Panama Petrochem continued its good run after breaking out of a cup base pattern yesterday. The stock gained 4.6% today, advancing on above-average volume for the second straight session. The Company reported strong numbers in Q2 FY 2017, with revenues and EPS climbing higher by 51% and 54%, y/y, respectively.
Sterling Tools galloped to a new high in today’s session, as the stock rallied 20% on the back of massive buying interest. The Company had recently reported impressive Q2 numbers, as revenues increased 8% y/y, while net profit jumped 62%.
Apex Frozen Foods zoomed almost 19%, thanks to three back to back upper circuit sessions to end the week. The Company reported strong numbers in Q2 FY 2017.
Reliance Industries came to the party in today’s session. The stock scaled new highs before closing 4.6% higher. The Company had recently reported strong set of results in Q2 FY 2017. Reliance is now in touching distance of a market capitalisation of INR 6 lakh crore.
Johnson Controls – Hitachi Air saw huge buying interest, as the stock got locked in upper circuit. The stock also managed to break out of a 20-week long consolidation base, as it scaled new highs.
