1. JK Cement: This cement manufacturing company reported a three-fold increase in net profit for the September quarter, with the management stating that operations have reverted to pre-COVID levels. In the month prior to its earnings reveal, the company’s stock has climbed 31% to reach a new lifetime high.
2. Finolex Industries: This pipes manufacturer’s stock price has increased by 14.1% in the past month and is now 4.1% off its 52-week high. Despite this price increase, with a current P/E of 23 against an average P/E of 25.7, it is still in the neutral zone.
3. Phoenix Mills: This realty company has seen a quarterly increase in its shareholding from Mutual Funds and FIIs. For the quarter ended September 2020, its mutual fund shareholding stood at 14.9%, up from 5.9% a year ago, and its FII holding stood at 33.9%, up from 26.3% a year ago. In that time its promoter holding has dropped from 59.2% to 45.6%.
4. Redington India: This IT-services company price has been moving up in anticipation of its Q2 earnings. Its price has shot up by 6.5% in the past two days, with its results expected on November 12.
5. Century Plywoods: This manufacturer and seller of plywood has seen an increase in delivery volume and price. Its average weekly delivery volume (58.4%) is above its monthly average delivery (38.6%) and 6-month average delivery (37.2%), and its price has surged by 47.2% in the past three months, and is 3.3% off the 52-week high.
