NEW YORK ( Karvy) -- Here are the winners and losers among emerging-market stocks the past week.
China: Winners and Losers
Qiao Xing Mobile Communication
emerged a major gainer last week, adding 30%. Parent company
Qiao Xing Universal Resources
revealed that its board has authorized the purchase QXM's outstanding shares in exchange for 1.9 shares of XING's common stock plus 80 cents in cash for each minority share.
gained 16.8% on surging volumes. Zacks Investment Research reaffirmed a neutral rating on the stock.
zoomed higher by 16.5%. The company has established a $100 million fund to finance mobile game development, focusing on investments in both Chinese and external developers. The fund has been formed in partnership with three China-based investment firms.
Sinopec Shanghai Petrochemical
China Housing & Land Development
climbed 15.3% after Zacks included the stock in its four powerful "buy" stocks. The research firm upgraded CHLN to outperform from an earlier rating of neutral.
China Nepstar Chain Drugstore
notched up a 14.9% gain, benefiting from rising volumes.
China Architectural Engineering
was the major loser, plunging 75%.
China Green Agriculture
plummeted 18.6% after J Capital Research published a research report stating that the stock is worth less than a third of its price. Further, the report adds that the company has overstated its actual earnings and revenue. The report refuted the company's claim that it makes humic acid through a valuable proprietary process, instead saying that CGA uses an easily replicable process.
China Natural Resources
New Oriental Energy & Chemical
fell 13.4% and 9.4%, respectively.
Major agriculture stocks like
declined 6.9% and 5.1%, respectively.
India: Winners and Losers
topped the gainers' list last week, accumulating 13.3% after William Blair upgraded the stock to outperform from market perform. Meanwhile, Deutsche Bank raised its rating on Syntel to buy from hold, adding a further 15% upside. The bank expects Syntel to announce strong fourth-quarter results.
held on to its second position, increasing 5.3% on unusually high trading volume.
Cognizant Technology Solutions
rose 2.5%. Last week, UBS raised the company's price target to $86 from $71.
rose 2.2%. The company is currently is reworking its travel business model SifyTripz.