Small Cap Indian Stocks with Positive and Negative Sentiment on May 11, 2023

Several small cap Indian stocks appeared in the news on May 11, 2023, with some generating positive sentiment and others negative.

Positive Sentiment

  • HG Infra Engineering: The company’s shares were trading 6% higher in the afternoon on May 11, a day after posting a robust set of numbers for the March quarter of financial year 2022-23. The most stock price impacting news was the company’s announcement of a 44.21% increase in net sales in the March quarter.
  • Sagar Cements: The company’s shares surged by more than 6% following their announcement of a profitable March quarter, in contrast to a loss during the same period last year. The most stock price impacting news was the company’s announcement of a net profit of Rs 98 crore in the March quarter.
  • HPL Electric and Power: The firm is a leading Indian electric equipment manufacturer recently announced winning smart meter contracts worth Rs 204 Crore (Rs 179.45 crore after tax) from customers nationwide. The most stock price impacting news was the announcement of the smart meter contracts, which is a major growth driver for the company.

Negative Sentiment

  • Kewal Kiran Clothing: The stock of Kewal Kiran Clothing, a manufacturer of branded apparel, started trading ex-dividend on May 11. This means that investors who bought the stock before May 11 are entitled to the dividend, but those who bought it after May 11 will not be eligible. This could lead to some selling pressure on the stock.
  • Sirca Paints India: The company’s board of directors has proposed the issuance of bonus shares at a ratio of 1:1. This means that for every fully paid-up equity share of Rs. 10 held by the company’s shareholders as of the record date, they will receive 1 additional bonus equity share of Rs. 10. This could dilute the value of existing shares, which could lead to some selling pressure on the stock.

It is important to note that these are just a few of the small cap Indian stocks that appeared in the news on May 11, 2023. The sentiment of the news and the impact on the stock price could vary depending on the individual stock and the specific news item. Investors should always do their own research before making any investment decisions.

Title: Small Cap Indian Stocks with Positive and Negative Sentiment on May 11, 2023