Positive trend continues as majority of companies report strong Q1 results

Jun 29 2024 09:00 AM IST
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The financial results for the Mar-2024 quarter have been announced, with 51.0% of companies reporting positive results. Large cap companies have shown the highest proportion of positive results at 57.0%, followed by mid cap at 52.0% and small cap at 47.0%. Tata Motors, Inox Wind, and Asian Energy have emerged as the top performers in their respective categories. Williamson Fin. has declared its results, with a mildly bullish trend and improved scores. Upcoming results from Vadilal Inds., G M Breweries, and HCL Technologies will be closely watched by investors and analysts.
The financial results for the current quarter have been declared, with a total of 3724 stocks announcing their performance for the Mar-2024 quarter. The trend over the last four quarters has shown a positive proportion, with 51.0% of companies reporting positive results for the Mar-2024 quarter, followed by 49.0% for Dec-2023, 50.0% for Sep-2023, and 48.0% for Jun-2023. In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 57.0%, followed by mid cap at 52.0% and small cap at 47.0%. Among the top results for each category, Tata Motors from the auto sector has emerged as the top performer for large cap companies, while Inox Wind from the renewable energy sector has shown the best results for mid cap companies. For small cap companies, Asian Energy from the oil exploration/refineries sector has reported the highest performance. In the last 24 hours, one company has declared its results, with Williamson Fin. emerging as the top performer. This finance/NBFC company has turned mildly bullish from sideways on 26 Jun 2024 at Rs 7.38 and has seen a flat financial performance for the Mar 2024 quarter. However, the company's score has improved from 0 to 5 in the last 3 months. The company's PAT(Q) has been reported at the highest at Rs 0.66 cr, while EPS(Q) has also shown the highest at Rs 0.79. Looking ahead, Vadilal Inds., G M Breweries, and HCL Technologies are set to announce their results on 02 Jul 24, 09 Jul 24, and 12 Jul 24 respectively. Investors and analysts will be keeping a close eye on these upcoming results to gauge the overall performance of the market.

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