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Indian Stocks: Hindalco, Indian Oil, JSW Steel, ONGC, Sesa Goa

India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, rose 328.75, or 1.7 percent, to 19,850.00 at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves in Indian trading and stock symbols are in parentheses.

Four Soft Ltd. (FOUR IN), a logistics software developer, jumped 11 percent to 21.3 rupees after saying it signed a five-year contract with Jacobson Cos.

Havells India Ltd. (HAVL IN) gained 4 percent to 397 rupees, its highest close in almost three weeks. The maker of power-distribution equipment was raised to “outperform” from “neutral” by Venugopal Garre and other analysts at Credit Suisse Group AG, citing the continued recovery at Sylvania, its European unit, and “potential deleveraging,” which will reduce risk.

Hindalco Industries Ltd. (HNDL IN) climbed 3.5 percent to 213.7 rupees, the most since Nov. 18. Novelis Inc., a unit of India’s biggest aluminum producer, said yesterday it intends to raise $4 billion in gross proceeds from one or more offerings of senior notes totaling $2.5 billion and a new $1.5 billion secured term loan facility.

Indian Oil Corp. (IOCL IN) the nation’s biggest refiner, increased 11 percent to 384.55 rupees, the most in 18 months. Chairman B.M. Bansal said he expects to sell shares at 450 rupees apiece, or 30 percent premium to yesterday’s close.

JSW Steel Ltd. (JSTL IN) added 7 percent to 1,206.3 rupees, the most since May 10. India’s third-largest producer of the alloy was raised to “buy” from “neutral” by Alok Kumar Nemani and Prabhat Awasthi, analysts at Nomura Holdings Inc., who said value has emerged after a decline in the shares over the past month.

Oil & Natural Gas Corp. (ONGC IN), India’s biggest oil exploration company, surged 3.3 percent to 1,286.25 rupees, most in more than five months, after the Press Trust of India reported the cabinet will consider giving free shares to investors and a stock split. Chairman R.S. Sharma could not immediately be reached for comment at his office in New Delhi.

Phillips Carbon Black India Ltd. (PHCB IN) rose 1.6 percent to 177.45 rupees. The maker of material used in tires and India’s Aditya Birla Group are among potential bidders to buy a unit of Germany’s Evonik Industries AG, three people with direct knowledge of the matter said yesterday.

Sesa Goa Ltd. (SESA IN) dropped 2.7 percent to 299.55 rupees. The unit of Vedanta Resources Plc will stop operations in Thakurani mine in the eastern Indian state of Orissa from today as the company couldn’t renew a third-party contract for the mine on “viable commercial terms,” according to a statement on the Bombay Stock Exchange yesterday.

Strides Arcolab Ltd. (STR IN) advanced 5.5 percent to 412.3 rupees, most since Sept. 17. The drugmaker said its Midazolam Hydrochloride anesthetic injection got approval from the U.S. Food and Drug Administration.

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