The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a disappointing start to the week. In afternoon trade the index is down almost 0.7% to 5,705 points.
Four shares which have gone against the grain and climbed higher today are listed below. Here's why they have started the week with a bang:
The Adairs Ltd (ASX: ADH) share price is up 5% to $1.42 despite the retailer posting a 20% decline in net profit to $21 million. Investors appear to be pleased with management's positive outlook for the year ahead after a turbulent 12 months. The company expects positive like-for-like sales growth in FY 2018.
The National Veterinary Care Ltd (ASX: NVL) share price has climbed 4% to $2.46 after the veterinary company reported a 52.8% increase in underlying net profit after tax to $5.9 million. While the majority of growth was generated through acquisitions, this was complemented by organic revenue growth of 4.2% from its general practices. Even after today's gain I think National Veterinary Care is a buy.
The RCG Corporation Ltd (ASX: RCG) share price has jumped 7% to 84.5 cents after the company's management provided a positive outlook for FY 2018. Although its FY 2017 result wasn't the strongest, management's confidence that it will return to sales and profit growth this year appears to have got investors excited.
The Reliance Worldwide Corporation Aus P Ltd (ASX: RWC) share price has rocketed 10% to $3.70 after releasing its full-year results. The water flow and control products provider delivered net profit after tax growth of 25.9% to $65.6 million. This was 4.8% higher than its prospectus forecast. Whilst I think the company is a high quality one, its shares are a little on the expensive side after today's gain.
