Small Cap Indian Stocks with Positive and Negative News on 8 May 2023
On 8 May 2023, there were a number of small cap Indian stocks that appeared in the news. Some of these stocks had positive news, while others had negative news.
Positive News
- Astral Poly Technik: The company’s board of directors has approved a proposal to raise Rs. 500 crore through a mix of equity and debt. This is likely to have a positive impact on the stock price, as it will strengthen the company’s balance sheet and provide it with additional funds for growth.
- IndiaMART InterMESH: The company’s revenue grew by 28% year-on-year in the fourth quarter of FY23. This is likely to have a positive impact on the stock price, as it shows that the company is growing its business and generating more revenue.
- Strides Pharma Science: The company has received a USFDA approval for its generic version of the drug, Xeljanz. This is likely to have a positive impact on the stock price, as it will give the company access to a new market and generate additional revenue.
- Persistent Systems: The company has won a multi-million dollar contract from a leading global technology company. This is likely to have a positive impact on the stock price, as it shows that the company is winning new business and growing its customer base.
- Mindtree: The company has raised its revenue guidance for FY23. This is likely to have a positive impact on the stock price, as it shows that the company is confident in its ability to grow its business.
Negative News
- Aarti Industries: The company’s profit margins are expected to decline in the coming quarters due to rising input costs. This could have a negative impact on the stock price.
- Bharat Rasayan: The company has been facing regulatory challenges in the recent past. This could have a negative impact on the stock price.
- Emami: The company’s sales growth has slowed down in the recent quarters. This could have a negative impact on the stock price.
It is important to note that these are just a few of the small cap Indian stocks that appeared in the news on 8 May 2023. The sentiment of the news articles may change over time, and the impact of the news on the stock price may vary depending on the individual investor’s risk tolerance and investment objectives.
Title: Small Cap Indian Stocks with Positive and Negative News on 8 May 2023