Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

India Equity: DLF, Marico, South Indian Bank, Welspun Corp

The following companies had unusual price changes in India trading. Stock symbols are in parentheses and levels are as of the 3:30 p.m. close in Mumbai.

The Bombay Stock Exchange Sensitive Index, or Sensex, rose 155.04, or 0.8 percent, to 19,445.22. The gauge has fallen 5.2 percent in the quarter ending March 31, the first decline after eight straight three-monthly period of gains.

The BSE 200 Index climbed 0.5 percent to 2,378.69. It has fallen 6.1 percent in the three months through March, after seven straight three-monthly period of advances.

DLF Ltd. (DLFU IN) rose 1.9 percent to 268.55 rupees, its highest level since Jan. 7. The biggest real-estate developer was raised to “buy” from “hold” by Amit Agarwal, an analyst at Daiwa Securities Capital Markets Co., in a note to investors which said rising salaries and an increase in hiring activity in India are driving leasing and residential sales volume growth for the company.

Jaiprakash Power Ventures Ltd. (JPVL IN) gained 1.1 percent to 42.15 rupees. The electricity generator was rated new “neutral” by Sumit Kishore, an analyst at JPMorgan Chase & Co.

Jaypee Infratech Ltd. (JPIN IN) rose 1.4 percent to 58.05 rupees. The unit of India’s biggest builder of dams was rated new “overweight” by Saurabh Kumar, an analyst at JPMorgan Chase & Co.

Marico Ltd. (MRCO IN) advanced 2.6 percent to 139.45 rupees, its highest price since Nov. 23. The maker of hair-care products and cooking oil, may buy companies at home and abroad as it seeks to increase business in Asian and African markets, Chairman and Managing Director Harsh Mariwala said in an e-mailed response to Bloomberg questions.

Piramal Glass Ltd. (PIRA IN) surged 6.8 percent to 114.15 rupees, its highest level since Jan. 6. The company, controlled by billionaire Ajay Piramal, had about 993,220 shares, or 1.2 percent of its equity, change hands in four trades in Mumbai, according to Bloomberg data. Buyers and sellers weren’t immediately known.

PVR Ltd. (PVRL IN) added 3.3 percent to 106.3 rupees. The cinema operator signed an accord with IMAX Corp. to install IMAX theatre systems at four locations in India.

Rohit Ferro-Tech Ltd. (ROFT IN), the producer of high carbon ferrochrome and manganese based alloys, increased 2.1 percent to 44 rupees. The company’s board approved raising up to $100 million in shares or bonds, and also increasing the limit of overseas investors, it said in a statement.

Smartlink Network Systems Ltd. (SMNS IN) plunged 13 percent to 67.95 rupees, its steepest decline since October 2008. The maker of networking products agreed to sell its Digilink networking business to Schneider Electric India for 5.03 billion rupees in cash, according to an exchange filing.

South Indian Bank Ltd. (SIB IN) jumped 5.3 percent to 22.85 rupees, its highest close since Jan. 14. The lender plans to spin off its gold-loan business into a new unit to cut costs, Chief Financial Officer K.S. Krishnan said in an interview today.

Vadilal Industries Ltd. (VDI IN) soared 15 percent to 150.8 rupees, the most since June 30, after the ice-creams and other processed foods maker said it plans to make an “important announcement” at a press meeting today.

Welspun Corp. (WLCO IN) rose 4.7 percent to 207.45 rupees, headed for its highest closing level in more than two weeks. The producer of pipes won new overseas orders worth 11.8 billion rupees, according to a stock exchange filing.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.