A fund manager at an FII is highly optimistic on Modison Metals. The company has reported a net profit of Rs. 9.56 crore on a turnover of Rs. 80.58 crore for the first half of the current fiscal against a net profit of Rs. 6.79 crore on a turnover of Rs. 59.48 crore for the corresponding period last year. For the entire 2010-11 the company had posted a net profit of Rs. 15.84 crore on a turnover of Rs. 126.72 crore. Free reserves of Rs. 78 crore against the equity capital of Rs. 3.25 crore make the stock a bonus candidate, too.
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