Ranbaxy GDR up 2.73%

ADR/GDR REPORT

The Instanex Skindia DR Index (ISDI) was down 1.32 per cent to 1,166.44 in the early morning trades on Thursday. Among the ISDI global depository receipts, three advanced and four lost ground.

The major gainers were Ranbaxy, up 2.73 per cent to $28.25, Reliance, up 0.99 per cent to $24.39, and ITC, up 0.17 per cent to $29. The major losers were Hindalco, down 2.18 per cent to $29.11, Bajaj Auto, down 1.80 per cent to $23.47, and State Bank of India, down 1.77 per cent to $36.10.

The ISDI, representing the GDRs and ADRs of 15 actively traded companies, dropped further by 1.49 per cent to 1,167.53 on Wednesday from the previous level of 1,185.24.

The ISDI price to earnings ratio also eased by 0.73 per cent to 20.35 per cent from 20.50 previously.

Among the ISDI GDRs and ADRs, there were 12 losers and three gainers and among the ISDI ADRs, two ADRs advanced and six ADRs lost ground.

The major gainers were Wipro, up 2.08 per cent to $24.10, and DR. Reddy's, up 1.26 per cent to $19.25. The major losers were MTNL, down 4.59 per cent to $7.90, ICICI Bank, down 3.97 per cent to $18.61, and Satyam, down 3.58 per cent to $23.40.

The GDR of ITC also edged up to $28.99 from $28.95 previously.