Medium Cap Indian Stocks with Positive News on 28 May 2023
The following medium cap Indian stocks appeared in the most number of unique news on 28 May 2023, with positive sentiment:
- Avenue Supermarts
- The company’s Q4 results beat estimates, with revenue up 22% YoY and profit up 16% YoY.
- Mindtree
- The company announced that it will acquire L&T Infotech’s digital business for $3.75 billion. This is a major deal that will significantly expand Mindtree’s digital capabilities.
- Shriram Transport Finance
- The company reported 20% YoY growth in Q4 profit, driven by strong growth in its core lending business.
- Voltas
- The company’s Q4 profit up 30% YoY, driven by strong growth in its commercial and industrial segments.
- Tata Elxsi
- The company’s Q4 profit up 22% YoY, driven by strong growth in its digital transformation and engineering services businesses.
- KEC International
- The company bagged a $1.2 billion order from Saudi Arabia, which is its largest order ever.
- Adani Power
- The company’s Q4 profit up 100% YoY, driven by higher tariffs and lower fuel costs.
- JSW Steel
- The company’s Q4 profit up 150% YoY, driven by strong steel prices and higher volumes.
These stocks are all likely to see their stock prices rise in the near future, as investors react positively to the strong financial results and positive news.
Medium Cap Indian Stocks with Negative News on 28 May 2023
The following medium cap Indian stocks appeared in the most number of unique news on 28 May 2023, with negative sentiment:
- Ashok Leyland
- The company’s Q4 profit down 30% YoY, driven by lower sales and higher costs.
This stock is likely to see its stock price fall in the near future, as investors react negatively to the weak financial results.
It is important to note that the stock market is volatile and past performance is not necessarily indicative of future results. Investors should do their own research before making any investment decisions.
Title: Medium Cap Indian Stocks with Positive and Negative News on 28 May 2023