Bajaj auto GDR slips

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was up 0.87 per cent to 1,064.65 on April 20 in early morning trades in the western markets. Among ISDI global depository receipts (GDRs), two advanced, two remained unchanged and three lost ground.

The gainers were Ranbaxy, up 0.62 per cent to $24.25 registering volume of 17,900 GDRs and SBI, up 0.36 per cent to $41.40 registering volume of 42,844 GDRs.

The major losers were Bajaj Auto, down 4.02 per cent to $21.50 registering volume of 24,275 GDRs, Reliance, down 2.37 per cent to $28.80 registering volume of 21,915 GDRs and L&T, down 0.04 per cent to $26.99.

The Instanex Skindia DR Index, representing the GDRs and ADRs of 15 actively-traded companies, ended up by 0.51 per cent to 1,065.54. The ISDI price to earnings multiple also moved up by 0.54 per cent to 18.77 from 18.67, previously.

Among ISDI ADRs, five advanced and three lost ground and among the ISDI GDRs and ADRs, there were seven gainers, seven losers and one ruled steady.

The major gainers were Satyam Computer, up 6.59 per cent to $22.98, Wipro, up 5.11 per cent to $49.20 and Infosys, up 4.26 per cent to $88.50. The losers were Dr Reddy's Labs, down 0.95 per cent to $21.80, MTNL, down 0.36 per cent to $8.24 and HDFC Bank, down 0.32 per cent to 30.76.

However, the GDRs of Reliance, State Bank of India and L&T declined to $ 29.05, $41.29 and $26.99, respectively, from $29.95, $42.25 and $27.49, previously.