Gitanjali, Glenmark, Infosys, Jubilant: India Equity Preview
The following companies may have unusual price changes in India trading. Stock symbols are in parentheses and share prices are as of the last close.
The Bombay Stock Exchange Sensitive Index, or Sensex, fell 0.7 percent to 18,721.39. The S&P CNX Nifty Index on the National Stock Exchange slid 0.8 percent to 5,616.10. The BSE 200 Index declined 0.7 percent to 2,312.88. SGX S&P CNX Nifty Index futures for July delivery sank 1.3 percent to 5,548 as of 11:17 a.m. in Singapore.
Derivatives Lists: Jubilant FoodWorks Ltd. (JUBI) , the Indian franchisee of Domino’s Pizza Inc., JSW Energy Ltd. (JSW) , the power producer controlled by the billionaire Jindal family, Gitanjali Gems Ltd. (GITG) , the owner of jewelry brands Nakshtra, Gili and Asmi, and Arvind Ltd. (ARVND) , a textile maker, were among companies added to the derivatives list of the National Stock Exchange. Jubilant slid 0.8 percent to 847.1 rupees. JSW Energy fell 0.7 percent to 67.35 rupees. Gitanjali Gems climbed 1.9 percent to 308.65 rupees. Arvind advanced 0.6 percent to 80.5 rupees.
Infosys Ltd. (INFO IN): The country’s second-largest software provider reported a profit of 17.2 billion rupees in the quarter ended June. That compared with a profit of 17.3 billion rupees, according to the median estimate of analysts compiled by Bloomberg data. The shares fell 1.9 percent to 2,921.15 rupees.
Glenmark Pharmaceuticals Ltd. (GNP) : The Indian drugmaker was rated new “overweight” at JPMorgan Chase & Co. The stock slid 1.1 percent to 306.5 rupees.
Orient Green Power Co. (OGPL IN): The first renewable- energy company to list in India plans to increase capacity by 38 percent as demand for cleaner electricity grows. The shares declined 2.4 percent to 16.55 rupees.
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