Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Eclerx Services Gains 12%; BSE IT Index Down 0.6%
Wed, 25 Sep 11:39

Eclerx Services Gains 12%; BSE IT Index Down 0.6%Image source: hudiemm/www.istockphoto.com

Eclerx Services share price has zoomed 12% and is presently trading at Rs 3,044.2.

Meanwhile, the BSE IT index is at 42,496.8 (down 0.6%).

Among the top gainers in the BSE IT index today are INFIBEAM AVENUES (up 2.2%) and INTELLECT DESIGN (up 0.9%).

Oracle Financial Services (down 2.7%) and ZENSAR TECHNOLOGIES (down 2.3%) are among the top losers today.

Over the last one year, Eclerx Services has moved up from Rs 1,801.3 to Rs 3,044.2, registering a gain of Rs 1,242.9 (up 69.0%).

On the other hand, the BSE IT index has moved up from 32,740.4 to 42,496.8, registering a gain of 29.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 173.7%), Firstsource Solutions (up 103.7%) and PERSISTENT SYSTEMS (up 81.3%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 84,914.1 .

The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.5%) and Axis Bank (up 0.9%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,925.2 (down 0.1%). LTIMINDTREE and Tech Mahindra are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 84,914.1, registering a gain of 18,890.4 points (up 28.6%).

Eclerx Services Financial Update...

Eclerx Services net profit grew 5.0% YoY to Rs 1,120 million for the quarter ended June 2024, compared to a profit of Rs 1,067 million a year ago. Net sales rose 14.2% to Rs 7,819 million during the period as against Rs 6,845 million in April-June 2023.

For the year ended March 2024, Eclerx Services reported 4.6% increase in net profit to Rs 5,117 million compared to net profit of Rs 4,892 million during FY23. Revenue of the company grew 10.5% to Rs 29,255 million during FY24.

The current Price to earnings ratio of Eclerx Services, based on rolling 12 month earnings, stands at 28.1.


Equitymaster requests your view! Post a comment on "Eclerx Services Gains 12%; BSE IT Index Down 0.6%". Click here!