Hindalco, L&T GDRs up
ADR/GDR REPORT
| The major gainers were L&T which was up 4.28 per cent to $19.50 and Hindalco (up 4.22 per cent to $28.40), both registering volumes of 15,000 GDRs each. Next in line was Reliance which went up 1.62 per cent to $25.15 with volumes of 45,320 GDRs. |
| The losers were Ranbaxy (down 1.17 per cent to $25.45 with volumes of 20,465 GDRs), followed by Bajaj Auto (down 1.14 per cent to $21.75) and State Bank of India (down 0.66 per cent to $29.90 with volumes of 8,350 GDRs). |
| The ISDI, which represents ADRs and GDRs of 15 actively traded companies, was down 0.73 per cent to 943.28 on December 09, 2003 and was trading at a price to earnings multiple of 18.26 (down by 0.68 per cent). |
| Among the ISDI American Depository Receipts, four advanced and four lost ground while among the GDRs and ADRs, there were nine gainers and six losers. |
| The major gainers were Dr Reddy's (up 3.51 per cent to $29.76 registering volumes of 226,500 ADRs), followed by Infosys (up 0.60 per cent to $84) and Wipro (up 0.15 per cent to $40.66 with volumes of 27,800 ADRs). |
| The losers were HDFC Bank (down 3.33 per cent to $27.02 with volumes of 40,200 ADRs), Satyam Computers (down 2.17 per cent to $22.53 with volumes of 737,200 ADRs) and VSNL (down 2.15 per cent to $5.91 on volumes of 66,900 ADRs). |
| The GDRs of Ranbaxy Labs, Hindalco and L & T shot up to $26.00, $28.55 and $19.00 respectively from $24.40, $27.25 and $18.30 previously. |