Indian GDRs Performance: Bajaj Auto Gains while SBI down

Bajaj Auto
Bajaj Auto GDR was up by 5 % on back of strong guidelines from the company. Analysts expect the stock to move further as the company is coming with new models in the Indian market within next couple of months.

SBI GDR was down by 6.7%. The Bank has been down in the domestic markets as well. Technical experts believe that the stock has been over-valued.

Dr. Reddy's and L & T were among other top gainers in overseas market. L & T is looking strong after the recent good performance by the company. The company is expecting to start with many new projects in the coming 3 months and the stock price has crossed all the short term resistance levels.