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Tuesday, May 08, 2001

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MRO-Tek: Steep cut in revenue targets

THE indications by MRO-Tek that its revenues would be sharply lower for 2001-02 may lead to sluggish trends in the stock price.

The stock has been on a steady downtrend in recent months. The top management has indicated that revenues would be lower by around 57 per cent due to slowdown in and deferral of orders, especially of networking equipment. Though this is expected to be of fset by opportunities in the national long distance telephony operators, concerns over likely growth in revenues and earnings may lead to flat trends in the stock price. -- BL Research Bureau

Related links:
MRO-Tek income up at Rs 124.86 crore

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