India Equities: Aurobindo, Mphasis, National Aluminium, SpiceJet
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. close in Mumbai.
India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, increased 1.2 percent to 16,341.70. The BSE200 Index added 1.2 percent to 2,027.77.
Aurobindo Pharma Ltd. (ARBP) : dropped 9 percent to 124.7 rupees, its lowest in two years. The supplier of drugs to Pfizer Inc.’s office in Hyderabad was searched last week by India’s Central Bureau of Investigation, according to two people familiar with the matter.
Gammon India Ltd. (GMON) advanced 2.4 percent to 73.8 rupees. The engineering and construction company had about 1.1 percent, or 1.46 million shares traded in a single block deal on the Bombay Stock Exchange, according to Bloomberg data. The buyers and sellers weren’t immediately known.
Mphasis Ltd. (MPHL) plunged 9.7 percent to 386 rupees, the most since May 22, 2009, after a strategy shift at parent Hewlett-Packard Co. undermined confidence in the U.S. company’s management.
National Aluminium Co. (NACL IN) surged 9.1 percent to 65 rupees, the most in more than seven months. The nation’s third- largest producer of the metal received approval from the coal ministry for the mining lease on its Utkal-E coal block in eastern Orissa state, according to an e-mailed statement. The mine has an estimated 70 million tons of coal, which would be used to generate power for the company’s smelter located nearby, it said.
Sesa Goa Ltd. (SESA) lost 1.1 percent to 220.3 rupees, its lowest since Sept. 2009. A panel appointed by India’s top court recommended a ban on mining in the iron ore-rich areas of Tumkur and Chitradurga, where the country’s largest exporter of the steelmaking ingredient has a mine.
SpiceJet Ltd. (SJET) jumped 10 percent to 24.3 rupees, the most in two months. TPG Capital is seeking to buy a minority stake in the low-cost carrier, Economic Times reported citing two people it didn’t identify.
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