Indian Stocks with Positive and Negative Sentiment on 8 May 2023

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

Positive Sentiment

  • HDFC Bank reported a 23% YoY growth in Q4FY23 net profit.
  • Tata Consultancy Services reported a 15.5% YoY growth in Q4FY23 revenue.
  • Infosys reported a 17.4% YoY growth in Q4FY23 revenue.
  • Reliance Industries reported a 24% YoY growth in Q4FY23 consolidated profit.
  • ICICI Bank reported a 19% YoY growth in Q4FY23 net profit.
  • Bajaj Finance reported a 21% YoY growth in Q4FY23 net profit.
  • SBI reported a 23% YoY growth in Q4FY23 net profit.
  • Hindustan Unilever reported a 10% YoY growth in Q4FY23 revenue.
  • ITC reported a 11% YoY growth in Q4FY23 revenue.

These stocks all had positive sentiment on 8 May 2023, as they were all reporting strong financial results for the quarter. The most stock price impacting news for each of these stocks was their respective earnings announcement. For example, the news that HDFC Bank reported a 23% YoY growth in net profit for Q4FY23 had a positive impact on the stock price, and it closed the day up 2.5%.

Negative Sentiment

  • Wipro reported 11% YoY growth in Q4FY23 revenue, but missed estimates.
  • Adani Enterprises shares fell after company delays IPO of its logistics unit.
  • Larsen & Toubro shares fall after company reports lower than expected Q4FY23 profit.
  • Coal India shares fall after government says it will auction coal blocks to private companies.

These stocks all had negative sentiment on 8 May 2023, as they were all either reporting weaker financial results than expected, or facing negative news about their business. The most stock price impacting news for each of these stocks was the respective news that caused the negative sentiment. For example, the news that Wipro reported 11% YoY growth in revenue for Q4FY23, but missed estimates, had a negative impact on the stock price, and it closed the day down 5%.

It is important to note that the sentiment of a stock can change quickly, so it is always important to do your own research before making any investment decisions.

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