India Hot Stocks:Punjab Tractors down as swap ratio disappoints

(Adds Punjab Tractors)

MUMBAI, July 30 (Reuters) - The following stocks were on the move at the BSE on Wednesday.

At 3:13 p.m. the benchmark 30-share BSE index .BSESN was up 3.55 percent at 14,281.61 points.

The 50-share National Stock Exchange Index .NSEI was up 2.97 percent at 4,314.10 points.

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* Punjab Tractors Ltd PTRA.BO slipped to a year low of 172.45 rupees after Mahindra & Mahindra Ltd (MAHM.BO: Quote, Profile, Research), which holds 64.4 percent in the tractor maker, said it will issue one of its share for every three Punjab Tractor shares, disappointing the market. The share is down by its maximum daily limit of 20 percent.

(3:13 a.m.)

(prashant.mehra@thomsonreuters.com)

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