Indian Stocks with Positive and Negative News Sentiment on 8 May 2023

On 8 May 2023, there were a number of Indian stocks that appeared in the news with both positive and negative sentiment. Here is a look at some of the stocks with the most news coverage and their respective sentiment:

Positive Sentiment

  • Aditya Birla Fashion and Retail: The company announced that it would be raising up to ₹800 crore to acquire TCNS Clothing. This news was seen as positive by investors, as it showed that the company was growing and investing in its future.
  • Canara Bank: The bank reported strong financial results for the fourth quarter of fiscal year 2022-23, with net profit zooming 90% year-on-year to Rs 3,175 crore. This news was also seen as positive by investors, as it showed that the bank was performing well financially.
  • Marico: The company’s shares surged over 9% after it reported strong earnings for the fourth quarter of fiscal year 2022-23. The company’s profit after tax grew 22% year-on-year to Rs 523 crore.
  • Tata Starbucks: The company said that it is eyeing strong growth in the coming years. This news was seen as positive by investors, as it showed that the company was confident in its future growth prospects.
  • Titan: Analysts said that Titan shares are poised for 17% upside. This news was seen as positive by investors, as it showed that analysts believed the stock was undervalued and had potential for growth.

Negative Sentiment

  • Coal India: The company’s shares fell over 3% after it reported weak financial results for the fourth quarter of fiscal year 2022-23. The company’s profit after tax declined 11% year-on-year to Rs 2,524 crore.
  • Jindal Steel: The company is scheduled to report its fourth quarter results on 8 May 2023. Analysts expect the company’s profit to decline. This news could have a negative impact on the stock price.

It is important to note that these are just a few of the many Indian stocks that appeared in the news on 8 May 2023. The overall sentiment of the news for each stock may vary, and the impact of the news on the stock price may not be immediately clear. Investors should do their own research before making any investment decisions.

Title: Indian Stocks with Positive and Negative News Sentiment on 8 May 2023