Small Cap Indian Stocks: Positive and Negative Sentiment on 24 May 2023
On 24 May 2023, there was a mixed bag of news for small cap Indian stocks. Some stocks saw positive sentiment, while others saw negative sentiment.
Positive Sentiment
- Misthann Foods (NSE: MISTAN) saw positive sentiment after Nomura raised its stake in the company to 1.28%. This could be seen as a vote of confidence in the company and could lead to increased demand for its shares.
- Indian Hotels (NSE: ITC) also saw positive sentiment after the company’s shares rose 1.08% on the day. This was likely due to positive sentiment in the broader market.
- A2Z Infra Engineering (NSE: A2ZINFRA) saw positive sentiment after the company won a contract worth Rs. 100 crore. This is a significant contract for the company and could lead to increased revenue and profits.
Negative Sentiment
- Chola Inv Finance (NSE: CHOLAINV) saw negative sentiment after the company’s shares fell 0.42% on the day. This was likely due to negative sentiment in the broader market.
- IRCTC (NSE: IRCTC) also saw negative sentiment after the company’s shares fell 0.74% on the day. This was likely due to negative sentiment in the broader market.
- Kajaria Ceramics (NSE: KAJRA) saw negative sentiment after the company’s shares fell 2.3% on the day. This was likely due to concerns about the company’s exposure to the Chinese market.
It is important to note that these are just a few of the small cap Indian stocks that appeared in the news on 24 May 2023. The overall sentiment for these stocks could change depending on a variety of factors, such as the release of financial results or news about new product launches. Investors should do their own research before making any investment decisions.
Conclusion
The sentiment for small cap Indian stocks was mixed on 24 May 2023. Some stocks saw positive sentiment, while others saw negative sentiment. Investors should do their own research before making any investment decisions.