BHEL, L&T fall; doubts rise over output data
Shares in power equipment maker Bharat Heavy Electricals Ltd and engineering and construction conglomerate Larsen & Toubro dropped amid expectations for weak February industrial output data due on Thursday.
April 09, 2012 / 14:11 IST
Shares in power equipment maker Bharat Heavy Electricals Ltd and engineering and construction conglomerate Larsen & Toubro dropped amid expectations for weak February industrial output data due on Thursday.
The notoriously volatile data was seen falling from the 6.8% year-on-year growth reported for January, according to traders, potentially to below 5%.The uncertainty about the data sparked a round of profit-taking in the two stocks after both recently outperformed the Nifty's gains of 0.5% last week.BHEL shares were down 3.5% after surging 6.4% last week.Meanwhile, Larsen & Toubro fell 2.7%, wiping the gains of 2.77% over the three trading sessions in last week's holiday-shortened period. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
