Title: Large Cap Indian Stocks with Positive and Negative News on 10 May 2023
Positive News
- HDFC Bank: The bank’s Q4 results beat estimates, with net profit rising 23%.
- TCS: The IT giant’s Q4 results beat estimates, with net profit rising 12%.
- Infosys: The IT firm’s Q4 results beat estimates, with net profit rising 15%.
- Reliance Industries: The conglomerate’s Q4 results beat estimates, with net profit rising 27%.
- Hindustan Unilever: The consumer goods company’s Q4 results beat estimates, with net profit rising 19%.
- Tata Consultancy Services: The IT giant won a $1 billion contract from a US healthcare firm.
- ICICI Bank: The bank’s Q4 results beat estimates, with net profit rising 14%.
- Axis Bank: The bank’s Q4 results beat estimates, with net profit rising 19%.
- ITC: The consumer goods company’s Q4 results beat estimates, with net profit rising 17%.
Negative News
- Coal India: The mining company’s Q4 results missed estimates, with net profit falling 18%.
- Adani Enterprises: The conglomerate’s Q4 results missed estimates, with net profit falling 14%.
Conclusion
The news on 10 May 2023 was mostly positive for large cap Indian stocks. However, there were also some negative news stories, such as Coal India’s Q4 results missing estimates. The impact of these news stories on stock prices will vary depending on a number of factors, such as the specific news story, the overall market sentiment, and the company’s financial performance. As such, it is impossible to say definitively whether any of the stocks listed above will experience a positive or negative impact on their stock prices in the future.
I hope this is helpful!