Ansal Properties, Hindustan Petroleum, Emami, MARG: India Equity Preview

The following companies may have unusual price changes in India trading. Stock symbols are in parentheses and share prices are as of the last close.

The Bombay Stock Exchange Sensitive Index, or Sensex, rose 243.06, or 1.4 percent, to 17,935.68. The S&P CNX Nifty Index on the National Stock Exchange increased 1.5 percent to 5,368.40. The BSE 200 Index gained 1.4 percent to 2,247.48. SGX S&P CNX Nifty Index futures for April delivery rose 0.3 percent to 5,380 at 10:37 a.m. in Singapore today.

Ansal Properties & Infrastructure Ltd. (APIL IN): The real estate company's statutory auditor S.R. Batliboy & Associates resigned on March 31, it said in a statement to the National Stock Exchange. The company has proposed the name of S.S. Kothari & Co. as the new auditor, it said. The shares rose 1.9 percent to 74 rupees.

Emami Ltd. (HMN IN): The skincare cream maker said it was interested in acquisitions in pharmaceuticals and the fast moving consumer goods business in India, according to a statement to the Bombay Stock Exchange. The shares rose 8.5 percent to 681.9 rupees.

Hindustan Petroleum Corp. (HPCL IN): The nation's third- largest state refiner may shut a crude distillation unit at its refinery in Mumbai by next week as part of a plan to expand capacity, refineries director K. Murali said in a phone interview. The shares fell 2 percent to 309.75 rupees.

ITI Ltd. (ITI IN): The state-run maker of telephones, digital radio and optical fiber equipment failed to find buyers for three plants put up for sale by the government, the Economic Times reported, citing Ravi Agrawal, company's production director. The shares rose 1.9 percent to 48 rupees.

MARG Ltd. (MRGC IN): The infrastructure development company's unit, Karaikal Port, got 1.5 billion rupees ($33.8 million) of investment from India Infrastructure Fund, the company said in an e-mailed statement. The shares rose 1.2 percent to 185.5 rupees.

Nu Tek India Ltd. (NTKL IN): The telecommunications- infrastructure services provider plans to raise funds and set up a European unit to explore new business opportunities, it said in a statement to the Bombay Stock Exchange. The shares rose 5 percent to 34.9 rupees.

Persistent Systems Ltd. (PSYS IN): The shares of the software company will begin trading in Mumbai today. The company raised 1.68 billion rupees selling 5.42 million shares at 310 rupees a piece in its initial public offer, which got demand for 504.9 million shares.

Petronet LNG Ltd. (PLNG IN): The nation's biggest buyer of liquefied natural gas is in talks with countries including Qatar for additional supply of gas for its terminal in Kochi, the Business Standard reported, citing a company official it didn't identify. The shares increased 1.5 percent to 80.25 rupees.

Shiva Fertilizers Ltd. (SVFT IN): The fertilizer maker's stake in Kirtiman Agro Genetics Ltd. was reduced to 51.4 percent after allotment of equity shares by Kirtiman Agro to others, the company said in a statement to the Bombay Stock Exchange. The shares rose 4.2 percent to 40.85 rupees.

SpiceJet Ltd. (SJET IN): Religare Voyages Ltd. may soon buy a majority stake in the low-cost airline, the Daily News & Analysis reported, citing people it didn't identify. Religare may pay between 70 and 75 rupees a share for SpiceJet, the newspaper reported. The shares fell 1.6 percent to 56.95 rupees.

To contact the reporter on this story: Abhishek Shanker in Mumbai at

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