Positive Growth in Financial Results: 247 Stocks Announce Performance for Jun-2024 Quarter

Jul 21 2024 09:00 AM IST
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The financial results for the Jun-2024 quarter have been announced, with 247 stocks reporting their performance. The trend over the last four quarters shows a positive growth, with 54.0% of companies reporting positive results in the current quarter. Large cap companies have shown the highest proportion of positive results, with Nippon Life Ind. and Shakti Pumps emerging as top performers in their respective categories. Yes Bank has also seen a significant improvement in its financial performance, with a bullish trend in its stock price. The bank has reported the highest interest earned, PAT, and EPS, along with the lowest gross NPA and net NPA. Upcoming results from Coforge, Suzlon Energy, and MRPL will contribute to the overall financial results for the quarter.
The financial results for the current quarter have been declared, with a total of 247 stocks announcing their performance for the Jun-2024 quarter. The trend over the last four quarters shows a positive growth, with 54.0% of companies reporting positive results in the current quarter, compared to 50.0% in the previous quarter. In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 56.0%, followed by small cap companies at 56.0% and mid cap companies at 49.0%. Among the top performers in each category, Nippon Life Ind. in the finance/NBFC sector has emerged as the top result for large cap companies, while Shakti Pumps in the compressors/pumps sector has shown the best performance among mid cap companies. In the small cap category, E2E Networks in the IT-hardware sector has reported the highest results. In the last 24 hours, 22 results have been declared, with Yes Bank being one of the top performers. The private bank has seen a significant improvement in its financial performance, with a score of 22 in the Jun-2024 quarter compared to 17 in the previous quarter. This has led to a bullish trend for the bank, with its stock price rising from Rs 25.69 to a more positive outlook. The financial highlights for Yes Bank in the Jun-2024 quarter include the highest interest earned at Rs 7,719.15 crore, a growth of 46.7% in PAT at Rs 502.43 crore, and the lowest gross NPA at 1.70%. The bank has also reported the highest NII at Rs 2,244.04 crore and PBDIT at Rs -313.70 crore. Its operating profit to net sales ratio is also the highest at -4.06%, while its PBT less OI is at Rs -525.47 crore. The bank has reported the highest PAT at Rs 502.43 crore and EPS at Rs 0.16. It also has the lowest net NPA at 0.50% and the highest cash and cash equivalents at Rs 18,139.24 crore. Investors can look forward to upcoming results from Coforge, Suzlon Energy, and MRPL on 22 Jul 24. With a positive trend in the current quarter, it will be interesting to see how these companies perform and contribute to the overall financial results for the quarter.

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