Reliance GDR up 3.23%

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was up 1.51 per cent to 864.93 in early morning trades in the western markets on Thursday. Among the ISDI global depository receipts, six advanced and one lost ground.

The major gainers were Reliance, up 3.23 per cent to $21.11, registering volume of 34,303 GDRs, Bajaj Auto, up 3.20 per cent to $19.35, registering volume of 38,000 GDRs, and Hindalco, up 1.81 per cent to $25.25, registering volume of 5,000 GDRs. The only loser was L&T down 2.54 per cent to $17.30.

The ISDI, representing the GDRs and ADRs of 15 actively traded companies, firmed up by 1.16 per cent to 860.60 on the previous day, while the ISDI price to earnings multiple also closed up by 1.36 per cent to 15.78 from 15.57, previously.

Among the ISDI GDRs and ADRs, there were eleven gainers and four losers and among the ISDI ADRs, five advanced and three lost ground. The major gainers were Infosys, up 3.29 per cent to $51.42, Dr. Reddy's Lab, up 2.39 per cent to $15.44 with volumes of 98,400 ADRs, and ICICI Bank, up 1.58 per cent to $12.25 with volumes of 498,800 ADRs.

The losers were Wipro, down 0.81 per cent to $17.06, registering volume of 76,100 ADRs, HDFC Bank, down 0.69 per cent to $27.51, registering volume of 79,700 ADRs, and MTNL, down 0.29 per cent to $6.80 registering volume of 52,700 ADRs. The GDR of L&T was also quoted higher at $17.46 compared with $17.16 previously.