SBI GDR up 1.19%

ADR/GDR Report

The Instanex Skindia DR Index (ISDI) was up 0.02 per cent to 862.80 in early morning trades in the western markets on Monday. Among ISDI global depository receipts, four advanced, two remained unchanged and one lost ground.

The major gainers were SBI, up 1.19 per cent to $21.25 registering volume of 175,200 GDRs, Ranbaxy, up 0.99 per cent to $20.50 registering volume of 84,622 GDRs, and Reliance, up 0.53 per cent to $20.81 registering volume of 298,841 GDRs. The only loser was ITC, down 0.61 per cent to $22.07 registering volume of 93,500 GDRs.

The ISDI which represents the GDRs and ADRs of 15 actively traded companies, eased by 0.12 per cent to 862.80 on the previous day, while ISDI price to earnings multiple also edged down by 0.21 per cent to 15.80 from 15.83.

Among the ISDI GDRs and ADRs, there were nine losers and five gainers and one ruled steady and among ISDI ADRs, two advanced and six lost ground. The gainers were Dr Reddy's Lab up 1.36 per cent to $15.62, with volumes of 75,200 ADRs and MTNL up 0.61 per cent to $6.59 with volumes of 20,000 ADRs.

The major losers were VSNL down two per cent to $7.34 registering volume of 21,100 ADRs, Satyam Computer down 1.54 per cent to $19.79 registering volume of 45,300 ADRs and Wipro down 0.48 per cent to $16.69 registering volume of 32,100 ADRs.

The GDR of Reliance was also quoted lower at $20.81 as compared to $20.95. However, the GDRs of Ranbaxy Labs and Larsen firmed up to $20.50 and $17.45 respectively from $20.15 and $17.30 previously.