Indian Equities: DLF, Gujarat State Fertilizers, Maruti Suzuki
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.
The BSE India Sensitive Index, or Sensex, declined 0.9 percent to 16,785.64. The BSE200 Index slid 0.9 percent to 2,054.02.
Cairn India Ltd. (CAIR) dropped 2.1 percent to 287.45 rupees, its lowest price in a week. The energy explorer being bought by Vedanta Resources Plc reported a worse-than-expected drop in second-quarter profit after accounting for royalty payments for the first time.
DLF Ltd. (DLFU) , the nation’s biggest real estate developer, lost 2.5 percent to 224.9 rupees, its lowest in two weeks. The Securities & Exchange Board of India, the nation’s capital market regulator, will investigate a complaint by an investor claiming an associate company of DLF duped him of 340 million rupees ($6.8 million), according to an order on the regulator’s website.
FAG Bearings India Ltd. (FAG) rallied 6.5 percent to 1,330.9 rupees, its biggest gain in three months, after reporting profit of 454.1 million rupees in the quarter ended September, compared with 314.4 million rupees a year earlier.
Gujarat State Fertilizers & Chemicals Ltd. (GSFC IN) surged 7 percent to 456.3 rupees, its most in almost 11 months, after reporting profit of 2.1 billion rupees in the quarter ended September, compared with 2.07 billion rupees a year earlier.
Maruti Suzuki India Ltd. (MSIL) , the nation’s largest carmaker, climbed 1.6 percent to 1,094.55, its highest in two weeks. The strike at one of its plants has been called off after an agreement between management, workers and the state government of Haryana.
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org.