NEW YORK ( TheStreet) -- A few emerging market ADRs generated handsome returns during the past one week. Among the indices, Shanghai Composite Index dropped 1.9% during the last week as investors remained concerned on China's property market. Meanwhile, Brazil's Bovespa Index declined 3.6% and India's Nifty Index increased 0.2%, in comparison to Dow Jones' 3.3% fall.Among China ADRs, China Shen Zhou Mining and Resources ( SHZ) escalated 22.8% during the past one week. On Tuesday, the company reported robust second-quarter financial results wherein total revenue increased 210% to $2.2 million and net loss narrowed to $500,000 from $1.7 million. Telestone Technologies ( TSTC) was up 9.1% after the company recently won its first U.S. local access network contract. The company's second-quarter revenue soared 37% to $16.6 million. Meanwhile, Sinovac Biotech ( SVA) was up 5.9% during the past week. The company is due to report its second-quarter financial results before the market opens on Aug. 16. LDK Solar ( LDK) gained 5.1% after the company beat analyst expectation in its second-quarter results on the back of robust demand. The company's total revenue came in at $565.3 million and earnings per share of 36 cents as against the estimated $533.4 million revenue and 27 cents per share. Spreadtrum Communications ( SPRD) was up 3.6% during the week after the company posted a second-quarter profit as against a loss in the year-ago quarter, surpassing forecasts. Net income stood at $11.1 million or 21 cents per share as against a loss of $13.1 million, or 29 cents per share, a year earlier. Total revenues for the company soared to $71.4 million from $16.2 million. Longtop Financial Technologies ( LFT) increased 3.1% after the company was ranked first in China's Banking IT solution market for 2009 by IDC as its market share increased to 8.2% from 5.7% in the earlier year. Also, the company was rated second for Insurance IT solutions. Meanwhile, 51job ( JOBS) escalated 2.6% after the company's second-quarter net profit increased 161% to $8 million and operating revenue was up 35.7% to $38.7 million from the same quarter a year ago. Other Chinese ADRs Qiao Xing Mobile Communications ( QXM), eLong ( LONG) and Ninetowns Internet Technology Group ( NINE) increased 4.2%, 3.6% and 3.3%, respectively, during the past one week. Among India ADRs, Tata Communications ( TCL) was up 12.9% after news that NTT DoCoMo ( DCM) may invest $1 billion in the company in order to raise its stake to almost 40% from 26%. Tata Motors ( TTM) gained 12.6% on the company's robust earnings. The company recently announced that it is seeking to play a role in the designing of new Jaguar Land Rover engines posing as a longer term threat to Ford Motor ( F), which has the contract to supply JLR engines.
Among Brazil ADRs, Tele Norte Leste Participacoes ( TNE) edged up 0.8%. The Brazilian telecom regulator said that the telecommunications companies will now be able to sell services using a new broadband frequency that was earlier restricted only to cable TVs. This would help the operators to expand and adapt to new technologies. Meanwhile, Cia Brasileira de Distribuicao Grupo Pao de Acucar ( CBD) gained 1.8%.