MARKET EYE-Indian shares down, BHEL extends fall

Tue Feb 5, 2013 10:26am IST

Related Topics

Stocks

   

*  The BSE index falls 0.38 percent, and the 50-share
NSE index also down 0.4 percent.
* Jain Irrigation Systems Ltd fall 8.6 percent a day
after the company reported a net loss of 311.7 million rupees in
December quarter. 
* Jain Irrigation's business model has been "plagued" with two
key issues over 12-18 months such as delayed government
receivables and increasing leverage, brokerage IDFC said in a
note.    
* Jubilant Foodworks Ltd shares fall 7.8 percent,
after its December quarter same store sales grew by 16 percent
versus expectations of 20 percent. 
* Bharat Heavy Electricals shares down 2.6 percent,
extending fall after its October-December earnings on Friday
disappointed investors. 
* However, Oil and Natural Gas Corp Ltd shares gain
0.6 percent after Morgan Stanley raised its rating to
"overweight" from "equalweight", citing benefits from the recent
government reforms on fuel prices. 
    

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

India-Nepal Ties

REUTERS SHOWCASE

Facebook Results

Facebook Results

Facebook beats Wall Street targets, stock hits record high  Full Article 

Gm Recall

Gm Recall

GM recalls 717,950 vehicles in U.S., not for ignition switches  Full Article 

Factory Sector

Factory Sector

China July HSBC flash PMI at 18-month high of 52.0   Full Article 

Breakingviews

Breakingviews

Apple winds up earnings hope for new gadgets  Full Article 

BRICS Bank

BRICS Bank

World Bank chief welcomes new BRICS development bank.  Full Article 

Streamlining Operations

Jet Streamlines

Jet Airways chairman says looking to restructure debts, talking to bankers  Full Article 

Political Economy

Political Economy

Analysis - Watch what markets don't do as world politics turns nasty   Full Article 

Honda's India Thrust

Honda's India Thrust

Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec   Full Article 

 Boosting Output

Boosting Output

NMDC plans to boost iron ore output by two-thirds  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage