Ranbaxy GDR up 2.94%

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was up 0.54 per cent to 1,127.14 on November 29 in early morning trades. Among ISDI global depository receipts (GDRs), five advanced and two lost ground.

The major gainers were Ranbaxy, up 2.94 per cent to $24.50, Bajaj Auto, up 1.09 per cent to $22.34 and ITC, up 0.90 per cent to $28.00. The major losers were Reliance, down 2.73 per cent to $23.15 and Hindalco, down 0.84 per cent to $28.25.

ISDI which tracks the ADRs and GDRs of 15 actively-traded scrips closed up 0.56 per cent to 1,121.94 on November 26 and was trading at a price to earnings multiple of 19.98 (up by 0.56 per cent).

Among the ISDI GDRs and ADRs, there were seven gainers, one loser and seven ruled steady and among ISDI ADRs, seven advanced and one lost ground.

The major gainers were VSNL, up 4.91 per cent to $9.62, Wipro, up 2.51 per cent to $23.66 and Dr Reddy's, up 2.28 per cent to $17.95. The only loser was Infosys, down 0.41 per cent to $65.70.