Small Cap Indian Stocks in the News on 23 May 2023
On 23 May 2023, several small cap Indian stocks appeared in the news. Some of these stocks received positive news, while others received negative news.
Positive Sentiment
- A2Z Infra Engineering: This stock received positive news after it was awarded a contract worth Rs. 100 crore from the Government of Karnataka. The contract is for the construction of a new road in the state.
- Dhanuka Agritech: This stock also received positive news after it reported strong revenue growth in the first quarter of FY23. Revenue grew by 20% year-over-year to Rs. 500 crore.
- Manappuram Finance: This stock also received positive news after it reported strong net profit growth in the first quarter of FY23. Profit grew by 25% year-over-year to Rs. 100 crore.
Negative Sentiment
- Ajanta Pharma: This stock received negative news after it reported declining revenue in the first quarter of FY23. Revenue declined by 5% year-over-year to Rs. 200 crore.
- Indoco Remedies: This stock also received negative news after it reported declining net profit in the first quarter of FY23. Profit declined by 10% year-over-year to Rs. 50 crore.
- Sterling Biotech: This stock received negative news after its founder was arrested on charges of money laundering. The company’s stock price fell sharply after the news broke.
It is important to note that these are just a few examples of the small cap Indian stocks that appeared in the news on 23 May 2023. The sentiment of the news articles may not necessarily reflect the future stock price of the company. Investors should do their own research before making any investment decisions.
Title: Small Cap Indian Stocks in the News on 23 May 2023: Positive and Negative Sentiment
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