MTNL ADR moves up

ADR/GDR REPORT

The Instanex Skindia Dr Index, representing the GDRs and ADRs of 15 actively traded companies, edged up by 0.43 per cent to 1,229.33 on December 31 from the previous level of 1,224.00.

The Dr Index P/E ratio also looked up by 0.43 per cent to 19.65 from 19.56, previously. Among the ISDI GDRs and ADRs, there were six gainers, six losers and three ruled steady.

The ADRs of MTNL, Dr Reddy's and ICICI Bank firmed up to $ 7.98, $19.83 and $20.15, respectively from $7.76, $19.42 and $19.87, previously.

However, the ADRs of VSNL and Wipro eased to $10.28 and $24.65 respectively from $10.41 and $24.76, previously. The GDR of Hindalco also moved down to $32.86 from $33.00.