India Stocks Preview: Bajaj Auto, CESC, Hindustan Zinc, TCS

India Stocks Preview: Bajaj Auto, CESC, Hindustan Zinc, TCS
By Shailendra Bhatnagar
March 3 (Bloomberg) -- The following stocks may rise or fall in Mumbai today. Prices refer to the close on Feb. 29. The preview includes news that broke after the markets shut. Stock symbols are in brackets after company names.
The Bombay Stock Exchange's Sensitive Index, or Sensex, fell 1.4 percent to 17,578.72. The S&P/CNX Nifty Index on the National Stock Exchange declined 1.2 percent to 5,223.50.
Overseas investors sold a net 5.29 billion rupees ($132.2 million) of Indian shares on Feb. 28, the nation's stock market regulator said on its Web site.
Bajaj Auto Ltd. (BJA IN): India's second largest maker of motorcycles reported total vehicle sales fell 9.1 percent to 183,807 in February. Bajaj, based in Pune, rose 60.55 rupees, or 2.7 percent, to 2,280.15.
CESC Ltd. (CESC IN): Credit Suisse has raised its share price estimate for the utility that sells power in the eastern city of Kolkata by 6.4 percent to 434 rupees, while maintaining its ``underperform'' stance on the stock. Credit Suisse said the increase in CESC's stock price forecast reflects the valuations of a proposed 1,000 megawatt power project it is setting up. CESC fell 6.55 rupees, or 1.2 percent, to 533.45.
Hindustan Zinc Ltd. (HZ IN): The nation's largest producer of the metal used to galvanize steel, raised prices by 3,200 rupees, or 2.8 percent, to 118,300 rupees a metric ton from March 1, the Udaipur, Rajasthan-based company said in an e-mailed statement. Lead prices were increased by 900 rupees a ton, or 0.6 percent, to 148,300 rupees, it said. Hindustan Zinc fell 10.5 rupees, or 1.6 percent, to 655.25.
Tata Consultancy Services Ltd. (TCS IN): The biggest exporter of software services has reached a ``multimillion euro'' accord with Nokia Siemens Networks, the world's second-biggest maker of wireless networks said. Tata Consultancy fell 5.45 rupees, or 0.6 percent, to 874.3.
Tata Motors Ltd. (TTMT IN): The No. 1 bus and truck maker cut prices on some of its cars and buses after the government lowered excise duties on them. Tata Motors reduced prices on its Indica model, the first locally designed car, by as much as 15,300 rupees, the Mumbai-based company said in a statement. It cut bus prices by 2 percent, the statement said. Tata Motors, which is planning to sell a car for $2,500, fell 10 rupees, or 1.4 percent, to 700.25.
To contact the reporter on this story: Shailendra Bhatnagar in New Delhi at