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August 13, 2014
Engineers India shares fall 10%; IDFC downgrades Reuters Engineers India Ltd's shares fell as much as 10.3% after the company's net profit missed analysts' expectations on Wednesday. IDFC Securities downgraded 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 said.