Indian Equities: Kernex Microsystems, Pantaloon Retail, SKS
India’s Bombay Stock Exchange Sensitive Index, or Sensex, gained 19.17, or 0.1 percent, to 20,334.49 at 9:15 a.m. in Mumbai. (CSTRL)
Kernex Microsystems India Ltd. (KMSI) gained 2.6 percent to 131 rupees. The software developer got an order worth $4.53 million from the Egyptian National Railways, it said in a statement to the exchange yesterday.
Pantaloon Retail India Ltd. (PF) added 1.8 percent to 515.6 rupees. The board of the retail chain yesterday approved plans to raise funds as much as 7.5 billion rupees ($169 million), according to its statement to the stock exchange.
SKS Microfinance Ltd. (SKSM) lost 1.5 percent to 1,284.7 rupees. The Securities and Exchange Board of India has sought details from the lender of its decision replace Chief Executive Officer Suresh Gurumani four years before the end of his term, the Economic Times reported, without saying where it got the information.
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