Medium Cap Indian Stocks: Positive and Negative News on 11 May 2023
On 11 May 2023, there were a number of news articles published about medium cap Indian stocks. Some of these articles were positive, while others were negative.
Positive news:
- Geojit Financial Services: Geojit Financial Services was included in the MSCI India Small Cap Index, which could lead to increased demand for the stock.
- Marico: Marico’s revenue and profit grew in the fourth quarter of FY23, beating analyst expectations.
- Avenue Supermarts: Avenue Supermarts’ quarterly profit grew 22%, driven by strong sales growth.
Negative news:
- Chola Investment Finance: Chola Investment Finance’s profit fell 30% in the fourth quarter of FY23, due to higher interest costs and lower fee income.
- Page Industries: Page Industries’ profit fell 10% in the fourth quarter of FY23, due to lower sales volume and higher raw material costs.
It is important to note that these are just a few of the medium cap Indian stocks that appeared in news on 11 May 2023, and the sentiment of these news articles may not necessarily be indicative of the future stock price of these companies. Investors should do their own research before making any investment decisions.
Title: Medium Cap Indian Stocks: What the News Says
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