The first quarter of the financial year 2024 has seen a total of 477 companies declaring their results. Out of these, 58% have reported positive results, showing a positive trend over the last four quarters. The proportion of positive results for the previous three quarters were 49%, 50%, and 48% respectively.

In terms of market capitalization, the mid-cap companies have shown the highest proportion of positive results at 63%, followed by large-cap companies at 56% and small-cap companies at 55%. Among the top performers in each category, Motilal Oswal Financial Services from the finance/NBFC sector has shown the best results in the large-cap category. In the mid-cap category, Inox Wind from the renewable energy sector has emerged as the top performer. For small-cap companies, Asian Energy from the oil exploration/refineries sector has shown the best results.

In the last 24 hours, 46 companies have declared their results, with Selan Exploration Technologies being the top performer. This oil exploration/refineries company has seen a significant improvement in its financial performance, with a score of 29 out of 30, compared to 4 in the previous quarter. The company's net sales have grown by 105.64%, PBT less OI has grown by 364.15%, and PAT has grown by 129% in the Mar-2024 quarter. Selan Exploration Technologies has also recorded the highest net sales and operating profit to net sales ratio in this quarter.

Looking ahead, Larsen & Toubro, Hero MotoCorp, and TVS Motor Co. are set to declare their results on 08 May 2024. Investors and analysts are eagerly waiting to see the financial performance of these companies in the current quarter. With the positive trend seen in the previous quarters, it is expected that these companies will also report strong results. Stay tuned for the upcoming results and their impact on the market.