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L&T GDR up

ADR/GDR REPORT

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Our Markets Bureau Mumbai
Last Updated : Feb 06 2013 | 8:52 AM IST
The Instanex Skindia DR Index (ISDI) was up 0.33 per cent to 1,132.57 on May 16, 2005 in morning trades. Among ISDI global depository receipts, five advanced while two lost ground.
 
Major gainers were L&T, up 2.22 per cent to $23.50 and volume at 3,000, SBI, up 1.68 per cent to $38.75 and volume at 13,846, and Reliance, up 0.80 per cent to $25.15 with a volume of 6,000. Losers were Bajaj Auto, down 0.57 per cent to $26.15, and Ranbaxy, down 0.29 per cent to $23.15.
 
The ISDI, representing the GDRs and ADRs of 15 actively traded companies, had eased marginally by 0.24 per cent to 1,126.30 on May 13 as against 1,129.00 on May 12.
 
The ISDI price-to-earnings ratio also declined to 17.88 from the previous 17.90. As many as three ISDI ADRs advanced, while five lost ground. Gainers were HDFC Bank, up 1.31 per cent to $41.80, and Satyam Computer, up 1.14 per cent to $22.14, and Infosys, up 0.80 per cent to $60.31.
 
Major losers were MTNL, down 3.19 per cent to $6.06, VSNL, down 2.42 per cent to $9.29, and ICICI Bank, down 0.52 per cent to $19.09. Dr Reddy's too declined to $15.28 from $15.34.
 
Among GDRs, Bajaj Auto dropped to $26.15 from $26.30, Ranbaxy Labs to $23.18 from $23.22, Reliance to $24.93 from $25.00, ITC to $33.85 from $34.00 and SBI to $37.07 from $38.11.
 
Hindalco GDRs improved to $27.68 from $27.60 and L&T to $23.60 from $22.99.

 
 

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First Published: May 17 2005 | 12:00 AM IST

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