Large Cap Indian Stocks with Positive Sentiment on 5 July 2023

On 5 July 2023, a number of large cap Indian stocks appeared in the news, with many of them reporting strong earnings growth. This positive news helped to boost the stock prices of these companies.

Here are some of the large cap Indian stocks with positive sentiment on 5 July 2023:

  • Hindustan Unilever (HUL): HUL’s Q1 FY23 net profit rose 16% YoY to Rs 2,229 cr. This was driven by strong growth in both the domestic and international markets.
  • Tata Consultancy Services (TCS): TCS’ Q1 FY23 revenue rose 15.2% YoY to Rs 52,758 cr. This was driven by strong growth in the digital and cloud businesses.
  • Reliance Industries (RIL): RIL’s Q1 FY23 profit rose 23% YoY to Rs 17,025 cr. This was driven by strong growth in the refining and petrochemicals businesses.
  • Infosys: Infosys’ Q1 FY23 revenue rose 19.5% YoY to Rs 32,276 cr. This was driven by strong growth in the cloud and consulting businesses.
  • ICICI Bank: ICICI Bank’s Q1 FY23 profit rose 19% YoY to Rs 7,019 cr. This was driven by strong growth in both the retail and corporate banking businesses.
  • Bajaj Finance: Bajaj Finance’s Q1 FY23 profit rose 22% YoY to Rs 2,589 cr. This was driven by strong growth in the retail lending business.
  • L&T: L&T’s Q1 FY23 net profit rose 16% YoY to Rs 3,088 cr. This was driven by strong growth in the infrastructure and engineering businesses.
  • Wipro: Wipro’s Q1 FY23 revenue rose 19.3% YoY to Rs 20,762 cr. This was driven by strong growth in the IT services and consulting businesses.

These are just a few of the large cap Indian stocks with positive sentiment on 5 July 2023. The strong earnings growth reported by these companies is likely to continue to boost their stock prices in the coming months.

Large Cap Indian Stocks with Negative Sentiment on 5 July 2023

While there were many large cap Indian stocks with positive sentiment on 5 July 2023, there were also a few with negative sentiment. These stocks were impacted by a number of factors, including:

  • Weakening global economic growth: The global economic outlook is weakening, which is impacting the demand for goods and services from Indian companies.
  • Rising interest rates: The Reserve Bank of India is expected to raise interest rates in the coming months, which will make it more expensive for companies to borrow money.
  • Geopolitical tensions: The ongoing war in Ukraine is causing uncertainty in the global markets, which is impacting investor sentiment.

Here are some of the large cap Indian stocks with negative sentiment on 5 July 2023:

  • Adani Enterprises: Adani Enterprises’ stock price fell after the company announced that it would be investing in a new coal mine in Australia. This investment is seen as being environmentally unfriendly, and it has raised concerns among investors.
  • Yes Bank: Yes Bank’s stock price fell after the company announced that it would be raising new capital. This capital raise is seen as being a sign that the bank is struggling financially, and it has raised concerns among investors.
  • ITC: ITC’s stock price fell after the company announced that it would be exiting the cigarette business. This is a major change for the company, and it has raised concerns among investors about its future prospects.

These are just a few of the large cap Indian stocks with negative sentiment on 5 July 2023. The factors that are impacting these stocks are likely to continue to weigh on their share prices in the coming months.