India Equities Mover: Shopper’s Stop, UTV Software, Wockhardt

Shares of the following companies had unusual moves in Indian trading. Stock symbols are in parentheses and prices are as of the 3:30 p.m. close in Mumbai.

India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, declined 353.07 points, or 1.9 percent, to 18,518.22. The BSE200 Index fell 1.6 percent to 2,301.06.

Shopper’s Stop Ltd. (SHOP) sank 4.7 percent to 445.6 rupees, its lowest in a month. The second-largest publicly traded retailer reported loss of 15.2 million rupees from 92.9 million profit year earlier.

UTV Software Communications Ltd. (UTV) climbed 5.4 percent to 950.15 rupees, its highest since Dec. 14, 2007. The movie and television content maker said it plans to delist its shares from all stock exchanges. Walt Disney Co. will acquire 19.8 percent of UTV from its founders, the company said in an exchange filing. The company will buy back public shares at up to 1,000 rupees a share.

Wockhardt Ltd. (WPL) , the drugmaker, gained 4 percent to 434.5 rupees, its highest since Jan. 2, 2008, after the Economic Times reported that Danone is in discussions to buy its nutrition business.

To contact the reporter on this story: Shikhar Balwani in Mumbai at sbalwani@bloomberg.net; Hemal Savai in Mumbai at at hsavai@bloomberg.net

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

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