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India Equity Movers: Future Capital, NCC, Sun TV, United Spirits

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July 4 (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, unless otherwise stated.

The Bombay Stock Exchange Sensitive Index, or Sensex, rose 51.68, or 0.3 percent, to 18,814.48. The BSE 200 Index gained 0.6 percent to 2,328.98.

Future Capital Holdings Ltd. (FCHL IN) jumped 4.4 percent to 146.35 rupees, the highest price in almost two months. Pantaloon Retail India Ltd. (PF IN), the nation’s largest retailer by market value, will sell its stake in the financial services unit, the Economic Times reported without saying where it obtained the information. Pantaloon has hired bank Morgan Stanley to find a buyer for its 54 percent stake in Future Capital, the report said. Pantaloon Retail added 0.5 percent to 322 rupees, the highest close in more than five months.

Infomedia 18 Ltd. (INF18 IN) surged 8.5 percent to 16.05 rupees, the steepest since May 28. A publisher of directories, newspapers, magazines and periodicals had 2.34 million shares, about 4.6 percent of the equity, change hands in a single trade on the Bombay Stock Exchange at an average 14 rupees, Bloomberg data show. Buyers and sellers weren’t immediately known.

ITI Ltd. (ITI IN) rose 4.3 percent to 32.75 rupees, the highest close in more than two weeks. The state-run maker of telecommunications equipment is looking to invest more than 24 billion rupees ($540 million) to resume operations and enter new areas of business, Press Trust of India reported, citing Chairman K.L. Dhingra.

NCC Ltd. (NJCC IN) jumped 5.1 percent to 85.1 rupees, the most since April 6. The builder of roads and irrigation projects won orders worth 8.15 billion rupees, according to an exchange filing.

Sun TV Network Ltd. (SUNTV IN) slid 4.8 percent to 341.45 rupees, the steepest fall in more than a month. The police arrested Hansraj Saxena, chief operating officer of the company’s unit, Chennai Police Commissioner J.K. Tripathy said in a phone interview today, without elaborating. Five calls made to Sun TV office seeking comments weren’t answered.

Tata Steel Ltd. (TATA IN) increased 1.2 percent to 597.5 rupees, set for the steepest gain this month. India’s biggest producer said July 2 it has been named best bidder and promoter for the revival of Incab Industries Ltd. by the Appellate Authority for Industrial and Financial Reconstruction.

United Spirits Ltd. (UNSP IN) climbed 3.4 percent to 1,017.25 rupees, the most since Feb. 25. The maker of McDowell’s No. 1 whisky and Romanov vodka bought a further 20 percent stake in Sovereign Distilleries, a bulk spirits maker, on July 1, after acquiring a 42 percent interest in April, according to an exchange filing, which didn’t specify the value of the deal.

-- Editor: Ravil Shirodkar

To contact the reporters on this story: Ameya Karve in Mumbai at;

To contact the editor responsible for this story: Darren Boey at

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