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, August 02, 2016

Idea Cellular Ltd: Buy
CMP: Rs.103.50
Target: Rs.111
SL: Rs.99
One of the major drawbacks of the GST regime could be the direct spike in the service tax rate from 14% to 20-25%. 

Being a regressive taxation system that India follows, the burn of increased tax rates will directly be faced by the end consumers unless the credit is passed on to the next in the business chain. 

Now given the importance of communication services in our lives, they could easily qualify as "Necesary Services". Thus it is expected that the government of India will consider allotting telecom services under the lower rates category and in turn, charged a reduced GST rate reserved only for Necessity Goods.

Moreover, Deutsche Bank has given a buy on  July 4, 2016 on Idea Cellular, with a target price of Rs.137. The report says: Idea expects the data market to be driven by subscriber growth rather than ARPU (average revenue per user), similar to the trajectory of the voice market. There is space for Reliance Jio without affecting the revenue shares of the incumbents if sector growth remains at the current level of 8-9%. Idea expects significant availability of spectrum in the 1800Mhz band in the medium term and intends to buy spectrum largely on a ‘just-in-time’ basis.

Now I feel the rally will be more broad based, as the passage of the GST bill, is almost certain in this monsoon session. Or in other words, the rally in the large caps, will be accompanied by SHARP RALLIES in the SMALL and MID CAP space. 
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