<p>US stock market indices may be performing better than India’s popular benchmark Sensex, but individual Indian stocks have outshined their own American Depositary Receipts by up to 25 per cent in the past one year.<br /><br /></p>.<p>Amid a gloomy economic scenario, IT major Infosys’s Nasdaq-listed ADRs (American Depository Receipts) have moved down by around 9 per cent to $45.66 in the past one-year period, but its Indian shares have gained around 7 per cent to Rs 2,495.90 on the BSE in the same time.<br /><br />ADRs of Wipro has shown a similar trend and the US investors of Bangalore-headquartered IT firm have lost nearly 12 per cent in the past 12 months. However, the shares of Azim Premji-led firm on Indian stock exchanges have risen by nearly 25 per cent to Rs 381 apiece.<br /><br />ADRs are securities that represent shares of a non-US company and trade on the US bourses like NYSE and Nasdaq. Beyond IT sector, Pharma major Dr Reddy’s ADRs shed 3.5 per cent in the past one year but prices of its BSE-listed shares have risen about 17 per cent in the same period.<br /><br />In case of banks, country’s top private lenders ICICI Bank and HDFC Bank have seen local shares outshine their respective ADRs by 15-17 per cent in the past 12 months.<br /></p>
<p>US stock market indices may be performing better than India’s popular benchmark Sensex, but individual Indian stocks have outshined their own American Depositary Receipts by up to 25 per cent in the past one year.<br /><br /></p>.<p>Amid a gloomy economic scenario, IT major Infosys’s Nasdaq-listed ADRs (American Depository Receipts) have moved down by around 9 per cent to $45.66 in the past one-year period, but its Indian shares have gained around 7 per cent to Rs 2,495.90 on the BSE in the same time.<br /><br />ADRs of Wipro has shown a similar trend and the US investors of Bangalore-headquartered IT firm have lost nearly 12 per cent in the past 12 months. However, the shares of Azim Premji-led firm on Indian stock exchanges have risen by nearly 25 per cent to Rs 381 apiece.<br /><br />ADRs are securities that represent shares of a non-US company and trade on the US bourses like NYSE and Nasdaq. Beyond IT sector, Pharma major Dr Reddy’s ADRs shed 3.5 per cent in the past one year but prices of its BSE-listed shares have risen about 17 per cent in the same period.<br /><br />In case of banks, country’s top private lenders ICICI Bank and HDFC Bank have seen local shares outshine their respective ADRs by 15-17 per cent in the past 12 months.<br /></p>