7-week streak of WNS Holdings ends.
Bureau Report
NEW YORK: Technology bellwether Infosys and Wipro managed to close in the green in the U.S. stock exchanges in the week ended February 22, while other Indian stocks listed closed in the negative territory in tune with the broader index S&P 500. WNS Holdings, which had a continuous uptick of seven straight weeks, witnessed reversal of fortunes and closed in the red.
Both Infosy and Wipro advanced 4.05 percent and 2.83 percent, respectively in the week ended February 22 reversing the losses suffered in the previous two weeks. However, Cognizant Technology Solutions continued its downtrend for the third straight week. BPO company WNS Holdings shed 2.02 percent in the week for the first time in the current year.
Financial stocks HDFC Bank and ICICI Bank also continued its negative run suffering a loss of 1.63 percent and 2.27 percent, respectively. Similarly, automobile stock Tata Motors dipped 1.04 percent.
Sterlite Industries was a poor performer not only for the week but also in the current year. Of the eight weeks in the current year, the stock is on the losing streak in six months and managed to post gain in only two weeks. In the latest week, Sterlite sunk 3.25 percent on top of a 4.52 percent loss in the previous week.
For the third straight week, Dr. Reddy’s Laboratories dropped 2.13 percent, while Rediff.com shed 4.08 percent during the week.
In comparison, the S&P 500 and the Nasdaq lost 0.28 percent and 0.95 percent, respectively, whereas the Dow Jones Industrial Averages managed to post a modest gain of 0.13 percent.
For the year-to-date period, WNS Holdings continues to be in the limelight with a gain of 35.19 percent followed by Infosys by 26.43 percent, while Sterlite Industries is the worst performer losing 16.96 percent. Financial, automobile and pharma stocks continued to lag behind the major indices.
Comparison of Stocks closing price for the week ended February 22, 2013 Vs. February 15, 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 |
76.38 |
76.85 |
-0.61% |
73.88 |
3.38% |
Infosys |
53.48 |
51.4 |
4.05% |
42.3 |
26.43% |
Wipro |
9.46 |
9.2 |
2.83% |
8.76 |
7.99% |
WNS (Holdings) |
14.1 |
14.39 |
-2.02% |
10.43 |
35.19% |
HDFC Bank |
39.19 |
39.84 |
-1.63% |
40.72 |
-3.76% |
ICICI Bank |
42.19 |
43.17 |
-2.27% |
43.61 |
-3.26% |
Tata Motors |
27.57 |
27.86 |
-1.04% |
28.72 |
-4.00% |
Dr. Reddy’s Laboratories |
33.16 |
33.88 |
-2.13% |
33.29 |
-0.39% |
Sterlite Industries |
7.15 |
7.39 |
-3.25% |
8.61 |
-16.96% |
Rediff.com |
2.82 |
2.94 |
-4.08% |
2.85 |
-1.05% |
S&P 500 |
1515.6 |
1519.79 |
-0.28% |
1426.19 |
6.27% |
Dow Jones Industrial Averages |
14000.57 |
13981.76 |
0.13% |
13104.14 |
6.84% |
Nasdaq |
3161.82 |
3192.03 |
-0.95% |
3019.51 |
4.71% |