Indian Equity Mover: Bank of Maharashtra Gains Most in 4 Months

Shares of the following company had unusual price changes in India trading. The stock symbol is in parentheses and the share price is of the 3:30 p.m. close in Mumbai.

The Bombay Stock Exchange Sensitive Index, or Sensex, declined 295.30, or 1.6 percent, to 18,211.52, trimming its first weekly gain in a month to 2.7 percent.

Bank of Maharashtra (BOMH IN), a state-controlled lender named after the western state that has Mumbai as its capital, climbed 5 percent to 59.60 rupees, the most since Oct. 21. The government will buy preferential shares worth 3.52 billion rupees ($77.9 million), according to a statement to the stock exchange.

To contact the reporters on this story: Ameya Karve in Mumbai at akarve@bloomberg.net;

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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