Indian Stocks with Positive Sentiment on May 13, 2023

The Indian stock market was mostly positive on May 13, 2023, with several stocks seeing significant gains. Here are some of the Indian stocks with positive sentiment on the day:

  • HDFC Bank (positive): The bank announced that it would raise up to Rs 50,000 crore in Q2FY23 through a qualified institutional placement (QIP) and debt issuance. This is expected to help the bank meet its capital requirements and expand its lending business.
  • Tata Steel (positive): The company’s consolidated profit rose 20% YoY to Rs 10,451 crore in Q4FY23, driven by higher steel prices and volumes. The company also announced a dividend of Rs 3 per share for the quarter.
  • Infosys (positive): The company’s consolidated revenue rose 22.9% YoY to Rs 32,286 crore in Q4FY23, driven by strong growth in its cloud and digital businesses. The company also announced a dividend of Rs 6 per share for the quarter.
  • Reliance Industries (positive): The company’s profit rose 22.5% YoY to Rs 16,202 crore in Q4FY23, driven by higher refining margins and petrochemicals profits. The company also announced a special dividend of Rs 1,000 per share for the quarter.
  • ITC (positive): The company’s profit rose 20.5% YoY to Rs 4,225 crore in Q4FY23, driven by higher cigarette sales and other FMCG businesses. The company also announced a dividend of Rs 6 per share for the quarter.

Indian Stocks with Negative Sentiment on May 13, 2023

There were a few Indian stocks with negative sentiment on May 13, 2023. These included:

  • Wipro (negative): The company’s consolidated profit fell 1.7% YoY to Rs 2,541 crore in Q4FY23, driven by lower revenue and margins.
  • Adani Ports (negative): The company’s consolidated profit fell 12.6% YoY to Rs 1,724 crore in Q4FY23, driven by lower revenue and margins.
  • Larsen & Toubro (negative): The company’s consolidated profit fell 12.4% YoY to Rs 3,192 crore in Q4FY23, driven by lower revenue and margins.

Overall, the Indian stock market was positive on May 13, 2023, with several stocks seeing significant gains. However, there were a few stocks with negative sentiment, as well. Investors should carefully consider the risks and rewards before investing in any stock.

Title: Indian Stocks with Positive and Negative Sentiment on May 13, 2023