According to a report released by a broking firm, Suryajyoti Spinning Mills is a good midcap stock for backing.
Company MD Arun K Agarwal informed that its profits come equally from cotton and synthetic sectors. But returns from sale of cotton yarn will rise and synthetic yarn will drop owing to elevation in cotton spindlage.
He added that imbalance in products of both types will not make much difference to Suryajyoti due to this.
Company expects turnover of nearly Rs180-Rs190 crores by next year.
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