Indian Equities: HCL Technologies, Hindustan Zinc, Navin
India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, fell 27.78, or 0.1 percent, to 19,196.34 at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves in Indian trading and stock symbols are in parentheses.
Bhandari Hosiery Exports Ltd. (BHX IN) surged 4.4 percent to 39.6 rupees, the most in two weeks. The textile maker said its board will meet on Jan. 15 to consider giving free shares.
HCL Technologies Ltd. (HCLT IN) advanced 2.2 percent to 475.3 rupees, the most since Jan. 5. The software services provider was raised to “outperform” from “neutral” at Credit Suisse Group AG and the share-price estimate to 600 rupees from 400 rupees, according to a report by analysts including Bhuvnesh Singh.
Hindustan Zinc Ltd. (HZ IN) climbed 2.5 percent to 1,371.85 rupees, the most in two weeks. India’s largest producer will consider a proposal to sub-divide shares and give free stock to investors at a meeting on Jan. 19, it said in a statement to the Bombay Stock Exchange today.
Navin Fluorine International Ltd. (NFIL IN) rose 1.1 percent to 283.8 rupees, the most since Jan. 5. The maker of industrial gases used in refrigerators was awarded an additional 1.3 million carbon credits from the United Nations, according to the website of the UN Clean Development Mechanism.
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