs.83 in the morning trade. It is to be remembered that as the price of crude oil starts to move up in the international market, the company would also benefit, immensely. Meanwhile, Brent crude was up 1.3% at $53.65 a barrel, having reached $55, while US oil rose 1.7% to $48.52, as investors speculated that the falling cost of crude may have ended.
Firstsource Solutions Ltd (Rs.29.15), saw good delivery based buying today, as the percentage of Deliverable Quantity to Traded Quantity was 35.43% in the BSE. 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). The next target for the scrip is Rs.32, once it closes above Rs.29.70.
Nifty which today closed at 8797.40, should get support at around 8740-8605 ranges; though today both the FIIs and DIIs were net sellers, as Obama effect died down.
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