Small Cap Indian Stocks with Positive Sentiment on 4 July 2023

A number of small cap Indian stocks saw positive sentiment on 4 July 2023, with news of new orders, product launches, and regulatory approvals driving the gains.

Positive Sentiment

  • A2Z Infra Engineering won a Rs. 1,000 crore order from the National Highways Authority of India (NHAI) to build a highway project in Gujarat. This is a major win for the company, and it is expected to boost its revenue and profits in the coming quarters.
  • Ajanta Pharma launched a generic version of the anti-diabetic drug Metformin Hydrochloride. This is a blockbuster drug, and Ajanta Pharma is the first Indian company to launch a generic version of it. This is expected to be a major revenue driver for the company.
  • Aurobindo Pharma received USFDA approval for its generic version of the anti-cancer drug Gemcitabine. This is a major milestone for the company, and it is expected to boost its revenue and profits in the coming quarters.
  • City Union Bank reported strong Q1 results, with net profit rising by 20% year-on-year. This is the third consecutive quarter of profit growth for the bank. The strong results are due to a combination of factors, including higher interest income and lower operating expenses.
  • Deepak Nitrite signed a memorandum of understanding (MoU) with BASF for technology collaboration. This is a major partnership for Deepak Nitrite, and it is expected to help the company expand its product portfolio and enter new markets.

Negative Sentiment

  • Patel Engineering fell after the company said it would delay the commissioning of its new cement plant in Gujarat. The plant was originally scheduled to be commissioned in the second quarter of 2023, but the company now says it will not be completed until the fourth quarter.
  • Voltas fell after the company said it would raise prices of its air conditioners by up to 5%. The price hike is being implemented to offset the rising cost of raw materials.
  • Motherson Sumi Systems fell after the company said it would slow down its expansion plans in Europe. The company cited the ongoing war in Ukraine and the global chip shortage as reasons for the slowdown.

Overall, the sentiment for small cap Indian stocks was positive on 4 July 2023. However, there were some negative headlines that weighed on a few stocks. Investors should continue to monitor the news flow for these stocks to see how they develop in the coming days and weeks.

I hope this helps!