MUMBAI Jan 30 India's Crompton Greaves Ltd 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)
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India's economic growth expectedly eased in the quarter through December, data showed on Monday, adding pressure on Prime Minister Narendra Modi's administration to expedite stalled reforms in the upcoming parliament session. Full Article