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Hindalco, ITC GDRs up

ADR/GDR Report

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Our Markets Bureau Mumbai
Last Updated : Jan 28 2013 | 2:33 AM IST
 The gainers were ITC (up 2.60 per cent at $19.75 registering volumes of 20,000 GDRs), followed by Hindalco (up 1.27 per cent to $26.03 with volumes of 51,410 GDRs) and Bajaj Auto with volumes of 5,000 GDRs.

 The losers were State Bank of India (down 6.45 per cent to $29 registering volumes of 8,000 GDRs) followed by Reliance (down 0.90 per cent to $22 registering volumes of 134,920 GDRs) and Ranbaxy (down 0.21 per cent to $24 with volumes of 1,497 GDRs). Larsen & Toubro remained unchanged at $16.05.

 Meanwhile, on November 20, the ISDI was down 2.85 per cent to 849.32. It was trading at a price to earnings multiple of 16.46 (down 2.85 per cent).

 On Thursday, all eight Indian ISDI American Depository Receipts lost ground. The major losers were Wipro (down 4.52 per cent to $36.95 registering volumes of 67,000 ADRs), followed by ICICI Bank (down 3.90 per cent to $12.06 with volumes of 285,700 ADRs) and Satyam Computers (down 3.14 per cent to $19.74 on volumes of 383,600 ADRs). Infy the Infosys Tech ADR closed down $1.17 to $82 while Dr Reddy

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First Published: Nov 22 2003 | 12:00 AM IST

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