Bloomberg News

Indian Equity Movers: Cipla, Tata Power, Uniphos Enterprises

November 15, 2011

Nov. 15 (Bloomberg) -- 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, sank 1.4 percent to 16,882.67. The BSE 200 Index slid 1.8 percent to 2,048.14.

Cipla Ltd. (CIPLA IN), the nation’s third-biggest drugmaker by revenue, surged 6.5 percent to 306.85 rupees, the steepest advance in six months. Second-quarter profit rose 18 percent from a year ago to 3.09 billion rupees ($61 million), beating a 2.83 billion-rupee estimate of analyst, according to Bloomberg data.

Tata Power Co. (TPWR IN) dropped 2.5 percent to 98.80 rupees, the biggest decline since Oct. 20. The developer of India’s first 4,000-megawatt plant swung to a group loss of 12.19 billion rupees in the second quarter ended Sept. 30, compared with a profit of 6.73 billion rupees last year.

Uniphos Enterprises Ltd. (UPE IN) increased 3.9 percent to 27 rupees, the largest gain in a month. The company had about 5 percent of its equity, or 1.28 million shares traded in a single block deal on National Stock Exchange, according to the Bloomberg data.

--Editor: Ravil Shirodkar

To contact the reporter on this story: Shikhar Balwani in Mumbai at sbalwani@bloomberg.net; Hemal Savai in Mumbai at hsavai@bloomberg.net.

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.


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