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 25, 2016

Vedanta Ltd: Buy
CMP: Rs.64.4
Vedanta Ltd's June bid for the rest of Cairn India Ltd could look more rosy as the crude price moves northwards. The commodity price stability means the offer of one Vedanta Ltd share, plus preferred stock, for every Cairn share could gradually approach Cairn’s market price.

Mr.Agarwal has already taken several measure to cut costs and is in talks with banks, to restructure its debts. Anil Agarwal might even take the route of funneling cash up, through dividends or through intercompany loans as it has done in the past; as his back get pushed towards the wall, more and more. 

Moreover, in a recent interview to a financial portal, Anil Agarwal, Chairman of Vedanta Group said that although commodity prices are currently under pressure and impacting the company’s business, they will be out of this situation soon, adding that Vedanta is at a comfortable position on Zinc and crude oil prices are also close to bottoming out.

Vedanta Resources owns around 63% of Vedanta Ltd which, in turn, owns almost 65% and 60% of cash cows Hindustan Zinc and Cairn India.Vedanta Resources is a holding company and relies on cash flows from its various operational subsidiaries to service its obligations.

Global markets slumped at the start of the year on fears that a slowdown in China would spread to the rest of the world economy, while oil prices sank to 13-year lows.

Market turbulence sets the backdrop for a meeting of the U.S. Federal Reserve on Tuesday and Wednesday, while Bank of Japan policymakers gather on Jan. 28-29.

Last week, the European Central Bank signaled it could deliver further monetary stimulus, raising hopes that other central banks might take the same path.

The market rout meanwhile could throw the Fed off its course of gradual interest rate hikes.

"Attention will now turn to the U.S. Federal Reserve and the Bank of Japan's latest policy decisions later this week, with the main focus on the U.S. central bank in the wake of last month's historic decision to raise rates for the first time in nine years," said Michael Hewson, chief market analyst at CMC Markets.

Therefore, buy the shares of Vedanta Ltd at the  CMP of Rs.64.4 for short term targets of Rs.95-96. There is no need of putting any Stop Loss, as the stock is already avaialble at a dirt cheap rate.
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