WNS Holdings back in the limelight.
Bureau Report
NEW YORK: India-based technology companies stocks, which are listed in the U.S. stock exchanges, performed better than the major indices and bucked the trend of other Indian stocks in the week ended March 1.
WNS Holdings, which ended in the red last week after a straight seven week gain, is back in the limelight. The stock finished the week with a gain of 2.91 percent and was also a top gainer among the Indian stocks listed in the American bourses.
Similarly, Cognizant Technology Solutions reversed the two weekly losing streaks to post a gain of 2.04 percent. Infosys and Wipro continued to advance for the second weekly closing by 0.92 percent and 2.01 percent, respectively.
Financial stocks, HDFC Bank and ICICI Bank lost 2.65 percent and 0.97 percent, respectively for the second straight closing week. Similarly, automobile stock Tata Motors ended the week by shedding 3.05 percent on top of a 1.04 percent loss in the previous week.
Sterlite Industries continued its downtrend for the fourth continuous week by shedding 3.08 percent. Similarly, Dr.Reddy’s Laboratories dropped 3.41 percent. Rediff.com is another stock that lost 6.03 percent thus continuing its weekly losing streak for the second week.
In comparison, the S&P 500, the Dow Jones Industrial Averages and the NASDAQ have all finished the week in the green by advancing 0.17 percent, 0.64 percent, and 0.25 percent, respectively.
For the year-to-date, WNS Holdings continued to be the favorite stock with a gain of 39.12 percent followed by Infosys by 27.59 percent, while the loser’s pack is continued to be led by Sterlite Industries having shed 19.51 percent. The financial, automobile, and the pharmaceutical companies stock continued to be in the red.
Comparison of Stocks closing price for the week ended March 1, 2013 vs. February 22, 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 |
77.94 |
76.38 |
2.04% |
73.88 |
5.50% |
Infosys |
53.97 |
53.48 |
0.92% |
42.3 |
27.59% |
Wipro |
9.65 |
9.46 |
2.01% |
8.76 |
10.16% |
WNS (Holdings) |
14.51 |
14.1 |
2.91% |
10.43 |
39.12% |
HDFC Bank |
38.15 |
39.19 |
-2.65% |
40.72 |
-6.31% |
ICICI Bank |
41.78 |
42.19 |
-0.97% |
43.61 |
-4.20% |
Tata Motors |
26.73 |
27.57 |
-3.05% |
28.72 |
-6.93% |
Dr. Reddy’s Laboratories |
32.03 |
33.16 |
-3.41% |
33.29 |
-3.78% |
Sterlite Industries |
6.93 |
7.15 |
-3.08% |
8.61 |
-19.51% |
Rediff.com |
2.65 |
2.82 |
-6.03% |
2.85 |
-7.02% |
S&P 500 |
1518.2 |
1515.6 |
0.17% |
1426.19 |
6.45% |
Dow Jones Industrial Averages |
14089.66 |
14000.57 |
0.64% |
13104.14 |
7.52% |
Nasdaq |
3169.74 |
3161.82 |
0.25% |
3019.51 |
4.98% |