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Motherson Sumi Systems: This auto component manufacturer is getting some love from the market, gaining more than 14% in the last month ahead of results and trading close to its 52 week high. The stock is technically bullish, with a strong momentum score and a fresh buy call from Edelweiss, whose analysts suggest upcoming gains from recent cost control initiatives, and strong recovery expected in global light vehicle demand led by markets in North America and Europe.
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Lux Industries: This apparel company (well-known for its ads featuring Varun Dhawan wandering around town in his underwear), has hit a lifetime high today on strong March quarter results. Revenue and net profit jumped 106.8% and 202.8% YoY respectively, with strong growth in mid-premium segments and a rise in the export and premium markets.
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Allied Digital Services: This smallcap software infrastructure company has been rising sharply ahead of its results due on 31st May, and hit a new high today. The company's dramatic rise over the past year has made it a multibagger, as it gained over 475%.
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Symphony Limited: This air cooler company has brokerage analysts enthusiastic on its prospects. but its technicals have been midrange relative to the market. The company's performance in the March quarter was strong - at the consolidated level, it witnessed its highest ever quarterly sales and highest ever profit after tax. Recent lockdowns however in summer, starting end of April, has impacted sales numbers although the management says that the June 2021 quarter "will not be a washout like June 2020".
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Supreme Petrochem: This midsize petrochem company has caught fire in recent weeks, beating the Nifty50 by over 12% in the past month after its impressive net profit growth in the March quarter and fresh capex plans of Rs. 250 crore caught investor attention. CFO Rakesh Nayyar recently noted that the rise in demand from appliance OEM segments globally has aided the company's strong margin growth.