Some market observers in the south are optimistic about Sundaram-Clayton. The company has reported a net profit of Rs. 22.41 crore on a turnover of Rs. 472.37 crore for the first half of the current fiscal against a net profit of Rs. 11.81 crore on a turnover of Rs. 353.66 crore for the corresponding period last year. For the entire 2010-11, it had posted a net profit of Rs. 37.26 crore on a turnover of Rs. 764.87 crore. Thus H1 net profit heralds a sterling performance in the current year. Free reserves of Rs. 263 crore plus against the equity capital of Rs. 18.97 make it a bonus candidate also. The scrip is worth considering at every decline for medium to long term rewards, maintain these market.
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