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.

Friday, May 27, 2016

McLeod Russel India Ltd: Buy
CMP: Rs.181.70
Target: Rs.205
Time: 60 days
The stock of Mcleod Russel India Ltd has not taken part in the current rally. Buy the share at the CMP of Rs.181.70, for a short term target of Rs.197. 

This Williamson Magor group-controlled company aims to scale up their packet tea business to become the third largest in India.

There were media reports last month that inclement weather is taking a toll on people across the country, especially the North-East where tea production might be impacted owing to difficult weather conditions. While Assam has witnessed heavy rains, Darjeeling has gone through a dry spell (though the company does not have much exposure here). Speaking to Bloomberg TV India, McLeod Russel CFO Kamal Baheti says while there could be some impact of April, FY17 looks brighter than last two years.

He said: "If you look at the full financial year, April produces 5 per cent of the overall production. So, the loss of crop in April may not really impact the annual production. But, it really depends on how the weather plays out. We hope that things will improve. It is normal in Assam to get rain continuously for 10-15 days. As I said, it’s too early to really make a call on this. But you know, if you really have to look at the structure of industry per se, it has been losing crop since last two years because of dry weather. This is the first time we’re getting enough rains in Assam. With a little bit increase in the overall temperature and rainfall, it may be a good year for production. And since the rate of production has been low in the last two years, we also expect the prices to be strong this year. Compared with the previous year, 2016-17 looks much better, both on the production as well as the price".

Earlier in an interview with CNBC TV18, on 22 March, 2016, Mr.Kamal Baheti, CFO said, "Considering supply shortages, good demand and firm closing prices during the last season (higher by Rs.20-25 per kg), tea prices are expected to be strong in the upcoming auction". 

He feels the tea prices are likely to increase by at least 15-20% in the new season from July to October.   

Baheti pointed out that a major chunk of the company’s profitability kicks in only during the third and fourth quarters as the new season begins.   Although overseas business of the company is also expected to perform better, the focus will be on the domestic market, he said.

Therefore, we can look for taking positions in the share of Mcleod Russel Ltd at the CMP of Rs.181.70, for target of Rs.193-197-205. The Company is coming up with Q4FY16 results, on 30 May, 2016. 
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