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Havells India falls; depreciation, taxes weigh on earnings

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Reuters
Last Updated : Jul 28 2014 | 3:25 PM IST

Reuters Market Eye - Havells India Ltd falls 1.9 percent after April-June net profit lags estimates.

Additional depreciation due to changes in Companies Act and expiry of certain tax exemptions weighed on earnings, traders say.

(Reporting by Abhishek Vishnoi)

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First Published: Jul 28 2014 | 3:14 PM IST

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