More and more companies are coming out with their working results every day. Leaving out those companies with less than Rs 1,000 Crore market capitalization, Vivekam attempted to read the pattern in the results.
We are happy to note that a total of 296 companies with more than 1,000 Crore Market capitalization have come out with results. Out of them as many as 229 companies have shown improved performance and bettered their profit after taxes in latest trailing twelve months (TTM) over previous TTM.
These 229 companies have reported an increase of 8.01% in their profit. We also studied the ratio between better and worse performing stocks in different market cap buckets. The second table below shows how they compare as of now. The trend is heartening and we are reasonably confident that the trend will continue into future. This reinforces our conviction that buying growth companies at this juncture is very likely to reward the investors.