1553 Stocks Declare Results in Q3 2024, Positive Trend Continues

Nov 09 2024 09:00 PM IST
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In the third quarter of the financial year 2024, 1553 stocks have declared their results, with a positive trend seen over the last four quarters. Large cap companies have shown the highest proportion of positive results at 51.0%, followed by mid cap companies at 49.0% and small cap companies at 45.0%. Inox Wind and Vintage Coffee have emerged as the top performers in their respective categories. In the last 24 hours, GE Vernova T&D has shown significant improvement in its financial performance, with a score of 40 compared to 37 in the previous quarter. The company's net sales, PBDIT(Q), and PBT LESS OI(Q) have all seen a significant increase. Highly anticipated results from The Ramco Cement, ONGC, and Jubilant Food are expected to continue the positive trend seen in the last four quarters.
The third quarter of the financial year 2024 has seen a total of 1553 stocks declaring their results. The trend over the last four quarters has been positive, with 48.0% of companies reporting positive results in September 2024, followed by 49.0% in June 2024, 51.0% in March 2024, and 50.0% in December 2023. In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 51.0%, followed by mid cap companies at 49.0% and small cap companies at 45.0%. Among the top performers in each category, Inox Wind from the renewable energy sector has emerged as the top result for both large and mid cap companies, while Vintage Coffee from the miscellaneous sector has shown the best results among small cap companies. In the last 24 hours, a total of 171 results have been declared, with GE Vernova T&D being one of the top performers. This capital goods company has seen a significant improvement in its financial performance in the September 2024 quarter, with a score of 40 compared to 37 in the previous quarter. The company's PBT LESS OI(Q) has grown by 361.30%, while its PAT(Q) has shown a growth of 289.1%. The company's net sales have also seen a significant increase, reaching Rs 1,107.77 crore, which is the highest among all the parameters. Additionally, GE Vernova T&D has also shown the highest PBDIT(Q) and PBT LESS OI(Q) at Rs 204.67 crore and Rs 189.87 crore respectively. Its inventory turnover ratio and EPS(Q) have also been the highest among all the companies, at 6.24 times and Rs 5.65 respectively. Looking ahead, there are some highly anticipated results to be declared on November 11, 2024. These include The Ramco Cement, ONGC, and Jubilant Food. Investors and analysts will be closely watching these results to gauge the performance of these companies in the current quarter. With the positive trend seen in the last four quarters, it is expected that these companies will continue to show strong financial results.

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