Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Indian Equities: Hexaware, Mahindra & Mahindra, Patni Computer

Jan. 3 (Bloomberg) -- India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, rose 51.96, or 0.3 percent, to 20,561.05 at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves and stock symbols are in parentheses.

Eicher Motors Ltd. (EIM IN) increased 1.2 percent to 1,250.55 rupees, the highest since Nov. 18, after saying its truck and bus sales rose 51 percent from a year earlier in December.

Hexaware Technologies Ltd. (HEXW IN) surged 10 percent to 128.35 rupees, its highest since September 2007. The software developer partly owned by private equity firm General Atlantic LLC said it will on Jan. 11 consider giving free shares.

Indiabulls Financial Services Ltd. (IBULL IN) climbed 1.8 percent to 177.3 rupees, its highest in a month, after selling a 26 percent stake in Indian Commodity Exchange Ltd. to Reliance Exchangenext Ltd.

Mahindra & Mahindra Ltd. (MM IN) advanced 1.2 percent to 787.55 rupees, its highest since Dec. 8. The nation’s biggest sport-utility vehicle and tractor maker said sales rose 42 percent in December from a year earlier.

Patni Computer Services Ltd. (PATNI IN) dropped 1.6 percent to 469 rupees after IGate Corp. canceled a press conference scheduled for today in Bangalore. IGate is likely to pay 44 billion rupees ($983 million) for a controlling stake in Indian software maker Patni, Bloomberg UTV reported on Dec. 31.

Tata Teleservices (Maharashtra) Ltd. (TTLS IN) gained 2.8 percent to 19.95 rupees. The phone unit of India’s second-largest industrial group and Aircel Ltd. are bidding to win contracts to use third-generation mobile phone spectrum in the Delhi and Mumbai metropolitan areas, the Economics Times reported. Rajeev Narayan, a spokesman for Tata Teleservices, didn’t immediately respond to a call to his mobile phone and an e-mail.

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

To contact the editor responsible for this story: Reinie Booysen at rbooysen@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.