Scrip ID : MODISNME
Group / Index : S
Face value : 1.00
Scrip Code : 506261
Industry : Other Elect.Equip./ Prod.
RECOMMENDATION: BUY
(FOR BUY_TODAY/SELL_TOMORROW (BTST) OR SHORT-TERM INVESTING OR LONG-TERM INVESTING; NOT FOR DAY-TRADING)
| DATE | STOCK NAME | LTP | TARGET1 | TARGET 2 |
| 13-JULY-2010 | MODISON METALS LTD. | Rs. 32.90 | Rs. 35.00 | Rs. 36.50 |
TODAY'S PERFORMANCE
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PRICE MOVEMENT FOR THE LAST ONE YEAR
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INDEX COMPARISON
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PERFORMANCE CHART
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NEWS :Impressive performance
Modison Metals reported impressive performance for the quarter ended March 2010. For the quarter under review the Total Operating Income (Net Sales / Income from Operations + Other Operating Income) of Modison Metals stood at Rs 33.38 crore which was 121% higher when compared with corresponding period last year. The OPM (Operating Profit Margin) increased by 170 basis points to 24.8%. The subsequent Operating profit stood at Rs 8.29 crore indicating an increase of 138%. The ensuing Net profit for the period under review stood at Rs 4.79 crore indicating an increase of 170%.
Promoters Holding
The promoters holding decreased from 59.67% during from quarter ended 31st December 2009 to 52.46% during quarter ended 31st March 2010
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