Havells India Slumps on Revenue Forecast Cut

Havells India shares fell 5.5 per cent, adding to a 6.9 per cent slump on Wednesday.

Havells India shares fell 5.5 per cent, adding to a 6.9 per cent slump on Wednesday.

The company cut its standalone revenue forecast to 12-14 per cent from 17-20 per cent, citing weak domestic demand - analysts said.

Significant pension liabilities are seen at its unit Sylvania due to drop in bond yields, analysts added.

Copyright Thomson Reuters 2014

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