Medium Cap Indian Stocks with Positive and Negative News on 26 May 2023
On 26 May 2023, there were a number of medium cap Indian stocks that appeared in the news. Some of these stocks received positive news, while others received negative news.
Positive News
- Varun Beverages Ltd: This company, which manufactures and sells beverages, received a credit rating upgrade from ICRA. This is likely to boost investor confidence in the company and could lead to an increase in its stock price.
- Cummins India Ltd: This company, which manufactures and sells diesel engines, received an order worth $100 million from a foreign customer. This is likely to boost the company’s revenue and profits, and could lead to an increase in its stock price.
Negative News
- Zee Entertainment Enterprises Ltd: This media company’s board rejected Invesco’s request to appoint two independent directors. This is likely to further escalate the conflict between Zee Entertainment Enterprises Ltd and Invesco, and could lead to a decline in the company’s stock price.
- Vodafone Idea Ltd: This telecom company’s debt rose to Rs 1.9 trillion. This is a significant increase from the company’s debt of Rs 1.6 trillion in 2022, and could put a strain on Vodafone Idea Ltd’s finances.
It is important to note that these are just a few of the medium cap Indian stocks that appeared in the news on 26 May 2023. The sentiment of these articles may change over time, and the impact of these news on the stock prices of these companies may also vary.
Title: Medium Cap Indian Stocks with Positive and Negative News on 26 May 2023
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