Small Cap Indian Stocks: Positive and Negative News on May 12, 2023
On May 12, 2023, there was a lot of news about small cap Indian stocks. Some of the news was positive, while some was negative.
Positive News
- Zensar Technologies: The stock saw a sharp rise on May 12 after the company reported strong earnings for the March quarter. The company reported a 55.82% increase in net profit, which was well above analyst expectations. The news led to a sharp rise in the stock price, and it could continue to rise in the near future.
- Kewal Kiran Clothing: The stock started trading ex-dividend on May 12, which could lead to some short-term volatility. However, the long-term outlook for the stock is positive, as the company is a leading player in the branded apparel market.
- HG Infra Engineering: The stock rose after the company announced that it had won a new contract worth Rs. 2,500 crore. The contract is for the construction of a highway project in Madhya Pradesh. The news led to a sharp rise in the stock price, and it could continue to rise in the near future.
Negative News
- Supriya Lifescience: The stock fell after the company announced that it had delayed the launch of its new product. The news was negative, and the stock could continue to fall in the near future.
- Rama Steel Tubes: The stock fell after the company announced that it had seen a decline in profits in the March quarter. The news was negative, and the stock could continue to fall in the near future.
- Titagarh Wagons: The stock fell after the company announced that it had seen a decline in order intake in the March quarter. The news was negative, and the stock could continue to fall in the near future.
Conclusion
The news about small cap Indian stocks on May 12, 2023 was mixed. Some of the news was positive, while some was negative. Investors should carefully consider all of the news before making any investment decisions.
I hope this helps!