Wednesday, 9 July 2014
· IndusInd Bank turns volatile after Q1 earnings
IndusInd
Bank lost 0.28% after net profit surged 25.74% to Rs 421.06 crore on 20.6%
growth in total income to Rs 2873.68 crore in Q1 June 2014 over Q1 June 2013.
· Indiabulls Real Estate rises after large bulk deal
Indiabulls
Real Estate rose 0.89% after 2.29% equity changed hands in a bulk deal on BSE
today, 9 2014. July
· Petronet LNG slips 6%, Barclays downgrades to underweight
Shares of
Petronet LNG fell as much as 5.9 percent. Barclays has downgraded the stock to
underweight from equal weight with an unchanged target price of Rs 150 as
valuations are rich and the shares appear over-owned by foreign investors.
· ITC gains as foreign brokerage maintains outperform
rating
ITC rose
1.7% to Rs 341.50 after foreign brokerages maintained outperform rating on the
stock with a target of Rs 400.
