Three Indian American Depository Receipts (ADRs) ""Infosys Technologies, Satyam Computer and Wipro "" crossed milestones on January 2, 2004, yet again. Satyam Computer hit an all-time high of $32.30 on the New York Stock Exchange (NYSE), and its market capitalisation crossed $5 billion to touch $5.14 billion. |
The Nasdaq-listed Infosys Technologies' ADR touched $100.53 in intra-day trades, but closed a tad below at $99.30. |
Wipro, listed on the NYSE, crossed the $50 mark to close at $51.70. The Wipro ADR touched $52 in intra-day trading. |
The Satyam ADR has been gaining since it was listed on the NYSE in May 2001. In the last three months, its price has appreciated 150 per cent, from $12.90 on September 30, 2003, to $32.30 on January 2, 2004. |
The Infosys ADR price has shot up to nearly $100 rapidly. In June 2003, it was languishing at $50, but it had touched an all-time high of $168.88 on August 22, 2000. |
The Infosys ADR gained 4.09 per cent on January 2 and 13.77 per cent in the last four trading days. Its price has doubled in the past six months. |
The Wipro ADR price, too, has doubled in the past six months, from $24.40 on August 27, 2003. |
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