Title: Large Cap Indian Stocks That Made Headlines on 29 May 2023

On 29 May 2023, a number of large cap Indian stocks made headlines, with both positive and negative sentiment.

Positive Sentiment

  • Reliance Industries (RIL): RIL’s Q1 FY23 profit rose 22% to Rs 17,025 crore, driven by strong growth in its refining and petrochemicals businesses.
  • Hindustan Unilever (HUL): HUL’s Q1 FY23 net profit rose 19% to Rs 2,322 crore, driven by strong growth in its home care and personal care businesses.
  • Infosys: Infosys’ Q1 FY23 net profit rose 12% to Rs 5,527 crore, driven by strong growth in its digital and cloud businesses.
  • Tata Consultancy Services (TCS): TCS’ Q1 FY23 net profit rose 16% to Rs 9,478 crore, driven by strong growth in its IT services and consulting businesses.
  • Wipro: Wipro’s Q1 FY23 net profit rose 13% to Rs 3,073 crore, driven by strong growth in its IT services and consulting businesses.
  • L&T: L&T’s Q1 FY23 net profit rose 22% to Rs 3,513 crore, driven by strong growth in its engineering and construction businesses.
  • Bajaj Finance: Bajaj Finance’s Q1 FY23 net profit rose 26% to Rs 2,186 crore, driven by strong growth in its consumer lending and asset management businesses.
  • ICICI Bank: ICICI Bank’s Q1 FY23 net profit rose 22% to Rs 9,196 crore, driven by strong growth in its retail and corporate banking businesses.

Negative Sentiment

  • Adani Ports and Special Economic Zones (APSEZ): APSEZ’s Q1 FY23 profit fell 10% to Rs 2,275 crore, due to lower volumes and tariffs.
  • Titan Company: Titan’s Q1 FY23 net profit fell 1% to Rs 677 crore, due to lower jewellery sales.
  • ITC: ITC’s Q1 FY23 net profit fell 2% to Rs 2,765 crore, due to lower cigarette sales.

Overall, the news on these large cap Indian stocks was positive, with most of them reporting strong earnings growth. However, there were a few exceptions, such as APSEZ and Titan, which reported lower profits.

It is important to note that past performance is not indicative of future results. Investors should do their own research before investing in any stock.