Positive Trend Continues as 2044 Stocks Declare Q3 Results, Arih.Found.Hsg. Emerges as Top Performer
The third quarter of 2024 has seen a positive trend in financial results, with 48.0% of companies reporting positive results in September 2024. In terms of market capitalization, mid-cap companies had the highest proportion of positive results at 51.0%. Among the top performers, Inox Wind and Vintage Coffee emerged as the top performers in large and mid-cap segments, respectively. In the last 24 hours, 438 results have been declared, with Arih.Found.Hsg. being one of the top performers. The construction and real estate company saw a significant increase in net sales, PBT less OI, and PAT, with a high operating profit to interest ratio. Upcoming results from Apollo Tyres, Brigade Enterpr., and Vodafone Idea are expected to provide further insights into the current market trends.
The third quarter of 2024 has seen a total of 2044 stocks declaring their financial results. The trend over the last four quarters has been positive, with 48.0% of companies reporting positive results in September 2024, followed by 49.0% in June 2024, 51.0% in March 2024, and 50.0% in December 2023.In terms of market capitalization, the proportion of positive results was highest in the mid-cap segment at 51.0%, followed by large-cap at 50.0% and small-cap at 45.0%. Among the top results in each category, Inox Wind from the renewable energy sector emerged as the top performer in both large and mid-cap segments, while Vintage Coffee from the miscellaneous sector took the top spot in the small-cap category.
In the last 24 hours, 438 results have been declared, with Arih.Found.Hsg. being one of the top performers. The construction and real estate company saw a bullish trend in its stock price, with an outstanding financial performance in the September 2024 quarter. The company's score has improved from 33 to 36 in the last three months, indicating a positive growth trajectory.
Arih.Found.Hsg.'s financials for the September 2024 quarter have shown significant growth, with net sales increasing by 427.18%, PBT less OI growing by 888.96%, and PAT growing by 810.3%. The company's operating profit to interest ratio was the highest at 4.44 times, with net sales, PBDIT, PBT less OI, PAT, and EPS also being the highest among its peers.
Investors can look forward to the upcoming results of Apollo Tyres, Brigade Enterpr., and Vodafone Idea on November 13, 2024. These companies are expected to provide further insights into the current market trends and performance of their respective industries. Stay tuned for more updates on the financial results of the current quarter.
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