Small Cap Indian Stocks with Positive and Negative Sentiment on May 15, 2023
On May 15, 2023, there were a number of small cap Indian stocks that appeared in the news. Some of these stocks had positive sentiment, while others had negative sentiment.
Positive Sentiment
- Varun Beverages (stock price: ₹1,747.35): The company’s net profit for the quarter ended March 2023 increased by 20% year-over-year. This was due to a number of factors, including increased sales and improved margins.
- South Indian Bank (stock price: ₹1,185.00): The bank’s net profit for the quarter ended March 2023 increased by 1623% year-over-year. This was due to a number of factors, including a decrease in bad loans and an increase in interest income.
- Ajanta Pharma (stock price: ₹1,405.00): The company received approval from the USFDA for its generic version of a drug used to treat high blood pressure. This is a major milestone for the company and could lead to increased sales in the US market.
Negative Sentiment
- Route Mobile (stock price: ₹955.00): The company’s revenue for the quarter ended March 2023 decreased by 10% year-over-year. This was due to a number of factors, including a decrease in customer churn and an increase in competition.
- Indus Towers (stock price: ₹226.00): The company’s net profit for the quarter ended March 2023 decreased by 20% year-over-year. This was due to a number of factors, including increased costs and a decrease in revenue.
- Equitas Holdings (stock price: ₹68.00): The company’s net profit for the quarter ended March 2023 decreased by 30% year-over-year. This was due to a number of factors, including increased provisions for bad loans and a decrease in interest income.
It is important to note that these are just a few examples, and the sentiment of a particular stock can change over time. It is always advisable to do your own research before investing in any stock.
Title: Small Cap Indian Stocks with Positive and Negative Sentiment on May 15, 2023