MUMBAI Crompton Greaves Ltd(CROM.NS) shares fell as much as 7.84 percent after posting a loss of 1.89 billion rupees in the quarter ended December.
Morgan Stanley said in a report the earnings miss was driven by weaker-than-expected trends in the international and domestic transmission and distribution business.
(Reporting by Abhishek Vishnoi and Manoj Dharra; Editing by Prateek Chatterjee)
Trending On Reuters
India's government and businesses are pushing for an interest rate cut next week even though data on Friday may show output is expanding faster than China's, in the latest sign of concerns that the figures are masking weaknesses in the economy. Full Article