Hindalco GDR up 0.48%

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was down 0.79 per cent to 812.09 on June 22 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""Hindalco, up 0.48 per cent to $20.75, registering volume of 800 GDRs and Ranbaxy, up 0.26 per cent to $19.25, registering volume of 131,888 GDRs.

The major losers were Reliance, down 2.28 per cent to $19.30, registering volume of 101,038 GDRs, ITC, down 2.10 per cent to $19.75, registering volume of 4,500 GDRs and Bajaj Auto, down 0.15 per cent to $19.52, registering volume of 7,900 GDRs.

The ISDI, representing GDRs and ADRs of 15 actively-traded companies, declined further by 1.27 per cent to 813.74 on June 21 as against 824.19 on June 18. The ISDI P/E ratio also edged down 0.71 per cent to 14.99 as against 15.10 previously.

On June 21, among ISDI ADRs, two advanced and six lost ground and among the ISDI GDRs and ADRs, there were ten losers, three gainers and two ruled steady.

The gainers were VSNL, up 2.14 per cent to $6.20, registering volume of 57,400 ADRs and Wipro, up 1.34 per cent to $45.30, registering volume of 82,800 ADRs.

The major losers were MTNL, down 1.95 per cent to $6.53, registering volume of 54,500 ADRs, ICICI Bank, down 1.52 per cent to $12.31, registering volume of 139,200 ADRs and Dr Reddy's Labs, down 1.11 per cent to $17.80, registering volume of 196,500 ADRs.

The GDRs of Ranbaxy Labs, State Bank of India and Reliance dropped to $19.10, $22.00 and $19.68, respectively, from $19.85, $22.75 and $20.30, previously. The GDR of Hindalco was also quoted higher at $ 20.50 as against $20.25, previously.