Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌

Monday, February 23, 2015

Today, the key indices edged lower. The barometer index, the S&P BSE Sensex, fell below the psychological 29,000 mark as the two key benchmark indices -- the Sensex and the 50-unit CNX Nifty -- extended losses in late trade. The Sensex and the Nifty, both, hit 1-1/2-week closing low. The CNX Nifty fell 78.65 points or 0.89% to settle at 8,754.95, its lowest closing level since 12 February 2015. The index hit a low of 8,736.10 in intraday trade. The index hit a high of 8,869 in intraday trade. The market breadth indicating the overall health of the market was negative. On BSE, 1,697 shares fell and 1,192 shares rose. A total of 125 shares were unchanged. The BSE Mid-Cap index fell 90.76 points or 0.84% to settle at 10,745.42. The BSE Small-Cap index fell 36.76 points or 0.32% to settle at 11,389.48. The fall in these two indices was lower than the Sensex's decline in percentage term. Today (23-Feb-2015), while FIIs were net buyers of Indian equities worth Rs.601.91 Cr, the DIIs were net sellers of Rs.163.79 Cr.
Meanwhile, Reliance Industries, Cairn India and shares of Reliance ADA and Jubilant Group companies dropped after one official each from Cairn India, Reliance Industries, Reliance Power, Jubilant Energy and Essar group was arrested by Delhi police on Friday, 20 February 2015, as part of investigations of an alleged scam to steal documents from the oil ministry to sell to consultants and private companies. 
Resurgere Mines and Minerals Ltd (RMML) hit the upper circuits in the BSE at, Rs.1.88, intra-day to close Rs.1.85, up 17.83%. It hit the upper circuits in the NSE, up 19.35%. There are hopes that the government is likely to reduce EXPORT DUTY on Iron-ore fines (and Bauxite), which are generally not used for the domestic industry. If this happens then, the companies in this sector, like RMML would be greatly benefit as they could again resume their trading activities, which got virtually stalled due to faulty government policies. Mineral exporters have already urged the government of India to abolish export duty to compete with other suppliers in global markets and make way for further excavation at mine sites.
Jindal Saw Ltd today came down to Rs.78.95 intra-day before closing at Rs.79.75. However, HDFC Securities Ltd have already given a target of Rs.100 for the scrip in the next 10-15 days. 
Rohit Ferro Tech Ltd, which is selling one of its manufacturing unit by June, 2015, today touched Rs.9.58 intra-day before closing at Rs.9.07. Company has on February 19, 2015 informed that it has entered into a Business Transfer Agreement (BTA) with M/s Balasorc Alloys Limited for sales of its Jajpur manufacturing Unit located at Kalinganagar Industrial Complex, P,0. Duburi-755 026, Dist- Jajpur, Odisha as a going concern on slump sale basis. The consideration for the transfer of the Undertaking as provided for in the agreement between the Parties is Rs.1,025 Crores (Rupees One Thousand Twenty Five Crores) which shall be discharged by the Transferee simultaneously with the Transfer of the Undertaking on the Closing Date by way of assumption of the Liabilities to be assigned by the Lenders in terms of the Agreement. The scrip by hook or crook will reach Rs.12, hence accumulate the stock on all declines. Moreover, the scrap and iron ore prices have started to firm up in the international market which is an indication that the sponge iron prices are likely to head-northwards in the coming days. The book value of the shares of Rohit-Ferro Tech Ltd, is Rs.50.94.
Unitech Ltd slipped at the end of the day to close at Rs.17.70. It rose ot Rs.18.70 intra-day. The company came out with good set of numbers for the Q3FY15 and any push by  the government in the affordable housing space will help the company, shore up its topline. You should therefore use dips to accumulate the shares of this blue-chip real estate company. 
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