Positive Trend in Q2 Financial Results: TCS, Anand Rathi, and Wealth First Por Lead the Way

Jul 12 2024 12:00 PM IST
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The Jun-2024 quarter financial results have been announced, with 31 stocks reporting their performance. The trend over the last four quarters has been positive, with 40.0% in Jun-2024, 50.0% in Mar-2024, 49.0% in Dec-2023, and 50.0% in Sep-2023. Large cap companies showed the most positive results, with TCS and Anand Rathi Wealth Management standing out. In the micro cap category, PMC Fincorp and Wealth First Por showed the best performance. Wealth First Por saw a bullish trend and outstanding financial results, with upcoming results from Avenue Super, Geojit Financial Services, and Bhansali Engineering expected to follow suit.
The current quarter financial results have been declared, with a total of 31 stocks announcing their performance for the Jun-2024 quarter. The trend over the last four quarters shows a positive proportion of results, with 40.0% in Jun-2024, 50.0% in Mar-2024, 49.0% in Dec-2023, and 50.0% in Sep-2023.

In terms of market capitalization, the positive results were seen in 50.0% of large cap companies, 50.0% of mid cap companies, and 37.0% of small cap companies. Among the top performers in the large cap category was TCS, a leading IT software company. In the mid cap category, Anand Rathi Wealth Management stood out with its strong financial performance in the finance/NBFC sector. For small cap companies, SG Finserve in the finance/NBFC sector showed promising results.

However, the top results overall were seen in the micro cap category, with two companies standing out - PMC Fincorp and Wealth First Por, both in the finance/NBFC sector. In the last 24 hours, 11 results have been declared, with Wealth First Por being the top performer.

Wealth First Por, with a size of 958.95, has shown a bullish trend from mildly bullish on 09 Jul 2024 at Rs. The company has seen an outstanding financial performance in the Jun 2024 quarter, with a score improvement from 27 to 32 in the last 3 months. The company's net sales have grown by 84.70%, PBT less OI by 109.87%, and PAT by 65.8%. The highest figures for the quarter were seen in net sales at Rs. 20.65 cr, PBDIT at Rs. 17.95 cr, operating profit to net sales at 86.92%, PBT less OI at Rs. 17.86 cr, PAT at Rs. 14.01 cr, and EPS at Rs. 13.14.

Upcoming results to look out for include Avenue Super, Geojit Financial Services, and Bhansali Engineering on 13 Jul 24. With the positive trend in the current quarter's financial results, investors can expect a promising outlook for these companies.

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