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BHEL down over 7 percent after April-June earnings

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Reuters

Reuters Market Eye - Bharat Heavy Electricals Ltd falls 7.8 percent after April-June earnings lag estimates.

Citi warns earnings imply BHEL's backlog may have dipped below 1 trillion rupees (16.33 billion U.S. dollar) for the first time since April-June 2009.

Citi says BHEL might miss company's own sales and inflow targets in FY15.

(1 US dollar = 61.2500 rupee)

(Reporting by Abhishek Vishnoi)

 

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First Published: Aug 13 2014 | 11:38 AM IST

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