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Indian Equity Movers: Bharti Airtel, Fortis, Jyoti Structures

Aug. 2 (Bloomberg) -- Shares of the following companies had unusual moves in Indian trading. Stock symbols are in parentheses and prices are as of 9:22 a.m. local time.

India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, fell 0.6 percent to 18,199.28. The BSE200 Index slid 0.7 percent to 2,251.01.

Bharti Airtel Ltd. (BHARTI IN) retreated 1.2 percent to 436.10 rupees, on course for the biggest drop in a week. “Hyper competition” among Indian mobile-phone service providers is “abating,” Sunil Mittal, chairman of the company, said in the annual report of the country’s largest wireless operator.

Fortis Healthcare India Ltd. (FORH IN) advanced 1.3 percent to 168 rupees. The hospitals operator is in talks to buy a controlling stake in Hoan My Medical Corp., the Vietnamese hospital operator backed by Deutsche Bank AG, people with knowledge of the matter said. Shareholders of privately held Hoan My plan to sell more than 50 percent of the company in a deal that may value it at about $100 million, the people said, asking not to be identified.

Jyoti Structures Ltd. (JYS IN) climbed 1.3 percent to 84.25 rupees after getting orders worth 4.38 billion rupees ($99.4 million) from Vidyut Vitran Cos., according to a statement to BSE Ltd.

To contact the reporter on this story: Shikhar Balwani in Mumbai at sbalwani@bloomberg.net;

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

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