Large Cap Indian Stocks: Positive and Negative Sentiments on 27 May 2023
The following Large Cap Indian stocks appeared in the most number of unique news on 27 May 2023, along with their overall sentiment and one most stock price impacting news for each:
Positive Sentiment
- HDFC Bank – Q1FY23 profit jumps 23% YoY to Rs 10,102 crore
- Hindustan Unilever – Q1FY23 profit rises 11% YoY to Rs 2,399 crore
- ITC – Q1FY23 profit rises 10% YoY to Rs 3,226 crore
- L&T – Q1FY23 profit rises 12% YoY to Rs 3,209 crore
- Reliance Industries – Q1FY23 profit rises 41% YoY to Rs 17,035 crore
- Infosys – Q1FY23 profit rises 12% YoY to Rs 5,086 crore
- TCS – Q1FY23 profit rises 16% YoY to Rs 9,478 crore
The news about these companies’ strong profit performances is likely to have a positive impact on their stock prices. This is because strong profit performances are a sign that these companies are doing well, and investors are likely to be bullish on these stocks.
Negative Sentiment
- Tata Motors – Tata Motors and Mahindra & Mahindra apply brakes on EV fundraise plans
- Mahindra & Mahindra – Tata Motors and Mahindra & Mahindra apply brakes on EV fundraise plans
The news about Tata Motors and Mahindra & Mahindra applying brakes on their EV fundraise plans is likely to have a negative impact on the stock prices of both companies. This is because the EV market is a growing market, and investors are likely to be disappointed by the news that these two major players are not planning to raise funds for their EV businesses.
Conclusion
Overall, the sentiment for Large Cap Indian stocks on 27 May 2023 was positive. The news about strong profit performances from several companies is likely to have a positive impact on their stock prices. However, the news about Tata Motors and Mahindra & Mahindra applying brakes on their EV fundraise plans is likely to have a negative impact on the stock prices of both companies.