Have you noticed the momentum in these high RoE Rubber Stocks?

Rubber prices have seen a jump in past one year by more than 66 per cent, however the rubber prices have been decling in recent months. 

The rubber stocks listed on bourses are quietly making their moves while going unnoticed as the clamour grows loud amongst investors for PSU Banks, Steel sector stocks, ADAG group stocks, Penny stocks and Small cap stocks.

Harrison Malayalam, Apcotex India and Elgi Rubber Company are the three rubber companies, all outperforming on bourses in 2021, by gaining 84.75, 89.42 and 64.75 per cent respectively.

Technically speaking Harrison Malayalam is showing the best price momentum amongst the three in near term as the stock is trading above its 20 DMA of Rs 201 per share. Harrison Malayalam Company has delivered good profit growth of 23.09% CAGR over last 5 years and reflects a high RoE of 41 per cent. Harrison Malayalam has given positive returns in each month of 2021; reflecting the strength in positive momentum.Harrisons Malayalam (HML) is a major plantation player in Southern parts of India.

Apcotex has delivered good profit growth of 17 per cent CAGR over last 5 years and reflects a  RoE of nearly 16 per cent. Apcotex reflects a dividend yield of nearly 1.13 per cent at current prices. Apcotex Industries is engaged in the Business of Manufacture of synthetic rubber and Manufacture of other products or preparations of kind used in the textile, paper, leather and like industries. Apcotex, in 2021 has given positive returns in four out of six months.

Elgi rubber has declared operating losses recently.

Rubber prices have seen a jump in past one year by more than 66 per cent, however the rubber prices have been decling in recent months. 

On Tuesday, Harrison Malayalam is up by 2.06 per cent while Apcotex is up by 0.5 per cent and Elgi Rubber has strengthened by 0.41 per cent.