MARKET EYE-Indian shares fall; Tata Motors, DLF, Dr Reddy's hit

Fri Feb 15, 2013 10:25am IST

Related Topics

Stocks

   

* The BSE index is down 0.38 percent and the 50-share
NSE index falls 0.45 percent.  
* Tata Motors shares fall 1.5 percent a day after the
company said its October-December earnings fell 52 percent to
$303 million. 
* Shares in DLF Ltd fell as much as 3.6 percent a day
after India's largest listed real estate developer reported a
net profit of 2.85 billion rupees, which missed market
expectations. 
* Dr. Reddy's Laboratories , India's No.2
drugmaker by sales, reported a larger-than-expected 29.2 percent
drop in quarterly net profit as sales in its key North America
market remained muted. 
* Bank of America Merrill Lynch downgraded its rating on Dr.
Reddy's Laboratories Ltd to "neutral" from "buy". The
shares were down 1.95 percent at 1837.85 rupees. 
* With Q3 earnings season almost over, traders speculate over
whether the budget would be populist or pragmatic, in the
backdrop of increasing deficit.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.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

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 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Microsoft Earnings

Microsoft Earnings

Microsoft sales beat Street hopes, cloud profits up.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

U.S. Economy

U.S. Economy

Spectre of no-inflation world looms over Fed's return to normal  Full Article 

Insider Trading

Insider Trading

Rengan Rajaratnam, SEC to settle civil insider trading charge.  Full Article 

Market Watch

Market Watch

Betting on the beaten up? Investors pin hopes on stocks in Europe, Japan.  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

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