Indian GDRs: GAIL up 5%, ITC gains 3%, M&M down 9%

Company

Weight

 Price (USD)

Change

% Change

Prem/Disc

 EPS

 P/E

13-May-2008

to Local

 (USD)

Skindia GDR Index

100.00%

        2,880.79

-29.62

-1.02%

2.85%

  118.48

  24.31

Dr. Reddy's (A)

1.92%

14.84

-0.14

-0.93%

0.08%

       0.86

  17.24

GAIL (G)

1.57%

57.60

2.60

4.73%

-0.94%

       3.74

  15.40

Grasim (G)

2.65%

55.25

0.05

0.09%

4.87%

       5.18

  10.67

ICICI Bank (A)

19.80%

42.45

0.23

0.54%

0.67%

       1.64

  25.94

Infosys (A)

21.67%

43.02

-0.56

-1.28%

3.68%

       1.75

  24.52

ITC (G)

0.70%

5.50

0.16

3.00%

2.73%

       0.19

  28.77

L & T (G)

4.28%

68.60

0.33

0.48%

2.63%

       1.55

  44.27

M&M (G)

1.30%

15.00

-1.50

-9.09%

-5.26%

       0.86

  17.54

Ranbaxy (G)

0.55%

11.02

-0.68

-5.81%

-4.34%

       0.37

  29.48

Reliance (G)

15.02%

118.75

-3.00

-2.46%

-0.05%

       4.35

  27.33

Satyam (A)

7.86%

26.15

-0.27

-1.02%

11.02%

       1.17

  22.45

SBI (G)

7.65%

85.00

-2.10

-2.41%

7.29%

       4.77

  17.83

Sterlite (A)

10.45%

20.01

-0.22

-1.09%

2.98%

       0.29

  69.58

Tata Comm (A)

1.04%

23.30

-0.15

-0.64%

-0.18%

       0.67

  34.74

Tata Motors (A)

3.53%

15.99

-0.08

-0.50%

1.12%

       1.27

  12.55