Quarterly Results Show Positive Growth for Majority of Companies, Axis Bank Emerges as Top Performer

Apr 25 2024 12:00 PM IST
share
Share Via
The financial results for the current quarter have been declared, with 125 stocks announcing their performance. 52% of companies reported positive results, compared to 49% in the previous quarter. Large cap companies had the highest proportion of positive results at 58%, followed by mid cap companies at 57% and small cap companies at 37%. Top performers include Axis Bank, Piccadily Agro, and Eimco Elecon(I). In the last 24 hours, 21 results were declared, with Axis Bank emerging as the top performer. The company's financial performance for the quarter ending March 2024 was outstanding, with significant growth in PBT, PAT, and EPS. Upcoming results from Bajaj Finserv, Shriram Finance, and HCL Technologies are expected to continue the market's upward trend.
The financial results for the current quarter have been declared, with a total of 125 stocks announcing their performance for the period ending March 2024. The trend over the last four quarters has shown a positive growth, with 52% of companies reporting positive results for the current quarter, compared to 49% in the previous quarter. In terms of market capitalization, large cap companies have shown the highest proportion of positive results at 58%, followed by mid cap companies at 57% and small cap companies at 37%. Among the top performers in each category, Axis Bank from the private banking sector has emerged as the top result for large cap companies, while Piccadily Agro from the sugar sector has shown the best performance among mid cap companies. In the small cap category, Eimco Elecon(I) from the engineering and industrial equipment sector has reported the highest positive results. Overall, the top results have been declared by LKP Securities from the finance and NBFC sector in the micro cap category, while Axis Bank and ICICI Securities from the private banking and finance/NBFC sectors respectively have shown outstanding performance in the large cap category. In the last 24 hours, 21 results have been declared, with Axis Bank emerging as the top performer. The company has reported a size of 344371.78 and operates in the private banking sector. It has recently turned mildly bullish from sideways, with its stock price at Rs 1,053.70 on 22 April 2024. The financial performance for the quarter ending March 2024 has been outstanding, with a score of 34 compared to 8 in the previous quarter. Some of the key highlights of Axis Bank's financials for the current quarter include a growth of 130.71% in PBT LESS OI(Q) at Rs 2,584.60 crore, a growth of 224.5% in PAT(Q) at Rs 7,129.67 crore, and the lowest gross NPA(Q) at 1.43%. The company has also reported the highest NII(Q) at Rs 13,089.00 crore and interest earned(Q) at Rs 29,224.54 crore. The PAT(Q) has also shown a significant growth at Rs 7,129.67 crore, while the EPS(Q) has reached its highest at Rs 23.10. Additionally, Axis Bank has reported the lowest net NPA(Q) at 0.31%. Investors can look forward to the upcoming results of Bajaj Finserv, Shriram Finance, and HCL Technologies on 26 April 2024. With the current quarter showing positive results and the upcoming results of these companies, the market is expected to continue its upward trend.

Mojo Stocks - The Top 1% Picks across Markets

Top 10 Large Cap Mid Cap Small Cap
{{col.header}}
Latest
OPEN CALL
CLOSED CALL
{{s[col.key]}} {{s.change_value}}
{{ s.score.value }} - {{ s.score.call_type }}
{{ s.dot_summary.score }} - {{ s.dot_summary.scoreText }}
{{s[col.key]}} {{col.extra}}

Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News