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HDFC Bank, Piramal Healthcare, Peninsula Land, Tata: 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, fell 185.76, or 0.9 percent, to 19,983.13. The S&P CNX Nifty Index on the National Stock Exchange declined 0.8 percent to 6,027.30. The BSE 200 Index slid 0.7 percent to 2,545.18.

HDFC Bank Ltd. (HDFCB IN): India’s third-largest bank by market value had second-quarter profit of 9.12 billion rupees, according to a statement sent to the Bombay Stock Exchange. The shares fell 1.2 percent to 2,368.85 rupees.

Piramal Healthcare Ltd. (PIHC IN): The Indian drugmaker’s board will consider on Oct. 22 a proposal to buy back shares of the company, according to a statement on the Bombay Stock Exchange. Piramal added 1.7 percent to 539.40 rupees.

Peninsula Land Ltd. (PENL IN): The Indian real-estate developer backed by Franklin Templeton Investments and Samira Habitats, a Mumbai builder, will develop a coastal township near the city to tap demand from the nation’s wealthy. Peninsular fell 0.8 percent to 65.75 rupees.

Tata Teleservices Maharashtra Ltd. (TTLS IN): The phone service provider was rated “sell” at Religare Capital Markets by equity analyst Rumit Dugar, who initiated coverage on the stock. The shares slid 0.8 percent to 24.3 rupees.

To contact the reporters on this story: Pooja Thakur in Mumbai at pthakur@bloomberg.net

To contact the editor responsible for this story: Linus Chua at lchua@bloomberg.net

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