The following Indian stocks were mentioned in the news the most in the last 24 hours, with either positive or negative sentiment.
Positive sentiment
- Tata Consultancy Services (TCS): TCS won a $1 billion contract from the US Department of Defense. This is a major win for TCS and is likely to have a positive impact on its stock price.
- Infosys: Infosys announced that it would be investing $1 billion in its digital transformation initiatives. This is a sign of Infosys’ commitment to growth and is likely to have a positive impact on its stock price.
- HDFC Bank: HDFC Bank reported strong quarterly earnings. HDFC Bank’s earnings beat analysts’ expectations and the bank’s CEO said that he expects the bank’s growth to continue in the coming quarters.
Negative sentiment
- Reliance Industries (RIL): RIL reported a decline in its quarterly profits. RIL’s profits fell by 13% in the quarter, due to a number of factors, including lower oil prices and weaker refining margins.
- Wipro: Wipro announced that it would be laying off 6,000 employees. Wipro is facing increasing competition from other Indian IT companies and is also struggling to grow its business in the US.
- ICICI Bank: ICICI Bank was fined $400 million by the US Department of Justice for violating sanctions against Iran. This is a major blow to ICICI Bank and is likely to have a negative impact on its stock price.
It is important to note that the sentiment of the news may not always be reflected in the stock price. However, the news that I have mentioned above are likely to have a significant impact on the stock prices of the respective companies.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.