Financial Daily
from THE HINDU group of publications
Tuesday, May 08, 2001
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Financial Daily from THE HINDU group of publications 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
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Related links: MRO-Tek income up at Rs 124.86 crore Comment on this article to BLFeedback@thehindu.co.in Send this article to Friends by E-Mail
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