Indian Stocks: Ashok Leyland, Simplex Infra, Voltas, Wockhardt
Shares of the following companies had unusual moves in Indian trading. Stock symbols are in parentheses and prices at the 3:30 p.m. close in Mumbai.
India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, rose 358.69, or 2 percent, to 18,449.3.
Ashok Leyland Ltd. (AL IN), the nation’s second-biggest truckmaker, dropped 2.5 percent to 54.55 rupees, its lowest since April 19. It sold 7,711 vehicles in January, compared with 7,871 units in the same month last year, according to an e- mailed statement.
Glaxo SmithKline Consumer Healthcare Ltd. (SKB IN) advanced 7.1 percent to 2,112 rupees, its highest since Jan. 21. The maker of health drinks said net income rose 58 percent from a year earlier to 534 million rupees ($11.7 million) in the quarter ended December.
Great Offshore Ltd. (GOFF IN) sank 1.5 percent to 294 rupees, its lowest since May 2009. The drilling company posted a 96 percent drop in third-quarter net profit.
Greaves Cotton Ltd. (GRV IN), a maker of engines and power generators, gained 1.2 percent to 92.4 rupees. The company signed an agreement with Mahindra & Mahindra Ltd. to supply single-cylinder engines for the automaker’s three-wheelers for five years, according to a statement on the Bombay Stock Exchange. Mahindra (MM IN) gained 0.7 percent to 705.65 rupees.
Hindustan Construction Ltd. (HCC IN) climbed 4.5 percent to 37.05 rupees, the most since Dec. 14. The company said it got a contract worth 3.45 billion rupees from the state government of Gujarat.
Simplex Infrastructures Ltd. (SINF IN), the construction company, increased 4 percent to 355.4 rupees, the most since Dec. 23. About 4 percent of its equity changed hands in a single transaction on the National Stock Exchange, according to data on Bloomberg.
Titagarh Wagons Ltd. (TWL IN), a railway wagon-maker partly owned by General Electric Co., lost 5.3 percent to 411.45 rupees, its lowest in almost five months after the government said it may permit more companies to make rail equipment.
Voltas Ltd. (VOLT IN) tumbled 3.7 percent to 180.95 rupees, its lowest in eight months. The engineering company posted a 6.8 percent decline in third-quarter group profit from a year earlier.
Wanbury Ltd. (WANB IN) plummeted 11 percent to 34.75 rupees, its lowest since April 2009, after reporting a third- quarter loss of 122.3 million rupees.
Wockhardt Ltd. (WPL IN) surged 5 percent to 399.3 rupees, its highest since Nov. 24. The drugmaker reported third-quarter profit of 1.42 billion rupees, compared with a loss of 1.81 billion rupees a year earlier.
To contact the editor responsible for this story: Darren Boey at email@example.com.