Business Standard

BHEL down around 8 percent after April-June earnings

Image

Reuters

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

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

(1 US dollar = 61.2500 rupee)

(Reporting by Abhishek Vishnoi)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 13 2014 | 1:10 PM IST

Explore News