All other Indian stocks closes in the red.
Bureau Report
NEW YORK: All the Indian stocks listed in the U.S. bourses closed in the red in the week ended March 15. However, WNS Holdings bucked the trend to continue to remain investors’ favorite.
Of the 11 weekly closing in 2013, WNS Holdings advanced in 10 weeks and the latest weekly closing witnessed 1.42 percent gain over the preceding week. As a result, the stock surged 43.43 percent in the current year.
In the IT space, while Infosys and Wipro ended the three weekly closing gains to shed 2.67 percent and 1.78 percent, respectively, Cognizant Technology Solutions finished in the red by losing 2.67 percent after witnessing two straight weekly closing gains. Rediff.com, which advanced over 14 percent in the preceding weekly, also shed 10.46 percent.
Financial stocks were the bad performers, with HDFC Bank and ICICI Bank dropped 4.29 percent and 5.93 percent, respectively. While Tata Motors plunged 3.25 percent in the automobile sector, Sterlite Industries slipped 1.73 percent, which is the worst performer for the year-to-date period having lost 14.4 percent in 2013. Dr. Reddy’s Laboratories skid modestly by 0.09 percent.
In comparison, the major indices, the S&P 500, the Dow Jones Industrial Averages and the NASDAQ moved up by 0.61 percent, 0.81 percent, and 0.14 percent, respectively, during the week.
For the year-to-date period, Infosys remained the second best performer with a gain of 26.69 percent followed by Wipro by 13.24 percent. Financial stocks, HDFC Bank and ICICI Bank remains in the red losing 5.26 percent and 3.21 percent, respectively, in the week.
Comparison of Stocks closing price for the week ended March 15, 2013 vs. March 8, 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 |
78.36 |
80.51 |
-2.67% |
73.88 |
6.06% |
Infosys |
53.59 |
55.06 |
-2.67% |
42.3 |
26.69% |
Wipro |
9.92 |
10.1 |
-1.78% |
8.76 |
13.24% |
WNS (Holdings) |
14.96 |
14.75 |
1.42% |
10.43 |
43.43% |
HDFC Bank |
38.58 |
40.31 |
-4.29% |
40.72 |
-5.26% |
ICICI Bank |
42.21 |
44.87 |
-5.93% |
43.61 |
-3.21% |
Tata Motors |
27.36 |
28.28 |
-3.25% |
28.72 |
-4.74% |
Dr. Reddy’s Laboratories |
33.35 |
33.38 |
-0.09% |
33.29 |
0.18% |
Sterlite Industries |
7.37 |
7.5 |
-1.73% |
8.61 |
-14.40% |
Rediff.com |
2.74 |
3.06 |
-10.46% |
2.85 |
-3.86% |
S&P 500 |
1560.7 |
1551.18 |
0.61% |
1426.19 |
9.43% |
Dow Jones Industrial Averages |
14514.11 |
14397.07 |
0.81% |
13104.14 |
10.76% |
Nasdaq |
3249.07 |
3244.37 |
0.14% |
3019.51 |
7.60% |