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, April 26, 2016

IRB Infrastructure Ltd: Buy
CMP: Rs.113.05

IRB Infrastructure Ltd is basically a BOT player and hence has high margin business.

Moreover, IRB's (blended) margins now stands at 52% according to some media reports. For IRB, the margins in the construction business are 35 per cent; BOT business earns over 80 per cent margins.

It has an order book of Rs.10,600 crore. IRB's current revenue visibility is for the next two to three years.

However, the Foreign brokerage Citi says that any fall in toll revenue growth will add to concerns on IRB's debt. Its debt-equity ratio now stands at 2.71 in FY16 as against 2.52 in FY15.

You can buy the scrip at Rs.213.05, for targets of Rs.217-219-221-224-236. SL- Rs.207.

Note: Today the scrip was recommended to the Paid Group members at Rs.213.05, after which it moved to Rs.215-plus; giving good Intra-day profits.

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