Medium Cap Indian Stocks in News on 23 May 2023
Several medium cap Indian stocks were in the news on 23 May 2023, with some receiving positive sentiment and others negative.
Positive Sentiment
- Trent: Tata Group is planning to invest ₹1,000 crore in the company to expand its retail business. This could boost Trent’s revenue and earnings in the coming quarters.
- Symphony: The company’s revenue is expected to grow by 20% in FY23, driven by strong demand for its products in the domestic and export markets. This could lead to a re-rating of the stock.
- Vinati Organics: Motilal Oswal Financial Services has initiated coverage on Vinati Organics with a “buy” rating and a target price of ₹2,245. This could attract new investors to the stock.
Negative Sentiment
- Kalpataru Power Transmission: The company has been downgraded by ICRA to “A-” from “A” due to concerns about its debt levels. This could weigh on the stock’s performance in the near term.
- PB Fintech: The company’s Q4 losses narrowed, but its revenue growth slowed. This could disappoint investors and lead to a sell-off in the stock.
Overall, it was a mixed day for medium cap Indian stocks on 23 May 2023. Some stocks received positive news, while others received negative news. Investors should carefully consider the news before making any investment decisions.
Title: Medium Cap Indian Stocks in News on 23 May 2023: Positive and Negative Sentiment
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