ITC GDRs rises 2.05%
ADR/GDR REPORT
| The major gainers were ITC (up by 2.05 per cent to $23.63, registering volumes of 92,900 GDRs), followed by Reliance (up 1.81 per cent to $25.25, with volumes of 112,770 GDRs) and Bajaj Auto (up 1.11 per cent to $22.75 with volumes of only 400 GDRs). |
| The losers were L&T (down 1.02 per cent to $19.40, registering volumes of 24,700 GDRs) followed by Ranbaxy (down 1 per cent to $25.74). |
| On December 15, 2003, the ISDI, which represents the GDRs and ADRs of 15 actively traded companies, was up 0.58 per cent to 978.42. The price-to-earnings ratio was 18.95 (up 0.60 per cent). |
| Among ISDI American Depository Receipts, six advanced and two lost ground. The major gainers were VSNL (up 4.56 per cent to $5.96, registering volumes of 59,100 ADRs), followed by Wipro (up 2.23 per cent to $45.90 with volumes of 129,500 ADRs) and Infosys (up 2.02 per cent to $88.76). |
| The losers were Satyam Computers (down 3.37 per cent to $25.80, with volumes of 1,713,300 ADRs) and ICICI Bank (down 0.20 per cent to $14.75 with volumes of 399,600 ADRs). |
| Among the ISDI GDRs and ADRs, there were 13 gainers and two losers. |
| The ADRs of VSNL, Wipro and Infosys Technologies quoted higher to $5.96, $45.90 and $88.76, respectively, as against $5.70, $44.90 and $87.00 previously. |