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Q4 results today: Adani Total Gas, Cholamandalam Investment and Finance Company, Indus Towers, Central Bank of India, Procter and Gamble Hygiene and Health Care, Exide Industries, Vedant Fashions, Castrol India, Indiamart Intermesh, among others will announce their Q4 earnings today.
The Nifty SmallCap 100 is trading at a high P/B value of 6.7, and at least 128 smallcap multibaggers are trading above their 5-year average PE level. Companies in sectors like chemicals, consumer durables, energy, IT, and BFSI are overheated. The recent Q3 earnings season has added to concerns about expensive valuations for PSU railways, defence, and power stocks.
Leading the pack is ICICI Bank, which secured the top spot with a net profit of Rs 11,052.60 crore in Q3FY24
Shilchar Technologies Q3 FY24 Results Live: Revenue increased by 72.76% YoY & profit increased by 119.4% YoY
Stocks in the smallcap segment have had a dream run this year, backed by the relentless buying, particularly by retail investors. The S&P BSE Smallcap index has given a staggering 45% returns year-to-date, against the 16 returns given by benchmark Sensex.