BHEL Shares Decline After Disappointing Q3 Results
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Shares of Bharat Heavy Electricals Ltd. declined in trade on Monday after the company’s third quarter results missed estimates.”BHEL reported a disappointing print, much below estimates. Gross profit declined 12% year-on-year on a combination of weak execution and declining year-on-year/quarter-on-quarter gross margin,” Kotak Institutional Equities said, in a note.Nomura estimated a revenue of Rs 5,390.6 crore in the quarter ended De…
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