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Engineers India shares fall 10 pct; IDFC downgrades
August 13, 2014 / 4:43 AM / 3 years ago

Engineers India shares fall 10 pct; IDFC downgrades

Reuters Market Eye - Engineers India Ltd’s (ENGI.NS) shares fall as much as 10.3 percent after the company’s net profit missed analysts’ expectations.

    IDFC Securities downgrades the stock to “underperform” from “neutral”, citing a sharp fall in margins.

    “Visibility of pick-up in order finalizations over the next 2-3 quarters has deteriorated, with no large order in pipeline,” IDFC says.

    indulal.p@thomsonreuters.com/indulal.p.thomsonreuters.com@reuters.net

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