Positive Trend Continues as 1951 Stocks Declare Q1 Results in 2024

May 26 2024 06:00 PM IST
share
Share Via
The first quarter of the financial year 2024 has seen positive results from 52.0% of companies, with large cap companies leading the way at 57.0%. Inox Wind, Texmaco Rail, and Asian Energy have emerged as top performers in their respective categories. Andhra Petrochem has shown significant improvement in its financials, with a score of 31 in the Mar-2024 quarter. The company's PBT LESS OI(Q) has grown by 1866.3%, PAT(Q) by 589.4%, and NET SALES(Q) by 65.6%. Upcoming results from NMDC, Elgi Equipments, and National Aluminium on 27 May 2024 are expected to provide further insights into the current financial landscape. Stay tuned for more updates on the current quarter's financial results.
The first quarter of the financial year 2024 has seen a total of 1951 stocks declaring their results. The trend over the last four quarters has been positive, with 52.0% of companies reporting positive results in the Mar-2024 quarter, followed by 50.0% in Dec-2023 and Sep-2023, and 48.0% in Jun-2023. In terms of market cap, large cap companies have shown the highest proportion of positive results at 57.0%, followed by mid cap at 55.0%, and small cap at 46.0%. Among the top results 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 impressive financial performance. In the last 24 hours, 33 results have been declared, with Andhra Petrochem being the top performer. The company has seen a significant improvement in its financials, with a score of 31 in the Mar-2024 quarter compared to 10 in the previous quarter. The company's PBT LESS OI(Q) has grown by 1866.3%, PAT(Q) by 589.4%, and NET SALES(Q) by 65.6%. Andhra Petrochem also has the highest operating profit to interest ratio and net sales among all the companies that have declared their results in the last 24 hours. Investors can look forward to the upcoming results of NMDC, Elgi Equipments, and National Aluminium on 27 May 2024. These companies are expected to provide further insights into the current financial landscape. Stay tuned for more updates on the financial results of the current quarter.

Mojo Stocks - The Top 1% Picks across Markets

Top 10 Large Cap Mid Cap Small Cap
{{col.header}}
Latest
OPEN CALL
CLOSED CALL
{{s[col.key]}} {{s.change_value}}
{{ s.score.value }} - {{ s.score.call_type }}
{{ s.dot_summary.score }} - {{ s.dot_summary.scoreText }}
{{s[col.key]}} {{col.extra}}

Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News