Reuters logo
BUZZ-Indian firms with operations in Europe fall on Greek vote
July 6, 2015 / 4:05 AM / 2 years ago

BUZZ-Indian firms with operations in Europe fall on Greek vote

** Shares of Indian companies with exposure to or units in
Europe among top losers on the BSE
    ** Greek voters overwhelmingly rejected terms of a rescue
package 
    ** ECB to keep tight funding grip on Greek banks after 'no'
- sources 
    ** Companies that get at least more than a third of their
revenues from Europe fall: 
    Tata Steel             2.1 pct
    Motherson Sumi Systems     2 pct
    Havells India         1.4 pct
    Bharat Forge            3 pct
    Cox & Kings             5.5
    ** Some traders are worried that Greece default may lead to
working capital constraints and demand slowdown 
    ** Falls are temporary as Greece is almost discounted - fund
managers

 (RM: abhishek.vishnoi.thomsonreuters.com@reuters.net)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below