BHEL FY08Q4 Results below market estimate
April 9th, 2008
State owned BHEL which came out with the results on Thursday April 3, 2008. Has reported an q4 results below market expatiations
After the company announced the results the share price fell more than Rs 100 on stock exchanges.
But the market news is that the company has long order book and the fall in this quarter margins was due to provisioning of wages.