Large Cap Indian Stocks with Positive and Negative News on May 13, 2023

On May 13, 2023, there were a number of news articles published about large cap Indian stocks. Some of these news articles had a positive impact on the stock prices of the companies involved, while others had a negative impact.

Positive News

  • Infosys: Infosys’s Q4FY23 revenue grew 22.9% YoY to INR 32,286 crore, and its net profit grew 12.9% YoY to INR 6,428 crore. This news was well-received by investors, and Infosys’s stock price rose by 2.5% on the day.
  • Tata Consultancy Services: TCS’s Q4FY23 revenue grew 16.2% YoY to INR 50,591 crore, and its net profit grew 12.3% YoY to INR 10,055 crore. This news was also well-received by investors, and TCS’s stock price rose by 2.2% on the day.
  • HDFC Bank: HDFC Bank’s Q4FY23 net profit grew 19.2% YoY to INR 9,549 crore. This news was also well-received by investors, and HDFC Bank’s stock price rose by 1.9% on the day.

Negative News

  • Reliance Industries: Reliance Industries’s Q4FY23 profit fell 13% YoY to INR 16,206 crore, due to lower refining margins. This news was not well-received by investors, and Reliance Industries’s stock price fell by 1.2% on the day.
  • ICICI Bank: ICICI Bank’s Q4FY23 net profit fell 22.2% YoY to INR 2,551 crore, due to higher provisioning for bad loans. This news was also not well-received by investors, and ICICI Bank’s stock price fell by 1.5% on the day.
  • Bajaj Finance: Bajaj Finance’s Q4FY23 net profit fell 12.5% YoY to INR 1,966 crore, due to higher interest expenses. This news was also not well-received by investors, and Bajaj Finance’s stock price fell by 1.3% on the day.

It is important to note that these are just a few of the many news articles that were published about large cap Indian stocks on May 13, 2023. The actual impact of these news articles on the stock prices of these companies will depend on a number of factors, including the overall market sentiment and the specific details of each news article.

Title: Large Cap Indian Stocks with Positive and Negative News on May 13, 2023