June 14 (Bloomberg) -- Shares of the following companies had unusual moves in Indian trading. Stock symbols are in parentheses and prices are as of the 3:30 p.m. close in Mumbai.
India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, rose 42.63, or 0.2 percent, to 18,308.66. The BSE200 Index gained 0.3 percent to 2,281.30.
ADF Foods Ltd. (ADFL IN) jumped 16 percent to 74.55 rupees, the most in almost six months, after the company said it’s planning a preferential sale of convertible warrants to founders.
Deep Industries Ltd. (DEEPI IN) surged 11 percent to 62.7 rupees, the most in two weeks. The Indian provider of services to oil and gas companies won an order valued at 1.18 billion ($26.4 million) rupees from state-run Oil & Natural Gas Corp., ET Now television reported today, without saying where it got the information.
Housing Development Finance Corp. (HDFC IN), the nation’s largest mortgage lender, lost 1.3 percent to 648.4 rupees. Citigroup Inc., the third-biggest U.S. lender, is reducing its stake in Housing Development Finance to less than 10 percent to comply with Basel III regulations, two people familiar with the matter said.
Nova Iron & Steel Ltd. (NIS IN) climbed by its daily limit of 5 percent to 14.79 rupees, its highest close since Oct. 14. Bhushan Power & Steel Ltd. bought 12.3 million shares of Nova Iron, according to data from the Bombay Stock Exchange. Nova Iron’s shares have surged 46 percent this month.
PSL Ltd. (PSLL IN) advanced 2.7 percent to 75.25 rupees, the most in a week. The pipe maker backed by India’s biggest money manager said it won orders valued at 7.53 billion rupees from GAIL India Ltd.
Shipping Corp. of India Ltd. (SCI IN) added 1.6 percent to 106.4 rupees, its highest since May 16. The nation’s largest sea-cargo carrier raised freight rates on cargo moving from the Indian sub-continent to Europe by $200 per twenty-foot equivalent unit, effective from July 1, according to an e-mailed statement today.
Tata Consultancy Services Ltd. (TCS IN), Asia’s largest computer-services provider by value, increased 1.3 percent to 1,191.05 rupees, the highest since April 25, after the Business Standard reported the Indian company and International Business Machines Corp.’s India unit have been given access to a fast-track U.S. temporary work visa application process after being suspended from the program in 2010.
V-Guard Industries Ltd. (VGRD IN) rose 1.6 percent to 226.6 rupees, the most since June 8. The Indian electrical product maker plans to enter the market for small home appliances next year, Executive Director Mithun Chittilappilly said yesterday.
VMS Industries Ltd. (VMSI IN) dropped 39 percent to 24.5 rupees on its trading debut in Mumbai. The ship-recycling company raised 258 million rupees in an initial public offer at 40 rupees a share earlier this month. The company had received demand for 1.36 times the shares on offer.
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