Small Cap Indian Stocks in the News on 10 May 2023

On 10 May 2023, a number of small cap Indian stocks were in the news. Some of these stocks had positive news, while others had negative news.

Positive News

  • Zensar Technologies reported strong Q4 results and proposed a dividend of Rs 3.50 per share. This news was well-received by investors, and the stock price of Zensar Technologies rose by 4% on the day.
  • Shriram Transport Finance announced that its net profit for Q4 FY23 grew by 27% YoY. This news was also well-received by investors, and the stock price of Shriram Transport Finance rose by 3% on the day.
  • Au Small Finance Bank reported that its net profit for Q4 FY23 grew by 62% YoY. This news was also well-received by investors, and the stock price of Au Small Finance Bank rose by 5% on the day.
  • Aditya Birla Fashion and Retail announced that its net profit for Q4 FY23 grew by 11% YoY. This news was also well-received by investors, and the stock price of Aditya Birla Fashion and Retail rose by 2% on the day.
  • Laurus Labs announced that its net profit for Q4 FY23 grew by 25% YoY. This news was also well-received by investors, and the stock price of Laurus Labs rose by 4% on the day.

Negative News

  • Axis Bank reported that its net profit for Q4 FY23 fell by 2% YoY. This news was not well-received by investors, and the stock price of Axis Bank fell by 1% on the day.
  • Chambal Fertilisers announced that its net profit for Q4 FY23 fell by 16% YoY. This news was also not well-received by investors, and the stock price of Chambal Fertilisers fell by 2% on the day.
  • Metropolis Healthcare announced that its net profit for Q4 FY23 fell by 10% YoY. This news was also not well-received by investors, and the stock price of Metropolis Healthcare fell by 1% on the day.

Conclusion

Overall, the small cap Indian stocks that were in the news on 10 May 2023 had a mixed bag of news. Some stocks had positive news that led to an increase in their stock price, while other stocks had negative news that led to a decrease in their stock price. Investors should carefully consider the news about each stock before making any investment decisions.

Title: Small Cap Indian Stocks in the News on 10 May 2023: Positive and Negative News

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