Indian Equity Movers: Delta Corp, L&T Finance, Tata Motors
Shares of the following companies had unusual moves in Indian trading. Stock symbols are in parentheses and prices are as of the 3:30 p.m. local time.
The Bombay Stock Exchange Sensitive Index, or Sensex, declined 1.3 percent to 16,839.63. The BSE 200 Index lost 1.1 percent to 2,101.91.
Delta Corp Ltd. (DELTA) climbed 3.6 percent to 99.15 rupees, its highest level in a week. Billionaire Rakesh Jhunjhunwala raised his stake in the casino operator to 6.92 percent from 3.95 percent after warrants conversion.
L&T Finance Holdings Ltd. (LTFH IN), a unit of India’s largest engineering company, dropped 3.8 percent to 50.05 rupees on its trading debut after getting orders for 5.3 times the shares available in its initial public offering.
Tata Motors Ltd. (TTMT) sank 5.8 percent to 800 rupees. The owner of Jaguar Land Rover reported first-quarter profit that missed analysts’ estimates as sales of its passenger cars in India fell and Jaguar deliveries declined. Net income rose to 20 billion rupees in the three months ended June 30, from 19.9 billion rupees a year earlier, according to a statement from the Mumbai-based automaker.
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