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.....👍✌

Friday, June 03, 2016

Important Updates
1. The investors can take FRESH POSITIONS in Reliance
Communications Ltd after a foreign institutional investors (FII) bought nearly 1% stake in Anil Ambani Group telecom company for about Rs.87 crore through open market. 

On Tuesday, May 31, 2016, Integrated Core Strategies (Asia) Pte had purchased 18.48 million equity shares representing 0.74% of total equity of Reliance Communications at Rs.46.96 per share via bulk deal,  as per NSE data. Target: Rs.57, SL: Rs.47.50.

Moreover, Reliance Communications reportedly said it expects to cut down debt by 75% through merger of MTS, Aircel and sales of mobile towers.

"Integration of MTS business with RCom is on track. We expect to complete the integration in August. We expect to make announcement with respect to Aircel merger anytime in June. Once we complete the Aircel transaction, we will go for the tower deal," RCom CEO for consumer business Gurdeep Singh said during a conference call on Tuesday.

"With completion of these deals, we expect RCom's debt to reduce by 75 per cent."

2. The Investors should accumulate the shares of Unitech Ltd near the support level of Rs.3.90, for a short term target of over Rs.10 and medium target of Rs.25. It is an A-group counter and should give decent returns to the patient investors, going forward. 

3. One should keep holding the shares of Punjab National Bank Ltd (Rs.77.30) and Allahabad Bank Ltd (Rs.51.20), till at least 6 June, 2016, when the FM will be meeting the Bank Heads. 

4. The share of Idea Cellular Ltd can fall upto Rs.101-100, where you can take fresh positions for a  short term target of Rs.110. 

5. Foreign Portfolio Investors (FPIs) bought shares worth a net Rs.521.85 crore yesterday, 2 June 2016, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs.576.86 crore yesterday, 2 June 2016, as per provisional data.

6. Indian Meteorological Department (IMD) retained its previous forecast of good rains for the 2016 southwest monsoon season (June to September). 

Higher rural income may boost demand for consumer goods. FMCG firms derive substantial revenue from rural India. Good rains may also boost demand for tractors, fertilizers and other agri inputs. 

In its second stage forecast issued after trading hours yesterday, 2 June 2016, the IMD said that rainfall over the country as a whole for the 2016 southwest monsoon season is most likely to be above normal. 

Quantitatively, monsoon season rainfall for the country as a whole is likely to be 106% of the long period average (LPA) with a model error of plus/minus 4%. In its first stage forecast issued on 12 April 2016, the IMD had forecast rainfall to be 106% of the LPA with a model error of plus/minus 5%.
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