A Delhi-based leading stock broker favours buying Bharat Gears. The company has reported a net profit of Rs. 4.43 crore on a turnover of Rs. 195.45 crore for the first half of the current fiscal against a net profit of Rs. 3.01 crore on a turnover of Rs. 150.05 crore for the corresponding period last year. Free reserves of Rs. 48 crore against the equity capital of Rs. 7.82 crore make it a bonus candidate also. The scrip is worth considering at every decline for medium- to long-term rewards, maintains the stock broker.
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