The following companies may have unusual price changes in India trading. Stock symbols are in parentheses and share prices are as of 9:44 a.m. in Mumbai.
The Bombay Stock Exchange Sensitive Index, or Sensex, advanced 11.13, or 0.1 percent, to 18,148.48. The BSE 200 Index slid 0.1 percent to 2,249.01.
Bajaj Finserv Ltd. (BJFIN) surged 5.3 percent to 523.25 rupees, the steepest gain in two months. The financial services company plans to expand its retail wealth management business to as many as 10 Indian cities by the end of the financial year that began April 1, Managing Director Sanjiv Bajaj said in a phone interview. The company also reported fourth-quarter profit jumped.
Container Corp. of India Ltd. (CCRI IN) dropped 2 percent to 1,073.1 rupees, set for its lowest close in three months. The state-controlled freight-train operator was cut to “sell” from “neutral” at Goldman Sachs Group Inc., which cited declining growth and returns as well as the stock’s “unfavorable” valuations. The brokerage lowered its share-price forecast to 1,007 rupees from 1,088 rupees, analysts led by Ishan Sethi wrote in a report.
State Bank of India (SBIN) lost 2.3 percent to 2,359.7 rupees, bound for its lowest close since July 8. The nation’s largest lender’s Chairman Pratip Chaudhuri said loan growth may be restricted if the company faces a cash crunch. The stock was also cut to “inline” from “outperform” at Standard Chartered Plc.
The Bombay Stock Exchange Sensitive Index, or Sensex, advanced 11.13, or 0.1 percent, to 18,148.48. The BSE 200 Index slid 0.1 percent to 2,249.01.
Bajaj Finserv Ltd. (BJFIN) surged 5.3 percent to 523.25 rupees, the steepest gain in two months. The financial services company plans to expand its retail wealth management business to as many as 10 Indian cities by the end of the financial year that began April 1, Managing Director Sanjiv Bajaj said in a phone interview. The company also reported fourth-quarter profit jumped.
State Bank of India (SBIN) lost 2.3 percent to 2,359.7 rupees, bound for its lowest close since July 8. The nation’s largest lender’s Chairman Pratip Chaudhuri said loan growth may be restricted if the company faces a cash crunch. The stock was also cut to “inline” from “outperform” at Standard Chartered Plc.
