Reuters Market Eye - Engineers India Ltd's 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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