Indian Equities: Asian Hotels, GHCL, KPIT Cummins Infosystems
The Bombay Stock Exchange’s Sensitive Index, or Sensex, was little changed at 20,025.42 at the 3:30 p.m. close of trading in Mumbai. Shares of the following companies had unusual moves and stock symbols are in parentheses.
Asian Hotels (North) Ltd. (AHOT IN) fell 1.6 percent to 269.1 rupees. About 395,249 shares, or 3.5 percent of its equity, changed hands in a single transaction on the National Stock Exchange, according to Bloomberg data. Buyers and sellers weren’t immediately known.
GHCL Ltd. (GHCL IN) gained 2.3 percent to 46.2 rupees, the most since Dec. 1. The chemical maker yesterday said in a statement to the Bombay Stock Exchange that it raised the price of soda ash by 1,210 rupees a metric ton to counter an increase in raw material costs.
KPIT Cummins Infosystems Ltd. (KPIT IN) increased 4.7 percent to 141.85 rupees, the most in almost two months. The software maker was rated “buy” in new coverage at Angel Broking Ltd. The company’s growth of revenue and profitability is expected to outpace that of its peers, the brokerage said in a note to clients today. It also set a price estimate of 164 rupees on the stock.
To contact the editor responsible for this story: Stephen Foxwell at at firstname.lastname@example.org