WNS Holdings dips more than 5%.
By R. Chandrasekaran
Pharmaceutical company Dr. Reddy’s Laboratories bucked the losing trend of Indian stocks listed in the U.S. bourses in the week ended April 5. The worst performer during the week was ICICI Bank.
Technology stocks were the major draggers in the bourses. This could be seen from the way NASDAQ performed during the week. It dropped 1.95 percent, whereas the S&P 500 and the Dow Jones Industrial Averages shed 1.01 percent and 0.09 percent, respectively.
Cognizant Technology Solutions and Infosys lost 3.86 percent and 3.49 percent, whereas Wipro dipped 0.4 percent during the week. BPO company WNS Holdings also plummeted 5.29 percent. The banking stocks, HDFC Bank and ICICI Bank suffered a loss of 3.31 percent and 8.72 percent, respectively.
Automobile stock Tata Motors continued its downtrend to lose further 3.24 percent and Sterlite Industries edged down by another 5.59 percent. Rediff.com also slipped 2.88 percent. The only Indian stock to gain during the week was Dr. Reddy’s Laboratories that closed higher by 6.28 percent.
For the year-to-date, WNS Holdings continued to be a big gainer with 33.84 percent followed by Infosys by 23 percent and Wipro by 14.84 percent. Interestingly, Cognizant Technology Solutions, which was in the limelight last year, suffered a small loss of 0.3 percent.
Comparison of Stocks closing price for the week ended April 5, 2013 vs. March 28, 2013 |
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Company name |
Closing price of current week |
Closing price of previous week |
% of up or down for current week |
closing price of last year |
YTD % of up or down |
Cognizant Technology Solutions |
73.66 |
76.62 |
-3.86% |
73.88 |
-0.30% |
Infosys |
52.03 |
53.91 |
-3.49% |
42.3 |
23.00% |
Wipro |
10.06 |
10.1 |
-0.40% |
8.76 |
14.84% |
WNS (Holdings) |
13.96 |
14.74 |
-5.29% |
10.43 |
33.84% |
HDFC Bank |
36.18 |
37.42 |
-3.31% |
40.72 |
-11.15% |
ICICI Bank |
39.16 |
42.9 |
-8.72% |
43.61 |
-10.20% |
Tata Motors |
23.62 |
24.41 |
-3.24% |
28.72 |
-17.76% |
Dr. Reddy’s Laboratories |
34.38 |
32.35 |
6.28% |
33.29 |
3.27% |
Sterlite Industries |
6.59 |
6.98 |
-5.59% |
8.61 |
-23.46% |
Rediff.com |
2.7 |
2.78 |
-2.88% |
2.85 |
-5.26% |
S&P 500 |
1553.28 |
1569.19 |
-1.01% |
1426.19 |
8.91% |
Dow Jones Industrial Averages |
14565.25 |
14578.54 |
-0.09% |
13104.14 |
11.15% |
Nasdaq |
3203.86 |
3267.52 |
-1.95% |
3019.51 |
6.11% |