The Jyothy Laboratories stock’s rise began some days after its June quarter results were declared. That quarter saw its sales rise by 8.9% in value, lower than the 10.2% volume growth it returned. That’s a good volume growth to have, at a time when overall growth is slowing. Its flagship Ujala fabric whitener’s sales rose by 10% with the Henko brands growing by 9.6%. Jyothy Laboratories’ shares are quite expensive, valued at 43 times estimated earnings, according to analyst estimates compiled by Reuters.

Source: Mint September 20, 2016 18:00 UTC