Wednesday, August 13, 2014

BHEL down about 8 percent after April-June earnings

Bharat Heavy Electricals Ltd (BHEL.NS) 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. ref: http://in.reuters.com/article/2014/08/13/bhel-earnings-idINKBN0GD08520140813

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