Instanex Skindia GDR Index declines further

MUMBAI, Apr 17: The Instanex Skindia GDR Index declined further by 9.02 points, or 0.40 per cent, to 2,239.19 as on April 16 from 2,248.20 in the previous session.
However, the P/E ratio moved up to 21.75 as 21.63 in the previous session, an Instanex Capital release said here today.
The following are the GDR and ADR rates for April 16 in US dollars, with the difference vis-a-vis the previous level given as a percentage in brackets: Company: Price Percent chg Dr Reddy’s Labs (ADR) 33.66 (+1.11) Gail (GDR) 41.62 (-0.79) Grasim Industries (GDR) 50.38 (-1.83) ICICI Bank (ADR) 33.49 (+0.63) Infosys Tech (ADR) 47.49 (-3.38) ITC (GDR) 4.67 (+1.76) L&T (GDR) 25.25 (+1.90) Mahindra & Mahindra (GDR) 13.12 (-3.03) Ranbaxy Labs (GDR) 9.80 (+3.27) Reliance (GDR) 28.88 (-0.38) Satyam Computer (ADR) 2.64 (unch.) State Bank of India (GDR) 86.72 (-0.95) Sterlite Industries (ADR) 8.23 (-1.20) Tata Communication (ADR) 8.74 (unch) Tata Motors (ADR) 28.85 (-3.33) (PTI)