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Indian Stocks: BF Utilities, GMR Infrastructure, Ravi Kumar

The Bombay Stock Exchange’s Sensitive Index, or Sensex, fell 44.73, or 0.2 percent, to 20,028.93 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.

BF Utilities Ltd. (BFUT IN) climbed 7.6 percent to 908.6 rupees, its highest in more than a month. JPMorgan Chase & Co. paid 5 billion rupees ($111 million) to buy an 8 percent stake in a unit of the power generator, the Economic Times reported Dec. 25, without saying where it got the information. JPMorgan’s Airro Holding made the purchase in Nandi Infrastructure Corridor Enterprises, the report said. The company’s Vice President for Finance B.S. Mitkari couldn’t immediately be reached at his office telephone for comment.

GMR Infrastructure Ltd. (GMRI IN) gained 1.2 percent to 45.1 rupees. GMR SEZ & Port Holdings Pvt., a unit of the Bangalore-based airport builder, bought a 51 percent stake in the Kakinada special economic zone in the southeastern state of Andhra Pradesh, according to a Dec. 24 company statement to the Bombay Stock Exchange.

KEC International Ltd. (KECI IN) jumped 8.5 percent, the most in almost four months, to 484.55 rupees after saying it won orders worth 10.2 billion rupees ($225 million).

McNally Bharat Engineering Co. (MCNA IN) increased 4.3 percent to 219.1 rupees after saying it won two orders worth 998.6 million rupees ($22 million).

Ravi Kumar Distilleries Ltd. (RKD IN) surged 25 percent to 80.05 rupees in its Mumbai trading debut. Investors bid for 2.2 times the shares on offer in its initial public offering earlier this month.

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