Positive Trend in Market as 60% of Stocks Report Positive Results in Q3 2024

Oct 21 2024 03:00 PM IST
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The third quarter of the financial year 2024 has seen a positive trend in the market, with 60% of the 192 stocks declaring their results reporting positive results. Large cap companies have shown the highest proportion of positive results at 60%, followed by mid cap companies at 66% and small cap companies at 55%. Multi Comm. Exc., T R I L, and Lotus Chocolate have emerged as the top performers in their respective categories. In the last 24 hours, Mah. Scooters has shown significant improvement in its financial performance, with a score of 7 out of 10. Investors can look forward to the results of Persistent Sys, Kajaria Ceramics, and Indus Towers for further insights into the market.
The third quarter of the financial year 2024 has seen a total of 192 stocks declaring their results. Out of these, 60% have reported positive results, showing a positive trend in the market. This is a significant increase from the previous quarter, where only 49% of the stocks had positive results. Looking at the market cap wise distribution, it is observed that large cap companies have reported the highest proportion of positive results at 60%, followed by mid cap companies at 66% and small cap companies at 55%. In terms of individual companies, Multi Comm. Exc. from the finance/NBFC sector has emerged as the top performer in the large cap category. T R I L from the capital goods sector has shown exceptional results in the mid cap category, while Lotus Chocolate from the FMCG sector has topped the small cap category. Overall, the top three performers in the current quarter are T R I L from the mid cap category, Multi Comm. Exc. from the large cap category, and PC Jeweller from the jewellery sector. In the last 24 hours, four companies have declared their results, with Mah. Scooters being the top performer. This finance/NBFC company has shown a significant improvement in its financial performance, with a score of 7 out of 10, compared to 2 in the last quarter. The company's net sales have grown by 189.8%, PBT less OI has grown by 217.6%, and PAT has grown by 173.4%. Looking ahead, investors can expect to see the results of Persistent Sys, Kajaria Ceramics, and Indus Towers on 22 Oct 24. These companies are expected to provide further insights into the current market trends and performance.

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