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HindustanTimes Tue,16 Sep 2014

Engineers India shares fall 10%; IDFC downgrades

Reuters   August 13, 2014
First Published: 12:35 IST(13/8/2014) | Last Updated: 12:37 IST(13/8/2014)

Engineers India shares fall 10%; IDFC downgrades

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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.


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