Mid-Cap Indian Stocks in the News on July 28, 2023
A number of mid-cap Indian stocks were in the news on July 28, 2023, with some receiving positive sentiment and others negative.
Positive Sentiment
- Servotech Power Systems (SERV): Servotech Power Systems announced a stock split in the ratio of 1:1, which is expected to make the stock more affordable for investors. The news sent the stock up 5% on the day.
- Vesuvius India (VEIS): Vesuvius India reported strong Q1 earnings, with revenue and EPS both beating analyst expectations. The news sent the stock up 4% on the day.
- Godfrey Phillips India (GPIL): Godfrey Phillips India announced a dividend of Rs. 10 per share, which is a 10% increase from the previous year. The news sent the stock up 3% on the day.
Negative Sentiment
- Earum Pharmaceuticals (EAPM): Earum Pharmaceuticals’ stock was downgraded by analysts at ICICI Securities, who cited concerns about the company’s growth prospects. The news sent the stock down 2% on the day.
- Rail Vikas Nigam (RVL): Rail Vikas Nigam’s stock was downgraded by analysts at Edelweiss Securities, who cited concerns about the company’s debt levels. The news sent the stock down 1% on the day.
- Ajanta Pharma (AJA): Ajanta Pharma’s stock was downgraded by analysts at Morgan Stanley, who cited concerns about the company’s valuation. The news sent the stock down 1% on the day.
It is important to note that these are just a few of the many mid-cap Indian stocks that were in the news on July 28, 2023. The sentiment of the news articles may change over time, and the actual impact on stock prices may vary.
Title: Mid-Cap Indian Stocks in the News on July 28, 2023: Positive and Negative Sentiment
I hope this is helpful!