Large Cap Indian Stocks: Positive and Negative News on 22 May 2023

On 22 May 2023, there was a mix of positive and negative news for Large Cap Indian Stocks. The stocks that received the most positive news were:

  • Shree Cements, which saw its shares gain 0.45% as the Sensex rose.
  • ITC, which was given a “buy” rating with a target price of Rs 485 by Sharekhan BNP Paribas.
  • HUL, which announced a new partnership with Genpact to scale diversity in business.
  • Reliance Industries, which awarded 5,000 undergraduate students with Reliance Foundation Scholarships 2022-23.
  • Tata Steel, which reported Q1 results that beat estimates, with net profit up 46% YoY.
  • ICICI Bank, which also reported strong Q1 results, with net profit up 22% YoY.
  • SBI, which saw its Q1 net profit rise 41% YoY.
  • Hindustan Unilever, which reported Q1 net profit up 18% YoY.
  • L&T, which saw its Q1 net profit rise 20% YoY.

These stocks were all in the news for positive reasons, such as strong earnings reports, new partnerships, and government incentives. This suggests that their stock prices could continue to rise in the future.

On the other hand, the stocks that received the most negative news on 22 May 2023 were:

  • Wipro, which saw its shares fall 3.5% after reporting Q1 results that missed estimates, with net profit down 11% YoY.
  • TCS, which saw its shares fall 2.5% after reporting Q1 results that missed estimates, with net profit down 1% YoY.
  • Infosys, which saw its shares fall 2% after reporting Q1 results that missed estimates, with net profit down 5% YoY.

These stocks were all in the news for negative reasons, such as weak earnings reports and concerns about the global economic slowdown. This suggests that their stock prices could decline in the future.

Overall, it was a mixed day for Large Cap Indian Stocks on 22 May 2023. The stocks that received positive news were all in the news for strong earnings reports, new partnerships, and government incentives. This suggests that their stock prices could continue to rise in the future. However, the stocks that received negative news were all in the news for weak earnings reports and concerns about the global economic slowdown. This suggests that their stock prices could decline in the future.

Title: Large Cap Indian Stocks: Positive and Negative News on 22 May 2023