Bharat Heavy Electricals Ltd (BHEL.NS)
4 Sep 2015
** Slump in earnings of capital goods makers coupled with slow property market is raising fresh red flags over much anticipated recovery in capex
** Nomura downgrades Cummins India to "reduce' from "" citing expensive valuations
MUMBAI - The BSE Sensex and Nifty fell on Friday as weak results of industrial goods makers raised fresh concerns over a much-anticipated recovery in India's investment cycle and earnings growth, while caution also prevailed ahead of U.S. jobs data due later in the day.
MUMBAI, Aug 7 - Indian shares fell on Friday as weak results of industrial-goods makers raised fresh concerns over a much-anticipated recovery in India's investment cycle and earnings growth, while caution also prevailed ahead of U.S. jobs data due later in the day.
** State run Bharat Heavy Electricals falls 8 pct after its June-quarter profit declined by 82.5 percent
** Shares of India's Bharat Heavy Electricals Ltd fall 1.2 pct
MUMBAI - The BSE Sensex fell on Wednesday, dragged down by blue chips as caution prevailed ahead of the U.S. Federal Reserve's policy statement due later in the day that is expected to give direction on interest rates there.
** Bharat Heavy Electricals falls 1.2 pct ** Tamil Nadu Electricity Board scraps bids for the 1,320 MW Udangudi thermal power project - Times of India (http://bit.ly/1F1sIa3) ** It may take more than a year to finalise a new contractor - traders ** BHEL was lowest bidder for Udangudi project - analysts ** Implies there could be downside risks to estimates of 400 bln rupees of order inflows in FY15 - Citi ** BHEL officials were not immediately reachable for comment (Reuters