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Hindalco Gdr Slips

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Our Markets Bureau BUSINESS STANDARD

The Instanex Skindia DR Index (ISDI) gained 0.75 per cent to 603.28 on July 2 compared with its previous close at 5:00 PM IST.

Among ISDI global depository receipts, three advanced, one lost ground and three remained unchanged.

The only gainers were L&T (up 1.92 per cent to $10.60), Reliance (up 0.69 per cent to $14.60) and State Bank of India (up 0.24 per cent to $20.65). The only loser was Hindalco (down 2.15 per cent to $15.95).

The ISDI representing the ADRs and GDRs of the 15 actively-traded companies edged up further by 0.55 per cent to 601.00 on July 1 as against its previous close of 597.71, an Instanex Capital release said.

 

The ISDI P/E ratio also moved up by 0.53 per cent to 12.44 compared with 12.37 previously. Among the Indian ADRs and GDRs, there were 14 gainers, six losers, 52 ruled steady.

Among the Indian ADRs, 6 advanced, 1 lost ground and 1 remained unchanged. The major gainers were HDFC Bank (up 5.07 per cent to $19.70), Dr Reddy

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First Published: Jul 03 2003 | 12:00 AM IST

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