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In the past five weeks, we have covered the top-300 stocks of our top-500 Wealth Creator stocks list. The previous reports focused on detailing the major policy changes influencing equity markets, deriving the top-500 wealth creators according to our unique methodology.
Pricol reported a good set of results for Q3FY23-24. Sales increased by 21% year-on-year (y-o-y), operating profit increased 33.1% and operating profit margin jumped 109bps (basis points) y-o-y at 11.84%. Net profit was up 27% y-o-y and net profit margin improved by 34bps y-o-y.
It is a standard bus stop in a city. One person with a red velvet rope creates a section for seating at the bus stop. He labels it as a VIP section and charges a fee. Three curious commuters pay the charges and tightly sit on the bench meant for two people.
The start of the week witnessed a market-wide decline, particularly hitting small caps hard. On Monday, 2986 stocks saw a decline on the BSE (Bombay Stock Exchange). However, there was some stabilization observed as 1935 stocks traded flat on Wednesday