The third quarter of 2024 has seen a total of 344 stocks declaring their financial results. Out of these, 56% have reported positive results, showing a positive trend over the last four quarters. In the previous quarter, 49% of the companies had reported positive results, while in the first two quarters of 2024, the proportion of positive results was 50%.

In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 60%, followed by mid cap companies at 58% and small cap companies at 49%. Among the top performers in the large cap category is Multi Comm. Exc., a finance/NBFC company. In the mid cap category, T R I L, a capital goods company, has shown outstanding financial performance. In the small cap category, Prime Securities, a finance/NBFC company, has emerged as the top performer.

Prime Securities, with a market cap of 1085.61, has seen a significant improvement in its financial performance in the third quarter of 2024. The company’s score has increased from 25 to 35 in the last three months, indicating a bullish trend. Its net sales have grown by 93.70%, PBT less OI has grown by 290.83%, and PAT has grown by 335.4%. The company’s operating cash flow and net sales have also reached their highest levels at Rs 13.15 crore and Rs 29.83 crore respectively. Additionally, its PBDIT, operating profit to net sales, and PBT less OI have also shown significant growth, reaching their highest levels at Rs 18.23 crore, 61.11%, and Rs 17.90 crore respectively. The company’s EPS has also reached its highest level at Rs 5.13.

Looking ahead, investors can expect to see the financial results of ACC, NTPC, and Coromandel Inter on 24th October 2024. These companies are expected to provide further insights into the current market trends and performance. With the positive results declared by Prime Securities and other top performers, the overall market sentiment is expected to remain optimistic.