The first quarter of the financial year 2024 has seen a total of 3641 stocks declaring their results. The trend over the last four quarters has been positive, with 51.0% of companies reporting positive results in the Mar-2024 quarter. This is a slight increase from the previous quarter, where 50.0% of companies reported positive results.

In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 58.0%, followed by mid cap companies at 51.0% and small cap companies at 47.0%. Among the top performers in the large cap category is Tata Motors from the auto sector, while Inox Wind from the renewable energy sector has shown strong results in the mid cap category. In the small cap category, Asian Energy from the oil exploration/refineries sector has emerged as the top performer.

However, the top overall performer in the current quarter is Asian Energy from the small cap category, followed by Inox Wind from the mid cap category and Ashima from the micro cap category in the textile sector.

In the last 24 hours, only one company has declared its results, with Deccan Healthcar reporting a size of 46.58. The company, which operates in the pharma industry, has turned bearish from mildly bearish in the current quarter. However, it has shown positive financial performance with a growth of 27.74% in net sales and a higher PAT of Rs 0.66 cr.

Investors can look forward to upcoming results from RCF on 06 Jun 24, K&R Rail Engine on 08 Jun 24, and Vadilal Inds. on 02 Jul 24. With the current quarter showing a positive trend, it will be interesting to see if these companies can continue the trend and deliver strong financial results.