Indian Equities: Ackruti City, Murli Industries, Welspun Corp.
India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, fell 25.77, or 0.1 percent, to 19,966.93 at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves in Indian trading and stock symbols are in parentheses.
Ackruti City Ltd. (AKCL IN) sank 20 percent to 307.25 rupees, the lowest since its Feb. 7, 2007, trading debut. The Securities and Exchange Board of India barred the founders of Ackruti, Murli Industries Ltd. (MRLI IN) and Welspun Corp. (WLCO IN) from dealing in their own shares, the regulator said in an order posted on its website yesterday. Murli slid 20 percent to 71.25 rupees and Welspun Corp. lost 27 percent to 160.2 rupees.
Carol Info Services Ltd. (CIS IN) climbed 4.6 percent to 96.9 rupees after about 350,000 shares, or 1 percent of its equity, change hands in three transactions in Mumbai, according to Bloomberg data. Buyers and sellers weren’t immediately known.
Videocon Industries Ltd. (VCLF IN) dropped 12 percent, the most in more than two years, to 203.9 rupees. The consumer- electronics maker plans to sell $150 million to $200 million of convertible bonds by January, Suresh M. Hegde, the group finance head, said yesterday.
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