The current quarter financial results have been declared, with a total of 852 stocks announcing their performance for the Mar-2024 quarter. The trend over the last four quarters has shown a positive growth, with 54% of companies reporting positive results for the Mar-2024 quarter, followed by 50% for Dec-2023 and Sep-2023, and 48% for Jun-2023.

In terms of market capitalization, the large cap companies have shown the highest proportion of positive results at 58%, followed by mid cap at 61% and small cap at 44%. Among the top performers in each category, Tata Motors in the auto sector, Inox Wind in renewable energy, and Asian Energy in oil exploration/refineries have emerged as the top companies in their respective segments.

However, the most outstanding financial performance for the quarter has been reported by Zomato Ltd, an IT software company. With a net sales of Rs 3,562.00 crore and a PAT of Rs 175.00 crore, the company has seen a remarkable growth of 5837.7% in its PAT. This has resulted in a bullish trend for the company, with its score rising from 34 to 32 in the last 3 months.

Some of the key factors contributing to Zomato Ltd's success in the Mar-2024 quarter include a high inventory turnover ratio of 137.66 times and a PBT less OI of Rs -74.00 crore. The company has also shown a significant growth in its net sales, operating profit to net sales, and EPS, making it one of the top performers in the last 24 hours.

Investors can look forward to the upcoming results of Honeywell Auto, LIC Housing Fin., and Jindal Stain. on 15 May 2024, which are expected to provide further insights into the current market trends. With the positive results declared by Zomato Ltd and other top companies, the financial market is showing signs of growth and stability in the current quarter.