Engineers India shares fall 10 pct; IDFC downgrades

Aug 13 2014, 12:29 IST
Comments 0
SummaryIDFC Securities downgrades the stock to "underperform" from "neutral", citing a sharp fall in margins.

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.

Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...