India’s Bombay Stock Exchange Sensitive Index, or Sensex, rose 372.15, or 1.9 percent, to 19,957.59 as of the 3:30 p.m. close in Mumbai, its biggest gain since Nov. 4. Shares of the following companies had unusual moves in Indian trading and stock symbols are in parentheses.
Amtek India Ltd. (AMTI IN), an auto-parts maker, slid 1.2 percent to 64.50 rupees, the most since Nov. 8. About 3.9 percent of its equity changed hands in multiple block trades, according to data compiled by Bloomberg. Buyers and sellers weren’t immediately known.
Bafna Pharmaceuticals Ltd. (BFNA IN), a maker of drugs to treat diabetes and hypertension, rose 1.6 percent to 47.8 rupees, the most since Nov. 11. The company’s anti-hypertension drug got U.K. approval.
Lanco Infratech Ltd. (LANCI IN) rose 2.1 percent to 65.35 rupees, its highest close since Oct. 27. The government has selected seven companies including Lanco, Reliance Power Ltd. (RPWR IN) and KVK Energy & Infrastructure Pvt. Ltd. to build 470 megawatt of solar power capacity, the Financial Express reported, without saying how it got the information. The project involves investment of 70 billion rupees ($1.55 billion), the newspaper said. L. Madhusudan Rao, chairman of Lanco Infratech, didn’t immediately answer calls to his office.
Reliance Power rose 2.1 percent to 170.95 rupees, the most since Nov. 11. J. P. Chalasani, chief executive officer, could not immediately be reached on his office phone.
Murli Industries Ltd. (MRLI IN), a manufacturer of paper, animal feed, and edible oils, rallied 20 percent to 92.9 rupees, set for its biggest gain since Jan. 12. Cemex SAB de CV, the largest cement maker in the Americas, is close to buying the cement business of Murli Industries for about $550 million, the Economic Times reported, citing a person involved in the negotiations. Shobhagmal Maloo, chairman of Murli Industries, was not immediately available for comment at his office.
Reliance Industries Ltd. (RIL IN) advanced 1.6 percent to 1,012.25 rupees,its biggest gain since Nov. 4. The nation’s biggest company by market value on Nov. 19 said it restarted one of its crude distillation units and a coker at its Jamnagar refinery on Nov. 17. Both units, shut for maintenance in the last week of October, are operating satisfactorily, Reliance said.
Tata Power Ltd. (TPWR IN) gained 2.7 percent to 1,347.75 rupees, the most since Oct. 21. The nation’s biggest power generator outside state control plans to invest about 50 billion rupees in wind energy, the Press Trust of India reported yesterday, citing Banmali Agrawala, executive director of strategy and business development.
Agrawala could not be immediately reached on his office phone.
Tecpro Systems Ltd. (TPRO IN) rallied 3.9 percent, the most since Nov. 1, to 401.55 rupees. The engineering company won orders worth 2.69 billion rupees.
Unitech Ltd. (UT IN) gained 2.7 percent to 69.7 rupees, set for its biggest gain since Nov. 3. Telenor ASA said no wrong- doings were committed when it obtained a mobile phone license for its Indian division Uninor, NTB reported yesterday, citing spokesman Glenn Mandelid. Unitech is a partner in the Uninor venture.
Valecha Engineering Ltd. (VLCE IN), a construction company, rose 2.5 percent to 184.3 rupees, the most in a week. It reported new orders worth 600 million rupees.
Zensar Technologies Ltd. (ZENT IN) jumped 2.8 percent to 161.45 rupees, its biggest gain since Sep. 6. The software maker’s unit agreed to buy U.S.-based PSI Holdings Group Inc. and units, Zensar said in a statement to the Bombay Stock Exchange today. Financial details weren’t disclosed.
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