Reliance GDR rises

ADR/GDR Report

 The gainers were Reliance (up 3.42 per cent to $24.20 with volumes of 101,453 GDRs) and Bajaj Auto (up 1.25 per cent to $20.30 with volumes of 7,525 GDRs).

 The major losers were L&T (down 1.62 per cent to $18.20 with volumes of 98,139 GDRs), Ranbaxy (down 1.03 per cent to $24) and Hindalco (down 0.92 per cent to $27 with volumes of 97,200 GDRs).

 The ISDI was down 0.33 per cent to 882.39 on November 11, 2003. The price to earnings multiple was 17.00 (down 2.51 per cent).

 Two of the eight ISDI American Depository Receipts advanced. The gainers were VSNL (up 5.42 per cent to $6.22 with volumes of 229,300 ADRs) and Dr Reddy