In this episode of Stock Watch, Nukta’s Shuja Qureshi and Shahbaz Ashraf analyze the September quarter results of Frieslandcampina Engro Pakistan Ltd (FCEPL), Adamjee Insurance Company Ltd (AICL), and Hi-Tech Lubricants Ltd (HTL).

FCEPL’s impressive 237% quarter-on-quarter earnings growth was driven by a 4.8% rise in sales, AICL’s 50% profit increase supported by a 19.6% boost in investment income, and HTL’s 10% earnings per share growth as gross margins improved to 10%.