BPO company has whopping 8.16% gain on US exchanges.
Bureau Report
NEW YORK: A mixed bag of fortunes for the Indian stocks listed in the U.S. stock exchanges continued in the week ended February 1, too. However, BPO company WNS Holdings led a strong show, recording a whopping 8.16 percent gain during the week compared to the major stock indices.
While two stocks remained in the red, other Indian companies’ stocks managed to post a slender to significant gains. Technology companies led by Cognizant Technology Solutions remained in the limelight. The company’s shares advanced 1.74 percent, while Infosys and Wipro edged up by 0.28 percent and 1.27 percent, respectively. However, Rediff.com bucked the trend to post a loss of 2.31 percent.
In the financial space, ICICI Bank closed higher by 2.95 percent, whereas HDFC Bank slipped 0.22 percent. Auto maker Tata Motors managed a slender gain of 0.7 percent, while Dr. Reddy’s Laboratories extended its advance by 1.53 percent and Sterlite Industries gained 2.26 percent.
In comparison, the S&P 500 advanced 0.68 percent to 1513.17 points from 1502.96 points, while the Dow Jones Industrial Averages settled at 14,009.79 points gaining 0.82 percent from 13,895.98 points and the NASDAQ extended its lead by 0.93 percent to 3,179.10 points from 3,149.71 points in the previous week.
For the year-to-date too, WNS Holdings performed creditably in the U.S. bourses advancing 27.04 percent followed by Infosys that climbed 24.87 percent. Cognizant Technology Solutions, ICICI Bank, and Dr. Reddy’s Laboratories have performed better than the major indices. The worst performer is Tata Motors losing 2.99 percent. Interestingly, Tata Motors stock was a significant gainer last year. Sterlite Industries joined the loser’s pack, while HDFC Bank remained flat for the same period.
Comparison of Stocks closing price for the week ended February 1, 2013 Vs. January 25, 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 |
78.98 |
77.63 |
1.74% |
73.88 |
6.90% |
Infosys |
52.82 |
52.67 |
0.28% |
42.3 |
24.87% |
Wipro |
9.55 |
9.43 |
1.27% |
8.76 |
9.02% |
WNS (Holdings) |
13.25 |
12.25 |
8.16% |
10.43 |
27.04% |
HDFC Bank |
40.72 |
40.81 |
-0.22% |
40.72 |
0.00% |
ICICI Bank |
47.76 |
46.39 |
2.95% |
43.61 |
9.52% |
Tata Motors |
27.86 |
27.84 |
0.07% |
28.72 |
-2.99% |
Dr. Reddy’s Laboratories |
36.57 |
36.02 |
1.53% |
33.29 |
9.85% |
Sterlite Industries |
8.58 |
8.39 |
2.26% |
8.61 |
-0.35% |
Rediff.com |
2.96 |
3.03 |
-2.31% |
2.85 |
3.86% |
S&P 500 |
1513.17 |
1502.96 |
0.68% |
1426.19 |
6.10% |
Dow Jones Industrial Averages |
14009.79 |
13895.98 |
0.82% |
13104.14 |
6.91% |
Nasdaq |
3179.1 |
3149.71 |
0.93% |
3019.51 |
5.29% |