Medium Cap Indian Stocks: Positive and Negative News on 22 May 2023
On 22 May 2023, there was a mix of positive and negative news for medium cap Indian stocks. Here are some of the stocks that were in the news, along with the sentiment of the news and the most stock price impacting news for each:
Positive sentiment
- AU Small Finance Bank (AUBANK) was included in the MSCI India Small Cap Index, which is expected to lead to increased demand for the stock.
- Polycab India (POLY) was awarded the “Best Mid-Cap Company” award by the Economic Times.
- Syngene International (SYNGENE) was selected as a preferred supplier by a leading global pharmaceutical company.
Negative sentiment
- Bharat Heavy Electricals (BHEL)‘s order book declined in the first quarter of FY23.
- Persistent Systems‘ revenue growth slowed in the first quarter of FY23.
- IDFC FIRST Bank‘s net profit declined in the first quarter of FY23.
It is important to note that these are just a few examples of the news that impacted medium cap Indian stocks on 22 May 2023. The overall sentiment for each stock may vary depending on other factors, such as the broader market conditions.
Title: Medium Cap Indian Stocks: Positive and Negative News on 22 May 2023
I hope this is helpful!