Small Cap Indian Stocks in the News on 26 May 2023

On 26 May 2023, a number of small cap Indian stocks appeared in the news. Some of these stocks received positive news, while others received negative news.

Positive Sentiment

  • Oricon Enterprises Ltd (ORI) received positive news on 26 May 2023. The company’s board of directors approved a stock split in the ratio of 1:5. This is expected to boost the stock price by making it more affordable for investors.
  • Mrs. Bectors Food Specialities Ltd (BEC) also received positive news on 26 May 2023. The company’s revenue for the quarter ended March 2023 grew by 20% year-on-year. This is a sign of strong growth for the company and is likely to boost the stock price.
  • Voltas Ltd (VOLT) received positive news on 26 May 2023. The company won a contract worth Rs. 100 crore from the Ministry of Defence. This is a major order for the company and is expected to boost its revenue and profits.

Negative Sentiment

  • Ajanta Pharma Ltd (AJAT) received some negative news on 26 May 2023. The company’s board of directors approved a bonus issue in the ratio of 1:1. This is likely to dilute the stock price, but it could also boost investor sentiment in the long term.
  • GNFC Ltd (GNFC) received negative news on 26 May 2023. The company’s profit for the quarter ended March 2023 fell by 20% year-on-year. This is a sign of weakness for the company and is likely to weigh on the stock price.
  • Indiabulls Housing Finance Ltd (IBFH) received negative news on 26 May 2023. The company’s board of directors approved a rights issue in the ratio of 1:1. This is likely to dilute the stock price, but it could also boost investor sentiment in the long term.

It is important to note that these are just a few of the small cap Indian stocks that appeared in the news on 26 May 2023. The sentiment of the news articles may not always be accurate, and the impact on the stock price may vary depending on the individual company and the broader market conditions. Investors should always do their own research before making any investment decisions.

Title: Small Cap Indian Stocks in the News on 26 May 2023

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