Indian Equities: A2Z, India Infoline, Koutons, Orient Green
India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, fell 32.92, or 0.2 percent, to 19,982.88 at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves and stock symbols are in parentheses.
India Infoline Ltd. (IIFL IN) advanced 1.1 percent to 83.25 rupees. About 1.4 percent of its shares changed hands in a single transaction on the Bombay Stock Exchange, according to Bloomberg data. Buyers and sellers weren’t immediately known.
Koutons Retail India Ltd. (KUTN IN) climbed 1.6 percent to 58.5 rupees, its highest in three weeks after eight days of gains. The menswear retailer and manufacturer is considering as much as a 15 percent stake sale to raise money to reduce its debt, the Economic Times reported, citing an unidentified person familiar with the development. Managing Director Bhupinder Singh Sawhney couldn’t immediately be reached at his office telephone for comment.
Orient Green Power Co. (OGPL IN) gained 3.4 percent to 30.3 rupees, its highest since Dec. 3. Goldman Sachs Investments Mauritius I Ltd. sold 8.42 million shares of the developer of renewable energy projects, according to data on the Bombay Stock Exchange and the National Stock Exchange.
Sun Pharmaceutical Industries Ltd. (SUNP IN), India’s largest drugmaker by market value, rose 5 percent to 452.95 rupees, the most in a year. The U.S. Court of Appeals for the Federal Circuit ruled in its favor in a case involving the cancer drug Eloxatin.
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