Crompton, Kirloskar Oil withstand selling pressure
Shares of engineering firms like Crompton Greaves and Kirloskar Oil Engines have managed to withstand the sell-off in second-line shares over the past couple of weeks.
By ET Bureau |
Shares of engineering firms like Crompton Greaves and Kirloskar Oil Engines have managed to withstand the sell-off in second-line shares over the past couple of weeks.
Dealers tracking the counters say that fund managers already holding shares in these companies have been topping up their exposure.
Disappointing quarterly numbers from Larsen & Toubro (L&T) is prompting many fund managers to cut exposure to that company and deploy the money in other companies in the sector with a better earnings visibility, they say.
Contributed by Apurv Gupta, Vijay Gurav & Shailesh Menon
Dealers tracking the counters say that fund managers already holding shares in these companies have been topping up their exposure.
Disappointing quarterly numbers from Larsen & Toubro (L&T) is prompting many fund managers to cut exposure to that company and deploy the money in other companies in the sector with a better earnings visibility, they say.
Contributed by Apurv Gupta, Vijay Gurav & Shailesh Menon
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