TOP CORPORATE NEWS

·       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.