Quarterly Financial Results Show Positive Growth Across Market Caps, ICICI Bank Among Top Performers
The latest financial results for the Mar-2024 quarter have shown a positive trend, with 57.0% of companies reporting positive results. Large cap companies have shown the highest proportion of positive results, with Motil.Oswal.Fin. emerging as the top performer. In the small cap category, Dolat Algotech has been the top performer, while LKP Securities has shown the best performance among micro cap companies. ICICI Bank has been one of the top performers, with a bullish trend since 22 Apr 2024. The bank's financial performance for the quarter has been very positive, with key highlights including lowest gross NPA, highest NII, and highest PAT. Upcoming results from companies like Gillette India, UltraTech Cem., and Trent are expected to continue this positive trend.
The current quarter financial results have been declared and a total of 214 stocks have announced their performance for the Mar-2024 quarter. The trend over the last four quarters shows a positive growth with 57.0% of companies reporting positive results in Mar-2024, followed by 49.0% in Dec-2023, 50.0% in Sep-2023, and 48.0% in Jun-2023.In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 60.0%, followed by mid cap at 55.0% and small cap at 54.0%. Among the top performers in each category, Motil.Oswal.Fin. from the finance/NBFC sector has emerged as the top result for large cap companies, while Force Motors from the auto-trucks sector has shown the best performance among mid cap companies. In the small cap category, Dolat Algotech from the finance/NBFC sector has been the top performer.
Overall, Dolat Algotech has been the top performer in the small cap category, while LKP Securities from the finance/NBFC sector has shown the best performance among micro cap companies. In the large cap category, Motil.Oswal.Fin. has emerged as the top performer.
In the last 24 hours, 7 results have been declared, with ICICI Bank being one of the top performers. The private bank has seen a bullish trend since 22 Apr 2024, with its stock price at Rs 1,087.05. The financial performance for the Mar-2024 quarter has been very positive, with a score improvement from 16 to 21 in the last 3 months.
Some of the key highlights of ICICI Bank's financials for Mar-2024 include the lowest gross NPA (2.16%), highest NII (Rs 19,092.80 cr), highest interest earned (Rs 37,948.36 cr), highest PAT (Rs 10,707.53 cr), highest PBDIT (Rs 9,389.97 cr), highest PBT less OI (Rs 8,671.48 cr), and highest EPS (Rs 15.25). The bank also has the lowest net NPA at 0.42% and the highest cash and cash equivalents at Rs 89,711.70 cr.
Upcoming results to look out for include Gillette India, UltraTech Cem., and Trent on 29 Apr 24. With the positive trend in the current quarter's financial results, investors can expect a strong performance from these companies as well.
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