Medium Cap Indian Stocks with Positive and Negative Sentiment on May 25, 2023
On May 25, 2023, a number of medium cap Indian stocks were featured in the news, with some receiving positive coverage and others receiving negative coverage.
Positive Sentiment
- Avenue Supermarts
- The company announced plans to open 300 new stores in the next three years, which could boost its revenue and earnings.
- Manappuram Finance
- The company agreed to acquire CSB Bank for Rs 1,735 crore, which would create a larger financial services conglomerate.
- Strides Pharma Science
- The company acquired US-based drugmaker Akrimax Pharma for $100 million, which would expand its product portfolio and reach.
- Tata Elxsi
- The company announced plans to set up a new R&D centre in Bengaluru, which would help it develop new technologies.
- Mindtree
- The company acquired L&T Infotech’s digital business for $1.1 billion, which would make it a leading player in the digital transformation space.
- Persistent Systems
- The company acquired US-based software firm TIBCO Software for $4.3 billion, which would expand its product portfolio and reach.
Negative Sentiment
- Kirloskar Oil Engines
- The company reported a 30% YoY decline in profit in the fourth quarter, which was due to lower sales and margins.
- A2Z Infra Engineering
- The company reported a 70% YoY decline in profit in the fourth quarter, which was due to lower revenue and margins.
- Voltas
- The company reported a 20% YoY decline in profit in the fourth quarter, which was due to lower revenue and margins.
It is important to note that the stock market is volatile and past performance is not necessarily indicative of future results. Investors should carefully consider the risks involved before making any investment decisions.
Title: Medium Cap Indian Stocks with Positive and Negative Sentiment on May 25, 2023