Reliance Communications, ONGC, Aptech: India Stocks Preview

The following companies may have unusual price changes in India trading. Stock symbols are in parentheses and share prices are as of the last close.

The Bombay Stock Exchange Sensitive Index, or Sensex, fell 34.04, or 0.2 percent, to 18,232.06. The S&P CNX Nifty Index on the National Stock Exchange declined 0.1 percent to 5,473.10. The BSE 200 Index increased 0.3 percent to 2,265.62. SGX S&P CNX Nifty Index futures for June delivery rose 0.3 percent to 5,485 as of 11:30 a.m. in Singapore.

Aptech Ltd. (APTR) : The provider of computer training and multimedia services posted group net income of 332.5 million rupees ($7.4 million) in the quarter ended March 31, compared with a loss of 30.8 million rupees in the same period last year, according to a statement on the Bombay Stock Exchange. The stock climbed 3.7 percent to 97.3 rupees.

Camlin Ltd. (CAMLN) : Kokuyo Co., a Japanese maker of stationery and furniture, agreed to spend about 3.66 billion rupees to acquire a majority stake in Camlin. The shares rose 0.5 percent to 80.75 rupees.

GMR Infrastructure Ltd. (GMRI) : The builder of airports, roads and power plants posted a fourth-quarter loss of 10.1 billion rupees, compared with a profit of 730.6 million rupees in the same quarter last year, according to a statement on the Bombay Stock Exchange. Shares slid 0.4 percent to 34.05 rupees.

Indian Oil Corp. (IOCL IN): The nation’s largest refiner reported net income in the three months ended March 31 fell to 39.1 billion rupees from 55.6 billion rupees a year earlier, the company said in a statement to the Bombay Stock Exchange. The average estimate of 13 analysts surveyed by Bloomberg was a profit of 32.4 billion rupees. The shares declined 0.3 percent to 319.6 rupees.

National Aluminium Co. (NACL IN): India’s second-biggest producer of aluminum posted its first decline in profit in five quarters after rising coal prices increased energy costs. The shares gained 6.8 percent to 91.4 rupees.

NTPC Ltd. (NTPC IN): India’ largest power producer is planning to tap the foreign bond market to raise as much as $500 million through a dollar denominated issue, DNA newspaper reported, citing an unidentified company official. The company management is organizing investor meetings in Singapore, Hong Kong and London over the next two days for the purpose, the newspaper said. The stock retreated 0.2 percent to 167.75 rupees.

Oil & Natural Gas Corp. (ONGC IN): India’s largest state- owned oil explorer reported a fourth-quarter profit of 27.9 billion rupees, compared with 37.8 billion rupees a year earlier, the company said in a statement to the Bombay Stock Exchange today. Analysts surveyed by Bloomberg had estimated a profit of 51.3 billion rupees. The shares fell 1.9 percent to 277.55 rupees.

Punj Lloyd Ltd. (PUNJ) : The engineering company posted group net income of 176.5 million rupees for the three months ended March 31, compared with a loss of 3.01 billion rupees in the same quarter last year, according to a statement on the Bombay Stock Exchange. The shares jumped 3.9 percent to 58 rupees.

Reliance Communications Ltd. (RCOM) : India’s second largest mobile phone company reported fourth-quarter profit fell 86 percent to 1.69 billion rupees ($37.5 million) in the fourth quarter, from 12.2 billion rupees a year earlier, the Mumbai- based company said in an e-mailed report today. That compared with the 3.14 billion-rupee average of 19 analyst estimates compiled by Bloomberg. The shares rose 2.9 percent to 87.55 rupees.

To contact the reporters on this story: Ketaki Gokhale in Mumbai kgokhale@bloomberg.net; Shikhar Balwani in Mumbai at sbalwani@bloomberg.net

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

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