Following ADR's are listed on NYSE and NASDAQ:
In case one is holding these blue chips then one can get return from these companies listed ADR's as these stocks in overseas market trades at a premium because of more liquidity chasing few good quality stockss on the overseas bourses.
Thus with 2 way fungibility allowed one can make money by buying shares in one exchange and selling in another exchange and pocketing the profit but one must consider overhead in form of brokerage cost and other taxes liabilty in mind to avoid being caught off guard.
One must understand risk associated with it that it takes approximately 5 days to get conversion of shares to ADR's or viceversa and thus any wild swing because of dollar can create windfall gains or losses.
- Wipro
- Satyam Computer
- Patni Computers
- Tata Motors
- DR Reddy Lab
- MTNL
- VSNL
- Infosys
- HDFC Bank
- ICICI Bank
In case one is holding these blue chips then one can get return from these companies listed ADR's as these stocks in overseas market trades at a premium because of more liquidity chasing few good quality stockss on the overseas bourses.
Thus with 2 way fungibility allowed one can make money by buying shares in one exchange and selling in another exchange and pocketing the profit but one must consider overhead in form of brokerage cost and other taxes liabilty in mind to avoid being caught off guard.
One must understand risk associated with it that it takes approximately 5 days to get conversion of shares to ADR's or viceversa and thus any wild swing because of dollar can create windfall gains or losses.
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