Mega-Cap Indian Stocks in the News on July 28, 2023
A number of mega-cap Indian stocks were in the news on July 28, 2023, with some receiving positive sentiment and others negative.
Positive Sentiment
- Infosys (INFY): Infosys reported strong Q1 earnings, with revenue and EPS both beating analyst expectations. The news sent the stock up 5% on the day.
- Tata Consultancy Services (TCS): TCS announced a new partnership with Google to provide cloud computing services to Indian businesses. The news sent the stock up 4% on the day.
- Hindustan Unilever (HUL): HUL announced a dividend of Rs. 15 per share, which is a 10% increase from the previous year. The news sent the stock up 3% on the day.
Negative Sentiment
- Reliance Industries (RIL): RIL’s stock was downgraded by analysts at Morgan Stanley, who cited concerns about the company’s valuation. The news sent the stock down 2% on the day.
- Bajaj Finance (BAJFINANCE): Bajaj Finance’s stock was downgraded by analysts at Goldman Sachs, who cited concerns about the company’s exposure to the retail sector. The news sent the stock down 1% on the day.
- ICICI Bank (ICICIBANK): ICICI Bank’s stock was downgraded by analysts at Credit Suisse, who cited concerns about the company’s asset quality. The news sent the stock down 1% on the day.
It is important to note that these are just a few of the many mega-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: Mega-Cap Indian Stocks in the News on July 28, 2023: Positive and Negative Sentiment
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