India Stocks: Reliance Industries, Vishal Retail, Wockhardt
The following companies had unusual price changes in India trading. Stock symbols are in parentheses and share prices are as of the 3:30 p.m. close in Mumbai.
The Bombay Stock Exchange Sensitive Index, or Sensex, rose 265.39, or 1.5 percent, to 18,439.48, its steepest gain since March 1.
Educomp Solutions Ltd. (EDSL) added 1.4 percent to 421.5 rupees. The computer trainer won a 679 million rupees ($15 million) order, according to a statement to the stock exchange.
Reliance Industries Ltd. (RIL) , operator of the world’s biggest refining complex, climbed 2.7 percent to 1,018.35 rupees, its highest close since Jan. 12. The price of crude oil fell as much as 2.7 percent in New York, the lowest level in two weeks, improving refiners profitability.
Sobha Developers Ltd. (SOBHA) , a real estate developer, declined 2.6 percent to 262 rupees, its lowest level since Feb. 28. Contract workers went on strike at a unit in Bangalore, according to a statement to the stock exchange.
Vishal Retail Ltd. (VISH) soared 20 percent to 37.35 rupees, its steepest jump in more than 44 months. The retailer sold its wholesale and retail businesses for a total of 700 million rupees, according to its statement to the stock exchange.
Wockhardt Ltd. (WPL) , a maker of drugs to treat diabetes, tumbled 3.9 percent to 334.5 rupees, its lowest level since Dec. 10. The Bombay High Court admitted a petition filed by three creditors to wind up the company.
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