Positive Trend Continues: 1912 Stocks Declare Results in Q1 2024

May 25 2024 03:00 PM IST
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The first quarter of the financial year 2024 has seen a positive trend in stock performance, with 52% of companies reporting positive results. Large cap companies have performed the best, with Inox Wind, Texmaco Rail, and Asian Energy emerging as top performers in their respective categories. Cochin Shipyard has shown significant improvement in its financial performance, with a score of 35 in the March 2024 quarter. Investors can look forward to upcoming results from Gokaldas Exports, Scooters India, and Elgi Equipments for further insights into the current quarter's financial performance.
The first quarter of the financial year 2024 has seen a total of 1912 stocks declaring their results. The trend over the last four quarters has been positive, with 52% of companies reporting positive results in the March 2024 quarter. This is a slight increase from the previous quarter, where 50% of companies reported positive results. In terms of market cap, large cap companies have performed the best with 56% reporting positive results, followed by mid cap companies at 55% and small cap companies at 46%. In the large cap category, Inox Wind from the renewable energy sector has emerged as the top performer. In the mid cap category, Texmaco Rail from the railways sector has shown strong results. In the small cap category, Asian Energy from the oil exploration/refineries sector has reported the highest results. In the last 24 hours, 252 results have been declared, with Cochin Shipyard emerging as the top performer. This shipbuilding company has seen a significant improvement in its financial performance, with a score of 35 in the March 2024 quarter compared to 31 in the previous quarter. The company's net sales have grown by 114.31%, PBT less OI has grown by 442.88%, and PAT has grown by a whopping 7225.6%. The company's highest PAT, net sales, and EPS have all been recorded in the March 2024 quarter. Additionally, the company's debtors turnover ratio for the half year has also been the highest at 10.77 times. Investors can look forward to upcoming results from Gokaldas Exports, Scooters India, and Elgi Equipments on 26th and 27th May 2024 respectively. These results will provide further insights into the financial performance of these companies and their respective industries. Stay tuned for more updates on the current quarter's financial results.

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