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BHEL down about 8 percent after April-June earnings

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Reuters
Last Updated : Aug 13 2014 | 1:35 PM IST

Reuters Market Eye - Bharat Heavy Electricals Ltd falls about 8 percent after April-June earnings lag estimates.

Citi warned earnings imply BHEL's backlog may have dipped below 1 trillion rupees (16.33 billion U.S. dollar) for the first time since April-June 2009.

Citi said BHEL might miss company's own sales and inflow targets in FY15.

(1 US dollar = 61.2500 rupee)

(Reporting by Abhishek Vishnoi)

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First Published: Aug 13 2014 | 1:28 PM IST

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