ADRs of Rediff.com, Make My Trip and Sify Technologies tanked by 64.47%, 30.97% and 23.31% respectively. These three firms are not listed on Indian stock markets.
Of the 11 Indian firms listed on the New York Stock Exchange and the NASDAQ via ADRs, for CY2015 (YTD) only 4 Indian companies have outperformed the benchmark indices, Dow Jones Industrial Average (DJAI) and NASDAQ Composite index.
The Mumbai-based provider of Business Process Management and Outsourcing solutions WNS Holdings offered 47.37% return (YTD) in CY2015. The company has 200+ clients globally.
The hefty return offered by WNH Holdings seems robust as the benchmark DJIA index offers negative return of 1.65% in CY2015.
India’s leading private sector lender, HDFC Bank Ltd, is all set to end 2015 on a progressive note with its shares on NYSE offering 19% return. Similarly, on home turf, HDFC Bank’s stock has surged by 13.28%, outperforming the S&P BSE Sensex which tumbled by 5.16% in 2015. Also, the BSE Bankex also plunged by 9.44%.
Indian IT bellwether Infosys Ltd, listed on both NYSE and BSE, offered a double treat to its investors with Infosys’ ADRs soared 7.06% on NYSE and the company’s shares advanced 12.01% on BSE. Similarly, the Azim Premji-led Wipro Ltd offered 3.53% return on NYSE and 1.59% return on BSE.
Dr. Reddy’s Lab disappointed the investors at both stock exchanges as its ADRs slipped by 8.68% and the company’s stocks fell by 4.49% on BSE.
For Tata Motors Ltd, Wall Street proved more fatal than Dalal Street with its ADR crashed by 29.5% as compared to a fall of 20.08% in its share price on BSE. Similarly, the bad year for Indian banking sector contaminated ICICI Banks ADRs in the US also. The ADRs of India’s largest lender in private sector nosedived by 31.34%, while its shares plummeted by 25.02% back home.
2015 brought enough trouble for the Anil Agarwal-owned Vedanta Ltd. The diversified mining conglomerate bore the brunt in oil exploration, iron ore mining and other related businesses in 2015. The company’s ADRs went southward by 58.98%, while its shares fell by 57.13% on BSE.
On NASDAQ, where tech firms are listed in the US, three Indian IT and tech companies are listed and they all bled in 2015 despite the NASDAQ Composite index offering positive returns of 6.44% in CY2015 (YTD).
ADRs of Rediff.com, Make My Trip and Sify Technologies tanked by 64.47%, 30.97% and 23.31% respectively. These three firms are not listed on Indian stock markets.
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