Medium Cap Indian Stocks with Positive and Negative Sentiment on 9 May 2023
On 9 May 2023, a number of medium cap Indian stocks appeared in the news, with some receiving positive sentiment and others receiving negative sentiment.
Positive Sentiment
- Kansai Nerolac Paints – The company’s board of directors approved a bonus issue in the ratio of 1:2, which is likely to have a positive impact on the stock price.
- Indraprastha Gas – The company reported a 10% increase in PAT for Q4FY23, which was in line with analyst expectations. This is a positive development for the company, as it shows that it is continuing to perform well.
- Varun Beverages – The company reported a 22% increase in revenue for Q4FY23, which was also in line with analyst expectations. This is a positive development for the company, as it shows that it is continuing to grow its business.
- Jindal Poly Films – The company reported a 14% increase in revenue for Q4FY23, which was slightly below analyst expectations. However, the company’s PAT increased by 22% during the quarter. This is a positive development for the company, as it shows that it is continuing to improve its profitability.
- Venus Pipes & Tubes – The company reported a 17% increase in revenue for Q4FY23, which was in line with analyst expectations. The company’s PAT also increased by 15% during the quarter. This is a positive development for the company, as it shows that it is continuing to grow its business.
Negative Sentiment
- R Systems International – Blackstone Inc.’s delisting offer for the company was unsuccessful, which is a negative development for the company.
Overall, the medium cap Indian stocks that appeared in the news on 9 May 2023 were mostly positive, with only one stock receiving negative sentiment. Investors should carefully consider the potential impact of these news articles before making any investment decisions.
I hope this helps!