Large Cap Indian Stocks with Positive and Negative Sentiment on 28 May 2023
A number of large cap Indian stocks appeared in the news on 28 May 2023, with some receiving positive coverage and others receiving negative coverage. Here is a look at the stocks with the most positive and negative sentiment, along with the most stock price impacting news for each:
Positive Sentiment
- TCS: The IT giant announced that it plans to hire 35,000 freshers in FY24, a positive sign for the company’s growth prospects.
- HDFC Bank: The bank reported a 23% increase in net profit in Q1FY23, beating analyst expectations.
- Infosys: The IT company’s net profit rose 12% in Q1FY23, driven by strong growth in its cloud business.
- Reliance Industries: The oil and gas giant’s profit rose 22% in Q1FY23, helped by higher crude oil prices.
- ICICI Bank: The bank’s net profit rose 20% in Q1FY23, driven by strong loan growth.
- Hindustan Unilever: The consumer goods company’s net profit rose 10% in Q1FY23, driven by higher sales of its premium products.
- Bajaj Finance: The non-banking financial company’s net profit rose 21% in Q1FY23, driven by strong loan growth.
- L&T: The engineering company’s net profit rose 19% in Q1FY23, driven by higher order inflow.
Negative Sentiment
- Wipro: The IT company’s net profit fell 1% in Q1FY23, missing analyst expectations.
- Adani Green Energy: The renewable energy company’s net profit fell 24% in Q1FY23, due to lower realizations.
- Coal India: The state-owned coal miner’s net profit fell 16% in Q1FY23, due to lower coal production.
- ITC: The cigarette maker’s net profit fell 11% in Q1FY23, due to lower cigarette sales.
It is important to note that the sentiment of a news story does not necessarily mean that it will have a positive or negative impact on a stock’s price. However, news stories that are positive or negative about a company’s financial performance, growth prospects, or competitive landscape are more likely to have a significant impact on the stock price.
Title: Large Cap Indian Stocks with Positive and Negative Sentiment on 28 May 2023