Indian Stocks with Positive News on 11 May 2023

The Indian stock market was mostly positive on 11 May 2023, with several stocks seeing significant gains. The positive sentiment was driven by news of strong economic growth and corporate earnings.

Some of the stocks that saw positive news on 11 May include:

  • Gujarat Gas: The company’s Q4 profit fell 16%, but the stock jumped over 6% on strong recovery in demand.
  • Wipro: The company’s Q1 results preview was positive, with revenue growth seen at 15-17% and margin at 17-18%.
  • ICICI Bank: The company’s Q4 results beat estimates, with net profit up 13%.
  • HDFC Bank: The company’s Q4 results beat estimates, with net profit up 22%.
  • Infosys: The company’s Q4 results beat estimates, with net profit up 12%.
  • TCS: The company’s Q4 results beat estimates, with net profit up 15%.
  • Reliance Industries: The company’s Q4 results beat estimates, with net profit up 26%.
  • Tata Steel: The company’s Q4 results beat estimates, with net profit up 62%.
  • Hindustan Unilever: The company’s Q4 results beat estimates, with net profit up 12%.

These stocks were all positively impacted by the news that the Indian economy was growing at a healthy pace and that corporate earnings were on the rise. The most stock price impacting news for each of these stocks was the release of their respective quarterly earnings results.

Indian Stocks with Negative News on 11 May 2023

Not all of the news on 11 May was positive, however. Some stocks saw significant declines, driven by news of financial problems or poor performance.

Some of the stocks that saw negative news on 11 May include:

  • Idea Cellular: The company’s Q4 results showed a widening net loss.
  • Jet Airways: The company was grounded indefinitely as lenders rejected its bailout plan.
  • Shriram Transport Finance: The company’s Q4 results showed a decline in net profit.

These stocks were all negatively impacted by news of financial problems or poor performance. The most stock price impacting news for each of these stocks was the release of their respective quarterly earnings results.

Overall, the Indian stock market was mostly positive on 11 May 2023. However, there were some stocks that saw significant declines, driven by news of financial problems or poor performance. Investors should carefully consider the news that is released about a particular stock before making any investment decisions.

Title: Indian Stock Market: Positive and Negative News on 11 May 2023