Aban Offshore drops 2.5 percent to 357.40 rupees
after reporting net profit in the Jan-March quarter fell to
805.3 million Indian rupees ($14.35 million) from a year ago. Macquarie downgrades the operator and provider of ships,
vessels, and rigs to "underperform" from "neutral" and cut its
target price to 320 rupees from 473 rupees, citing Q4 results,
"high-risk exposure" to Iran and debt issues as main reasons.
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