Reliance Industries, Wockhardt, Unitech: India Equity Preview

June 30 (Bloomberg) -- The following companies may have unusual price changes in India trading. Stock symbols are in parentheses and share prices are as of June 29 close.

The Bombay Stock Exchange’s Sensitive Index, or Sensex, rose 21.10, or 0.1 percent, to 14,785.74. The S&P CNX Nifty Index on the National Stock Exchange added 0.4 percent to 4,390.95. The BSE 200 Index increased 0.7 percent to 1,811.79. SGX Nifty futures for July delivery advanced 0.8 percent to 4,424 at 10:19 a.m. in Singapore today.

Overseas investors bought a net 6.73 billion rupees ($138.70 million) of Indian stocks on June 26, increasing their total investment in equities this year to $4.94 billion, the Securities & Exchange Board of India said on its Web site.

Dredging Corp of India Ltd. (DCIL IN): The country’s biggest dredger of ports said it will pay a dividend of five rupees a share, in a statement to the National Stock Exchange yesterday. The stock gained 2.4 percent to 498.75 rupees.

Nestle India Ltd. (NEST IN): The unit of the world’s biggest food company was rated “overweight” in new coverage at HSBC Holdings Plc. The stock rose 2.7 percent to 1,920.15 rupees.

Gujarat Alkalies & Chemicals Ltd. (GALK IN): The Indian maker of caustic soda yesterday reported fourth-quarter profit of 215.8 million rupees, compared with 183.5 million rupees a year earlier. The shares gained 1 percent to 104.85 rupees.

Reliance Industries Ltd. (RIL IN): India’s most valuable company may file an appeal with the Supreme Court on its gas pricing and supply dispute with Reliance Natural Resources Ltd. (RNR IN) on July 6, NDTV Profit reported yesterday, without saying where it got the information. Reliance Industries gained 2.9 percent to 2,087 rupees. Reliance Natural Resources fell 0.6 percent to 90.9 rupees.

Reliance Communications Ltd. (RCOM IN): AT&T Inc. may acquire a stake in India’s second-largest mobile-phone operator, ET Now television channel reported yesterday without saying where it got the information. Reliance Communications fell 1.7 percent to 307.10 rupees before the report.

Sterlite Industries India Ltd. (STLT IN): The nation’s biggest copper producer said it will get a 61.5 billion rupee ($1.28 billion) loan from a consortium of lenders led by State Bank of India for a 2,400 mega-watt power project, in an e- mailed statement. The shares gained 5.2 percent to 645.70 rupees.

Suzlon Energy Ltd. (SUEL IN): India’s largest wind-turbine maker said it may sell all or part of its stake in unit Hansen Transmissions International NV to cut some of its debt amounting to $2.5 billion. The stock slid 5.2 percent to 117.10 rupees.

Unitech Ltd. (UT IN): India’s second-biggest real-estate developer said it allotted 227.5 million warrants convertible into an equal number of shares to Harsil Projects Pvt, in a statement to the Bombay Stock Exchange. Unitech rose 3.7 percent to 85.30 rupees.

Wockhardt Ltd. (WPL IN): The Indian drugmaker seeking to reorganize its debt said yesterday it will restructure $108 million of bonds and sell more non-core businesses in the next three-to-six months. The stock advanced 1.2 percent to 144.10 rupees.