A veteran bull operator is optimistic about Camlin Fine Sciences (erstwhile known as Camlin Fine Chemicals). The company has reported a net profit of Rs. 7.34 crore on a turnover of Rs. 121.60 crore for the first half of the current fiscal against a net profit of Rs. 2.71 crore on a turnover of Rs. 67.29 crore for the corresponding period last year. For the entire 2010-11 the company had posted a net profit of Rs. 6.66 crore on a turnover of Rs. 161.63 crore. Thus the H1 profit has already exceeded that for the whole of the last year. Free reserves of Rs. 39 crore plus against the equity capital of Rs. 9.32 crore make it a bonus candidate also. The scrip is worth considering at every decline for medium to long-term rewards, says the bull.
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