Indian Equities: EIH, Hindustan Unilever, Idea, SKS, Welspun
Shares of the following companies had unusual moves in Indian trading. Stock symbols are in parentheses and prices at the 3:30 p.m. close in Mumbai.
India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, fell 181.83, or 1 percent, to 18,969.45.
EIH Ltd. (EIH IN) climbed 1.1 percent to 106.9 rupees. The luxury hotels and resorts operator reported a 27 percent jump in third-quarter profit from a year earlier to 284 million rupees ($6.24 million), according to a statement to the National Stock Exchange.
Hindustan Unilever Ltd. (HUVR IN) sank 5.4 percent to 281.9 rupees, the most in 18 months. The biggest household products maker said net income fell 1.7 percent to 6.38 billion rupees. Profit fell short of the 6.46 billion rupees average of 20 analysts’ estimates compiled by Bloomberg.
Idea Cellular Ltd. (IDEA IN) surged 3.2 percent to 71.65 rupees, the most since Nov. 30. The mobile-phone company reported that third-quarter consolidated profit rose 43 percent to 2.43 billion rupees, according to a statement to the National Stock Exchange.
SKS Microfinance Ltd. (SKSM IN) lost 3.5 percent to 661.3 rupees, the most in a month. India’s largest lender to the poor said third-quarter profit fell to 341.5 million rupees from 554.5 million rupees a year earlier, in a statement to the National Stock Exchange.
Welspun Corp. (WLCO IN) dropped 2.9 percent to 157.25 rupees, the most since Jan. 17. The pipe maker said its third- quarter profit fell 12 percent to 1.47 billion rupees.
To contact the reporter on this story: Hemal Savai in Mumbai at at email@example.com
To contact the editor responsible for this story: Stephen Foxwell at at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.