Reuters Market Eye - Bharat Heavy Electricals Ltd (BHEL.NS) falls about 8 percent after April-June earnings lag estimates.
Citi warned earnings imply BHEL’s backlog may have dipped below 1 trillion rupees (16.33 billion U.S. dollar) for the first time since April-June 2009.
Citi said BHEL might miss company’s own sales and inflow targets in FY15.
(1 US dollar = 61.2500 rupee)
Reporting by Abhishek Vishnoi