Q3 Financial Results: Mixed Bag for Companies
The current quarter financial results have been a mixed bag for companies, with 3663 companies declaring their results so far in Sep'23. Among the most improved results, Force Motors, Ashiana Housing, and Ramky Infra have scored the highest. The largecap, midcap, and smallcap categories have shown positive trends, with Public Banks, Tyres, and Paints sectors performing well. However, the Shipping, Consumer Durables, and Diversified sectors have shown negative results. It remains to be seen how these results will impact the market and the future performance of these companies.
The current quarter financial results have been a mixed bag for companies, with 3663 companies declaring their results so far in Sep'23. According to Marketcap, 160 Largecap, 178 Midcap, and 269 Smallcap companies have declared the most positive results.Among the most improved results this quarter, Force Motors, Ashiana Housing, and Ramky Infra have scored the highest with a score of 44 and 43 respectively. These companies, with a small market cap, have shown significant improvement in their financial performance.
Compared to the last 4 quarters, this quarter has seen a positive trend with 607 stocks declaring a 50.0% positive result, which is the highest among the last 4 quarters. In terms of returns, New India Assura, 63 Moons Tech., and IFGL Refractori have given the highest returns since declaring their results, with returns of 86%, 73%, and 68% respectively.
In the largecap category, 287 companies have declared their results, out of which 56.0% have shown positive results. The top performer in this category is Trent-Retailing with a score of 39 and an outstanding financial trend. In the midcap category, 355 companies have declared their results, with 51.0% showing positive results. The top performer in this category is Ramky Infra-Capital Goods with a score of 43 and an outstanding financial trend. In the smallcap category, 579 companies have declared their results, with 47.0% showing positive results. The top performer in this category is Ashiana Housing-Real Estate with a score of 44 and an outstanding financial trend.
Among the sectors, Public Banks have shown the best results with a positive result of 93.0%. The top performer in this sector is Punjab National Bank, with a market cap of Large Cap. Tyres and Paints sectors have also shown positive results with 80.0% and 78.0% respectively. The top performers in these sectors are CEAT and Kamdhenu Venture, with market caps of Mid Cap and Small Cap respectively.
On the other hand, the Shipping sector has shown the worst results with a negative result of 80.0%. The worst performer in this sector is Dredging Corporation, with a market cap of Small Cap. The Consumer Durables and Diversified sectors have also shown negative results with 67.0% each. The worst performers in these sectors are Campus Activewe. and 3M India, with market caps of Mid Cap and Large Cap respectively.
Overall, the current quarter financial results have been a mixed bag, with some sectors and companies showing outstanding results while others struggling to perform. It will be interesting to see how these results impact the market and the future performance of these companies.
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