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

Health Reforms

REUTERS SHOWCASE

Record Highs

Record Highs

Nifty touches record high; software stocks gain.  Full Article 

New Adviser

New Adviser

Arvind Subramanian likely to be chief econ adviser.  Full Article 

Pricing Mechanism

Pricing Mechanism

Govt sets up a four-member panel to re-examine gas pricing.  Full Article 

Royalty Rates

Royalty Rates

India to hike iron ore royalty, miners may struggle to pass on extra cost.  Full Article 

Diesel Deregulation

Diesel Deregulation

Oil ministry to seek Cabinet nod on diesel deregulation - sources  Full Article 

Commodities

Commodities

Gold near two-month low; set for weekly drop on interest rate fears  Full Article 

Reuters Exclusive

Reuters Exclusive

Apple iPhone 6 screen snag leaves supply chain scrambling   Full Article 

Helping Regional Mills

Helping Regional Mills

Govt raises sugar import duty to 25 pct from 15 pct.  Full Article 

Curbing Risks

Curbing Risks

RBI to lower ceiling on bank loans to a single corporate group.  Full Article 

Reuters India Mobile

Reuters India Mobile

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