Quarterly Financial Results Show Positive Trend for Top Performers in Indian Market
The current quarter financial results have been announced, with 1287 stocks reporting their performance for the Jun-2024 quarter. The trend over the last four quarters has been consistently positive, with large cap companies showing the highest proportion of positive results at 58.0%. Among the top performers are GE T&D India, Symphony, and Dolat Algotech. Dolat Algotech has seen a positive shift from Mildly Bullish to Bullish, with outstanding financial performance in the Jun 2024 quarter. The company's PBT LESS OI(Q) and PAT(Q) have grown by 103.5% and 82.2%, respectively, while NET SALES(Q) has reached its highest at Rs 151.73 cr. With upcoming results from J B Chemicals & on 08 Aug 24, Astral on 08 Aug 24, and Oil India on 08 Aug 24, investors can expect a promising future for these companies.
The current quarter financial results have been declared, with a total of 1287 stocks announcing their performance for the Jun-2024 quarter. The trend over the last four quarters has shown a consistent proportion of positive results, with Jun-2024 at 51.0%, Mar-2024 at 50.0%, Dec-2023 at 49.0%, and Sep-2023 at 50.0%.In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 58.0%, followed by mid cap at 47.0% and small cap at 49.0%. Among the top performers in the large cap category is GE T&D India in the capital goods sector. In the mid cap category, Symphony in the domestic appliances sector has shown outstanding results. In the small cap category, Dolat Algotech in the finance/NBFC sector has emerged as the top performer.
Dolat Algotech, with a market cap of 2442.88, has seen a positive shift from Mildly Bullish to Bullish on 30 Jul 2024 at Rs 139.15. The company has shown outstanding financial performance in the Jun 2024 quarter, with a consistent score in the last three months. The company's PBT LESS OI(Q) has grown by 103.5%, while PAT(Q) has grown by 82.2%. The company's NET SALES(Q) has also seen a significant increase, reaching its highest at Rs 151.73 cr with a growth of 71.2%. The company's PBDIT(Q) and OPERATING PROFIT TO NET SALES(Q) have also reached their highest at Rs 110.19 cr and 72.62%, respectively. The company's EPS(Q) has also shown a significant increase, reaching its highest at Rs 4.07.
In the last 24 hours, 104 results have been declared, with Dolat Algotech emerging as the top performer. Looking ahead, investors can expect upcoming results from J B Chemicals & on 08 Aug 24, Astral on 08 Aug 24, and Oil India on 08 Aug 24. With the current quarter financial results showing a positive trend, investors can look forward to a promising future for these companies.
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