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

REUTERS SHOWCASE

Press Event

Press Event

Modi takes tea, but no questions, in first press event as PM.  Full Article 

Monetary Policy

Monetary Policy

Finance Minister Arun Jaitley favours interest rate cut - paper  Full Article 

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Reuters Poll

Reuters Poll

India's growth pace to pick up as reforms draw investment   Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

Reuters India Mobile

Reuters India Mobile

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