MUMBAI Crompton Greaves Ltd(CROM.NS) shares fell as much as 7.84 percent after posting a loss of 1.89 billion rupees in the quarter ended December.
Morgan Stanley said in a report the earnings miss was driven by weaker-than-expected trends in the international and domestic transmission and distribution business.
(Reporting by Abhishek Vishnoi and Manoj Dharra; Editing by Prateek Chatterjee)
Trending On Reuters
Four state-run banks reported a spike in bad loans and provisions for sour debt on Tuesday after a clean-up exercise ordered by their regulator, sending three of them to net losses for the fiscal third quarter. Full Article