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Havells India slumps on revenue forecast cut - analysts

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Reuters
Last Updated : Dec 11 2014 | 10:01 AM IST

Reuters Market Eye - Havells India Ltd falls 5.5 percent, adding to 6.9 percent slump on Wednesday.

Company cuts standalone revenue forecast to 12-14 percent from 17-20 percent, citing weak domestic demand - analysts.

Significant pension liabilities seen at unit Sylvania in due to drop in bond yields, analysts add.

(Reporting by Abhishek Vishnoi)

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First Published: Dec 11 2014 | 9:47 AM IST

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