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BHEL, L&T fall as doubts rise over output data

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Reuters Mumbai
Last Updated : Jan 21 2013 | 2:54 AM IST

Shares in power equipment maker Bharat Heavy Electricals Ltd (BHEL) and engineering and construction conglomerate Larsen & Toubro (L&T) dropped amid expectations for weak February industrial output data due on Thursday.

The notoriously volatile data was seen falling from the 6.8% year-on-year growth reported for January, according to traders, potentially to below 5%.

The uncertainty about the data sparked a round of profit-taking in the two stocks after both recently outperformed the Nifty's gains of 0.5% last week.

BHEL shares were down 3.5% after surging 6.4% last week.

Meanwhile, L&T fell 2.7%, wiping the gains of 2.77% over the three trading sessions in last week's holiday-shortened period.

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First Published: Apr 09 2012 | 2:05 PM IST

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