Indian Equities: Bajaj Auto, LIC Housing Finance, Kirloskar, HCL
India’s Bombay Stock Exchange Sensitive Index, or Sensex, fell 113.73, or 0.6 percent, to 18,978.32, the most since Jan. 14, 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.
Bajaj Auto Ltd. (BJAUT IN) rose 2.1 percent to 1,321.8 rupees, the highest since Jan. 6. India’s second-largest motorcycle maker reported third-quarter profit jumped 40 percent, beating analysts’ estimates, as economic growth boosted sales.
HCL Technologies Ltd. (HCLT IN) climbed 4 percent to 508.05 rupees, its best close since March 2000. The software services provider said its net profit in the quarter ended Dec. 31 increased 12 percent from a year earlier.
Kirloskar Pneumatic Co. Ltd. (KKPC IN) fell 1.3 percent to 493.75 rupees, the lowest since July 1. The maker of air and gas compressors had 5.5 percent of its equity change hands in four transactions on the Bombay Stock Exchange, according to Bloomberg data. Buyers and sellers weren’t immediately known.
LIC Housing Finance Ltd. (LICHF IN), the home-loan lending arm of India’s largest insurer, surged 9.8 percent to 170.35 rupees, the most since November 2009, ahead of its earnings report, which came after today’s market close.
Petronet LNG Ltd. (PLNG IN) gained 1.9 percent to 132.35 rupees, a record close. India’s largest liquefied natural gas importer’s third-quarter profit doubled from a year earlier to 1.71 billion rupees ($37.7 million), according to a statement on the Bombay Stock Exchange yesterday.
Steel Authority of India Ltd. (SAIL IN) rose 4.8 percent to 169.75 rupees, the most since Dec. 16. The nation’s second- biggest producer of steel was raised to “neutral” from “underperform” by Rakesh Arora, an analyst at Macquarie Research.
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