Hindalco Industries, Jindal Poly Films, NMDC, Wipro: India Equity Preview

The following companies may have unusual price changes in India trading. Stock symbols are in parentheses and share prices are as of the last close.

The Bombay Stock Exchange Sensitive Index, or Sensex, fell 16.88, or 0.1 percent, to 18,221.43. The S&P CNX Nifty Index on the National Stock Exchange declined as much to 5,479.40. The BSE 200 Index dropped 0.1 percent to 2,345.91.

Hindalco Industries Ltd. （HNDL IN）: The nation’s biggest aluminum producer plans to spend 100 billion rupees on projects this fiscal year, Chairman Kumar Mangalam Birla said in Mumbai on Sept. 3. The shares lost 1.8 percent to 170.45 rupees.

Jindal Poly Films Ltd. （JDPF IN）: The polyester maker that more than doubled its market value in the past month aims to raise as much as 20 billion rupees （$429 million） from local and overseas investors. The company will issue securities at an “appropriate” time, it said in a Sept. 4 statement to the Bombay Stock Exchange, without giving details. The shares rose 0.2 percent to 983.70 rupees.

NMDC Ltd. （NMDC IN）: Asia’s third-biggest iron-ore producer is considering investing in Potash One Inc.’s mining project in Canada, and a rock phosphate venture in Zimbabwe as part of a plan to expand into fertilizers. The company received a proposal to study a “small” stake purchase in the Legacy project at Saskatchewan, NMDC Chairman Rana Som said in a Sept. 3 interview in Mumbai. It’s also having talks with a South African fertilizer company to buy as much as 30 percent of a rock phosphate mine in Zimbabwe, he said, without elaborating. The shares declined less than 0.1 percent to 249.1 rupees.

Wipro Ltd. （WPRO IN）: Wipro Technologies, the overseas unit of India’s third-largest software exporter, said Sept. 3 that it has formed a partnership with Oracle Corp. to jointly provide computer services to manufacturing companies. Oracle and the unit of Bangalore-based Wipro plan to offer software that will help companies manage warranty claims, according to the e-mailed statement. The shares dropped 0.5 percent to 401.3 rupees.