Another unloved stock at the present time is Electrocomponents (LSE: ECM). It reported an upbeat performance in its trading update released on Tuesday. The service distributor recorded a rise in revenue growth of 13% in the first half of the year. All five of its regions continued to see double-digit underlying revenue growth. Furthermore, the company is also making good progress with its initiatives to stabilise gross margin and it now expects to see an improvement in gross margin in the first half of the year.