Indian Equity Movers: Fortis, Maruti, ONGC, SRS, Tata Motors
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. local time.
India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, advanced 0.3 percent to 16,933.83. The BSE200 Index added 0.3 percent to 2,095.23.
Fortis Healthcare India Ltd. (FORH IN), controlled by the billionaire Singh brothers, fell 1.8 percent to 148.8 rupees, its lowest since Aug. 24, after its founder has pledged 54 million more shares.
Hindusthan National Glass & Industries Ltd. (HNGI IN) dropped 5.6 percent to 198 rupees, the most in almost 16 months. The maker of glass bottles secretary has resigned, Hindusthan National said in an exchange filing yesterday.
Maruti Suzuki India Ltd. (MSIL) advanced 2.5 percent to 1,109.45 rupees, the most since Aug. 10. The maker of almost half the cars sold in India’s spokesman Kanwaljeet Singh said a strike at its supplier’s plants has been called off and engine and transmission supplies are restored.
Oil & Natural Gas Corp. (ONGC IN), the country’s largest state-owned oil explorer surged 5.4 percent to 274.7 rupees, the most in almost three months, after the government delayed a plan to sell shares in the company.
SRS Ltd. (SRSLT IN) plunged 43 percent to 33.25 rupees in its trading debut. The company, with interests in cinema exhibition, food and beverages, got demand for 1.25 times the 35 million shares offered in its initial offer, according to exchange data. It sold shares at 58 rupees apiece.
Tata Motors Ltd. (TTMT) rallied 7 percent to 161.85 rupees, the most in more than six months. The automaker’s global sales rose 3 percent in August from a year earlier to 87,459 units, according to an e-mailed statement yesterday.
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