ADRs, or American Depositary Receipts, are financial instruments that represent shares of a foreign company and are traded on U.S. stock exchanges. They allow American investors to buy shares in foreign companies.
Each ADR represents a certain number of shares in the Indian company and pays dividends in U.S. dollars, making it easy for U.S. investors to earn from them. Which means that one ADR is linked to a specific number of shares of the Indian company — for example, 1 ADR might equal 2 or 5 actual shares in India.
Some major Indian ADRs ( American Depositary Receipts) that are traded on U.S. stock Exchanges are Infosys, Wipro, HDFC Bank, ICICI Bank, Dr. Reddy’s Laboratories, Vedanta, and Make My Trip.
5 Indian ADRs That Fell The Most:
1. MAKE MY TRIP
MakeMyTrip is a leading Indian online travel company founded in 2000. It offers services like flight bookings, hotel reservations, holiday packages, and transport options. On Thursday, based on US market timing, Make My Trip ADR saw a fall of 13.31 percent or $14.91 from its previous closing Price of $112.04
2. HDFC BANK
HDFC Bank Ltd. is India’s largest private-sector bank by assets and market capitalization. Established in 1994 and headquartered in Mumbai, it offers a comprehensive range of banking services, including retail, corporate, and treasury operations. On Thursday, based on US market timing, HDFC Bank ADR saw a fall of 4.57 percent or $3.33 from its previous closing Price of $72.83
3. ICICI BANK
ICICI Bank is one of India’s leading private-sector banks, headquartered in Mumbai. Established in 1994, it offers a wide range of banking services, including retail banking, corporate banking, investment banking, and insurance. On Thursday, based on US market timing, ICICI Bank ADR saw a fall of 4.35 percent or $1.47 from its previous closing Price of $33.80
4. WIPRO
Wipro Ltd. is a leading Indian multinational IT services and consulting company headquartered in Bengaluru. Established in 1945, it offers services in cloud computing, cybersecurity, digital transformation, artificial intelligence, robotics, and data analytics across several countries. On Thursday, based on US market timing, Wipro ADR saw a fall of 3.45 percent or $0.10 from its previous closing Price of $2.90
5. DR REDDY’S LABORATORIES
Dr. Reddy’s Laboratories is a leading Indian multinational pharmaceutical company headquartered in Hyderabad. Founded in 1984 by Dr. Kallam Anji Reddy, the company develops and manufactures a wide range of pharmaceutical products, including generic drugs, active pharmaceutical ingredients (APIs), over-the-counter medications, and biologics. On Thursday, based on US market timing, Dr Reddy’s Laboratories ADR saw a fall of 2.51 percent or $0.34 from its previous closing Price of $13.52
Next Day Indian Market Reaction
Today Indian Markets saw a huge sell-off in the Index with Nifty 50 falling to a low of 23,935, down 1.39 percent or 338 points from yesterday’s close of 24273. Nifty Bank Fell by 1.54 percent or 840 points to a low of 53,525 compared to yesterday’s close of 54,365. The Advance Decline ratio for Nifty showed that 2,108 Stocks were trading in Red compared to just 358 stocks that were trading in Green
Written By Abhishek Das
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