Chart: US-Traded Indian Stocks - Week Over Week Price & Volume Breakouts

by: SA Editors

Last week’s price movement in the India sector ranged from +16.5% (NYSEARCA:VSL) to -22.8% (OTC:CVNS). CVNS & CTSH led week over week volume increases with 302% and 146%, respectively.

New 52 week highs were reached by CTSH ($69.67), IGTE ($7.50), MTE ($9.58), RDY ($37.67), SYNT ($23.55) & TTM ($21.99).

Key developments that drove individual stocks:

● On May 4th, Covansys Corp. (OTC:CVNS) announced Q1 2006 earnings of $0.13/share, down from $0.21/share for Q1 2005.

● On May 3rd, Cognizant Technology Solutions Corp. (NASDAQ:CTSH) reached an all time high after reporting Q1 2006 earnings of $0.32/share. Analysts were expecting $0.29/share


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Data in table version -- click on a ticker for opinion and analysis of the company:
Price Volume
Ticker Company Change Change
CTSH Cognizant Technology Solutions Corp. 8.5%
146.0%
CVNS Covansys Corp. -22.8%
301.8%
HDB HDFC Bank Ltd. 3.9%
-31.8%
IBN ICICI Bank Ltd. 9.2%
30.5%
IGTE iGATE Corp. -7.8%
2.4%
INFY Infosys Technologies Ltd. 4.5%
-42.9%
KBAY Kanbay International Inc. 1.9%
-3.5%
LIOX Lionbridge Technologies Inc. -0.2%
23.9%
MTE Mahanagar Telephone Nigam Ltd. 3.8%
-20.5%
RDY Dr. Reddy's Laboratories Ltd. 16.2%
68.8%
REDF Rediff.com India Ltd. 7.1%
6.2%
SAY Satyam Computer Services Ltd. 3.7%
-43.4%
SIFY Sify Ltd. 4.2%
-45.3%
SYNT Syntel Inc. 6.3%
4.5%
TTM Tata Motors Ltd. 5.2%
-6.4%
VSL Videsh Sanchar Nigam Ltd. 16.5%
46.5%
WIT Wipro Ltd. 2.9%
18.7%

Data: Capital IQ

Related:

  1. Most recent opinion and analysis of India stocks
  2. Full transcripts of recent conference calls in the India sector
  3. Add the India Stock Blog to your My Yahoo! page

Aside: Did you know that Seeking Alpha now publishes a one-page recap of Jim Cramer's Mad Money stock picks?