Instanex Skindia GDR Index continues its uptrend

MUMBAI, Sept 20: The Instanex Skindia GDR Index continued its uptrend, to gain another 20.05 points, or 0.96 per cent to 2,117.56 as on September 19 from 2,097.51 previously.

However, the P/E ratio moved down to 24.18 from 24.59, an Instanex Capital release said here today.

Following are the GDR and ADR rates for September 19 in US dollars, with the difference vis-a-vis the previous level given as a percentage in brackets: Company:                       Price  Percentage change Dr Reddy’s Labs         (ADR)  37.56   (-0.58) Gail                    (GDR)  32.00   (+5.61) Grasim Industries       (GDR)  44.92   (+9.23) ICICI Bank              (ADR)  34.02   (-2.16) Infosys Tech            (ADR)  48.51   (-1.08) ITC                     (GDR)  05.75   (+6.16) L&T                     (GDR)  14.20   (+8.56) Mahindra & Mahindra     (GDR)  13.99   (+4.40) Ranbaxy Labs            (GDR)  05.60   (+5.86) Reliance                (GDR)  28.93   (+5.09) Satyam Computer         (ADR)  02.64   (unch.) State Bank of India     (GDR)  57.60   (+8.84) Sterlite Industries     (ADR)  06.22   (unch ) Tata Communications     (ADR)  04.50   (unch ) Tata Motors             (ADR)  27.67   (+0.76) (PTI)