Quarterly Financial Results Show Positive Trend Across Market Categories

Apr 28 2024 09:00 AM IST
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The Mar-2024 quarter financial results have been announced, with 214 stocks reporting their performance. The trend over the last four quarters has shown a positive proportion, with large cap companies leading at 60.0%. Among the top performers, Motil.Oswal.Fin., Force Motors, and Dolat Algotech have emerged as the best in their respective categories. In the last 24 hours, ICICI Bank has declared its results, showing a significant improvement from the previous quarter. The private bank has the lowest gross NPA and highest values for various financial indicators. Upcoming results from Gillette India, UltraTech Cem., and Trent are expected to follow the positive trend seen in the current quarter's results.
The current quarter financial results have been declared, with a total of 214 stocks announcing their performance for the Mar-2024 quarter. The trend over the last four quarters has shown a positive proportion, with 57.0% of companies reporting positive results in the Mar-2024 quarter, 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. in the finance/NBFC sector has emerged as the top result for large cap companies, while Force Motors in the auto-trucks sector has shown strong performance for mid cap companies. For small cap companies, Dolat Algotech in the finance/NBFC sector has reported the best results.

Overall, Dolat Algotech has emerged as the top performer among all categories, followed by LKP Securities in the finance/NBFC sector for micro cap companies, and Motil.Oswal.Fin. for large cap companies.

In the last 24 hours, 7 results have been declared, with ICICI Bank being the top performer. The private bank has seen a bullish trend, with its financial performance for the Mar-2024 quarter showing a significant improvement from the previous quarter. The bank's gross NPA has been the lowest at 2.16%, while its NII, interest earned, PAT, PBDIT, PBT less OI, EPS, and net NPA have all shown the highest values. Additionally, ICICI Bank has the highest cash and cash equivalents at Rs 89,711.70 crore.

Upcoming results to look out for include Gillette India, UltraTech Cem., and Trent, all of which are set to announce their performance on 29 Apr 2024. With the positive trend seen in the current quarter's results, investors can expect to see strong financial performances from these companies as well.

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