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MARKET EYE-Indian shares down, BHEL extends fall
February 5, 2013 / 4:57 AM / 5 years ago

MARKET EYE-Indian shares down, BHEL extends fall

*  The BSE index falls 0.38 percent, and the 50-share
NSE index also down 0.4 percent.
* Jain Irrigation Systems Ltd fall 8.6 percent a day
after the company reported a net loss of 311.7 million rupees in
December quarter. 
* Jain Irrigation's business model has been "plagued" with two
key issues over 12-18 months such as delayed government
receivables and increasing leverage, brokerage IDFC said in a
* Jubilant Foodworks Ltd shares fall 7.8 percent,
after its December quarter same store sales grew by 16 percent
versus expectations of 20 percent. 
* Bharat Heavy Electricals shares down 2.6 percent,
extending fall after its October-December earnings on Friday
disappointed investors. 
* However, Oil and Natural Gas Corp Ltd shares gain
0.6 percent after Morgan Stanley raised its rating to
"overweight" from "equalweight", citing benefits from the recent
government reforms on fuel prices. 


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