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India Equity Movers: DLF, HEG, OnMobile Global, Unitech

March 8 (Bloomberg) -- The following companies had unusual price changes in India trading. Stock symbols are in parentheses and share prices are as of the 3:30 p.m. close in Mumbai.

The Bombay Stock Exchange Sensitive Index, or Sensex, advanced 216.98, or 1.2 percent, to 18,439.65, its steepest rise in a week.

DLF Ltd. (DLFU IN) gained 1.9 percent to 222.6 rupees, the most in a week. India’s biggest developer was raised to “hold” from “reduce” by Sandeep Mathew and Avneesh Sukhija, analysts at BNP Paribas SA, who wrote in a note to investors that recovery in the company’s office markets appears to be “on track.”

HEG Ltd. (HEG IN) added 1.4 percent to 204.65 rupees, the highest since Jan. 28. The maker of graphite electrodes will on March 14 consider a proposal to buy back shares, according to its statement to the stock exchange.

OnMobile Global Ltd. (ONMB IN) climbed 3.1 percent to 223.65 rupees, its highest since Feb. 17. The supplier of ring tones for mobile-phone service providers will give one free stock for each held by shareholders, according to a statement to the stock exchange.

Unitech Ltd. (UT IN) increased 2.1 percent to 36.2 rupees. India’s second-biggest developer’s rating was raised to “buy” from “hold” by BNP Paribas’s Mathew and Sukhija, who cited the view in a note to investors that the company’s telecom risk is “minimal.”

To contact the reporters on this story: Ameya Karve in Mumbai at akarve@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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