Ranbaxy GDR up 3.27%

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was up 0.64 per cent to 1,194.12 on February 2 in early morning trades. Among ISDI global depository receipts (GDRs) three gained, two remained unchanged and two lost ground.

The major gainers were Ranbaxy, up 3.27 per cent to $25.25, L&T, up 1.86 per cent to $22.4 and ITC, up 0.99 per cent to $30.60. The major losers were State Bank of India, down 0.65 per cent to $38.00 and Reliance, down 0.44 per cent $24.99.

The ISDI, representing the GDRs and ADRs of 15 actively-traded companies, recovered marginally by 0.18 per cent to 1,194.60 on February 3 from the previous level of 1,192.50.

The ISDI price to earnings ratio also inched up by 0.20 per cent to 18.97 from 18.93, previously.

Among the ISDI GDRs and ADRs, there were six gainers, five losers and four ruled steady and among ISDI ADRs, three ADRs gained, two remained unchanged and three lost ground.

The major gainers were ICICI Bank, up 0.99 per cent to $20.40, HDFC Bank, up 0.11 per cent to $44.62 and Infosys, up 0.06 per cent to $67.20. The major losers were Dr Reddy's, down 1.47 per cent to $16.78, Satyam, down 0.78 per cent to $24.10 and MTNL, down 0.58 per cent to $6.86.

The GDRs of L&T and ITC looked up to $22.40 and $30.60, respectively, from $21.99 and $30.30, previously. The GDR of State Bank of India also edged down to $38.00 from $38.25, previously.