TOP CORPORATE NEWS-08 OCT 2014

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Dynamatic Technologies hits record high
Dynamatic Technologies has surged 8% to Rs 2,405, extending its previous day’s 5% rally on BSE, on reports that the company is expected to bag the biggest block of licences for manufacturing unmanned aerial vehicles (UAVs).


End of bull run for IT stocks, says Citi

If a report released by Citi Research is to be believed, run-up in IT services stocks is nearing its end. The strong outperformance of nearly 45% over the last two years as compared to the broad market makes these companies fully valued on a relative basis.

Infosys shares fall 5% on downgrade reports

Shares of IT services major Infosys fell five per cent in early trade today amid reports of stock downgrade.The company's stock plunged 4.88% to Rs 3,643.25 on the BSE.

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