Query Trends : Modern Steels

Query : I haver 3026@ Modern Steels plz suggest? Citinet Solutions

Thebullishtrends : Modern Steels closed today at Rs.35. The main objective of the company is to manufacture steel ingots/billets, cold rolled products, oxygen gas etc. It has a mini steel plant at Mandi. Gobindgarh in Punjab. Modern Steels announced Bonus Shares at 3:2 in this financial year. It has posted Sales of Rs.67.34 Crore and Net profit of Rs.0.36 Crore, for the second quarter end the total share capital of the company is just Rs.4.79 crore.

Though the second quarter results are not upto the mark, and the stock is facing the problem of low liquidity as this is having low equity share capital, hence you are advised to wait till the 3rd quarter results come.