India.FinancialNirvana.com » WNS Holdings http://india.financialnirvana.com Research, Analysis, Forecasting of Indian Stocks listed in the United States Thu, 03 Apr 2008 07:33:28 +0000 http://wordpress.org/?v=2.8.2 en hourly 1 WNS Holdings (WNS) up 22% on debut. Will the rise continue? http://india.financialnirvana.com/2006/07/26/wns-holdings-wns-up-22-on-debut-will-the-rise-continue/ http://india.financialnirvana.com/2006/07/26/wns-holdings-wns-up-22-on-debut-will-the-rise-continue/#comments Thu, 27 Jul 2006 01:57:19 +0000 Himanshu Pandya http://india.financialnirvana.com/2006/07/26/wns-holdings-wns-up-22-on-debut-will-the-rise-continue/ WNS Holdings Limited (NYSE: WNS) opened with a bang on NYSE, closing the day up 22.5% to $24.50.

Fiscal 2006 Financials:

Revenue: $202.8 million

Gross Profit: $57.1 million

Net Income: $18.3 million

WNS Holding’s target industries (Source: Prospectus):

Will the rise continue?

Now the last Indian outsourcing company to IPO on NYSE was Patni Computer Systems (NYSE: PTI). Patni debuted at $20.34, opened at $23.80, hit a high of $24.50 and closed at $22.74 on its opening day (Source: Marketwatch.com). However, after a spectacular opening the stock has severly underperformed and is sitting at $12.39 today.  Patni has no buzz to it and seems to be a forgotten stock. Today’s volume was only 30,900 and average daily volume is only 164,653.

I personally see something similar happening with WNS Holdings after the buzz dies away.

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