Indian Equities: Artson, KPIT Cummins, Simplex, Tata Steel
India’s Bombay Stock Exchange Sensitive Index, or Sensex, fell 467.69, or 2.4 percent, to 19,224.12 at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves and stock symbols are in parentheses.
Artson Engineering Ltd. (ART IN) climbed 3.7 percent to 70.1 rupees, the most in a month. The liquefied petroleum gas storage equipment maker said it won an order worth 320 million rupees ($7.03 million).
KPIT Cummins Infosystems Ltd. (KPIT IN) gained 2.4 percent to 146.05 rupees, the most since Jan. 6. The software maker said it plans to raise as much as 1.13 billion rupees selling 7.76 million shares to Mauritius-based Warhol Ltd.
Simplex Infrastructures Ltd. (SINF IN) added 1.8 percent to 393.6 rupees, the most in more than two weeks. The construction company said third-quarter orders rose to 21.3 billion rupees from 12.2 billion rupees a year earlier.
Tata Steel Ltd. (TATA IN) lost 1.6 percent to 650.7 rupees, its lowest since Dec. 15. India’s biggest producer of the alloy will delay shipments of some products from its Ijmuiden plant in the Netherlands after a fire at a pickling line on Dec. 27, Steel Business Briefing reported.
To contact the editor responsible for this story: Stephen Foxwell at at firstname.lastname@example.org