Ranbaxy GDR looks up

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was up 0.04 per cent to 854.87 on June 11, 2004. Among ISDI GDR stocks, three advanced, one remained unchanged and three lost ground.

Gainers were Ranbaxy Laboratories, up 2.03 per cent to $22.65, Bajaj Auto was up 1.01 per cent to $20 registering a volume of 25,000 GDRs and ITC was up 0.14 per cent to $21.03.

Losers were Reliance Industries, down 3.02 per cent to $20.85 registering a volume of 27,501 GDRs, Hindalco was down 2.79 per cent to $20.90, registering a volume of 13,500 GDRs and Sate Bank fell 0.39 per cent to $25.40, registering a volume of 14,211 GDRs.

In the US, on June 10, 2004, among ISDI ADR, five advanced and three lost ground. The major gainers were HDFC Bank up 3.15 per cent to $29.46, registering a volume of 71,900 GDRs, MTNL up 2.58 per cent to $6.75, registering a volume of 95,900 GDRs and VSNL was up 2.31 per cent to $6.65, registering a volume of 61,700 GDRs.

The losers were Satyam Computer down 1.08 per cent to $18.25, registering a volume of 246,800 GDRs, Dr Reddy's fell 0.26 per cent to $18.85, registering a volume of 127,500 GDRs and ICICI Bank was down 0.15 per cent to $13.13, registering a volume of 170,100 GDRs.