HDFC Bank, Piramal Healthcare, Peninsula Land, Tata: India Equity Preview
The Bombay Stock Exchange Sensitive Index, or Sensex, fell 185.76, or 0.9 percent, to 19,983.13. The S&P CNX Nifty Index on the National Stock Exchange declined 0.8 percent to 6,027.30. The BSE 200 Index slid 0.7 percent to 2,545.18.
HDFC Bank Ltd. (HDFCB IN): India’s third-largest bank by market value had second-quarter profit of 9.12 billion rupees, according to a statement sent to the Bombay Stock Exchange. The shares fell 1.2 percent to 2,368.85 rupees.
Piramal Healthcare Ltd. (PIHC IN): The Indian drugmaker’s board will consider on Oct. 22 a proposal to buy back shares of the company, according to a statement on the Bombay Stock Exchange. Piramal added 1.7 percent to 539.40 rupees.
Peninsula Land Ltd. (PENL IN): The Indian real-estate developer backed by Franklin Templeton Investments and Samira Habitats, a Mumbai builder, will develop a coastal township near the city to tap demand from the nation’s wealthy. Peninsular fell 0.8 percent to 65.75 rupees.
Tata Teleservices Maharashtra Ltd. (TTLS IN): The phone service provider was rated “sell” at Religare Capital Markets by equity analyst Rumit Dugar, who initiated coverage on the stock. The shares slid 0.8 percent to 24.3 rupees.
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