Indian Equities: Jubilant Foodworks, OnMobile, Steel Authority
Stock Chart for Jubilant Foodworks Ltd (JUBI)
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.
The BSE India Sensitive Index, or Sensex, gained 0.1 percent to 17,481.93. The BSE 200 Index added 0.2 percent to 2,136.77.
Berger Paints India Ltd. (BRGR) advanced 0.9 percent to 107 rupees, its highest price since Sept. 16. The third-largest coatings maker reported second-quarter profit of 430.1 million rupees ($8.71 million), beating analysts’ estimates.
Hindustan Motors Ltd. (HM) dropped 6.6 percent to 13.5 rupees, the most since Aug. 18. The nation’s oldest carmaker reported a loss of 223.6 million rupees in the second quarter ended Sept. 30, compared with a profit of 116.5 million rupees.
Jubilant FoodWorks Ltd. (JUBI) slumped 2.1 percent to 814.05 rupees. The Indian franchisee of Domino’s Pizza Inc. posted second-quarter profit that missed analysts’ estimates.
Profit jumped 28 percent from a year earlier to 236.7 million rupees ($4.8 million) in the quarter ended Sept. 30, the company said today. That’s less than the median estimate of 249 million rupees by 14 analysts, according to data compiled by Bloomberg.
OnMobile Global Ltd. (ONMB) surged 14 percent to 65.05 rupees, most in nine months. The company said second-quarter profit rose to 477 million rupees, from 220 million rupees a year earlier.
Raymond Ltd. (RW) slid 1.6 percent to 382.35 rupees, the lowest drop in three weeks after Bloomberg UTV television reported the Indian fabrics and garments maker’s offices were searched by income tax authorities. Two calls made to the offices of Sagar Joshi, a director, and Magline Rufina, deputy general manager, in Mumbai weren’t answered.
Steel Authority of India Ltd. (SAIL) sank 3.2 percent to 109.15 rupees, its lowest price in a week. The nation’s second- biggest producer reported a worse-than-expected 55 percent decline in second-quarter profit after paying higher coking coal prices and incurring foreign-exchange losses.
Trent Ltd. (TRENT) tumbled 3 percent to 1,033.25 rupees, its lowest price since June 21. The Tata group retailer said profit in the quarter ended Sept. 30 fell to 34 million rupees, from 120 million a year earlier.
Uflex Ltd. (UFLX) lost 2.7 percent to 161.55 rupees, its lowest price since Oct. 20. India’s biggest maker of plastic packaging materials said second-quarter profit fell to 573 million rupees from 2.02 billion rupees a year earlier.
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