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Eclerx Services Gains 2%; BSE IT Index Down 0.1%
Tue, 25 Jun 9:34

Eclerx Services Gains 2%; BSE IT Index Down 0.1%Image source: DNY59/www.istockphoto.com

Eclerx Services share price has zoomed 2% and is presently trading at Rs 2,411.3.

Meanwhile, the BSE IT index is at 36,131.1 (down 0.1%).

Among the top gainers in the BSE IT index today are INTELLECT DESIGN (up 4.2%) and Birlasoft (up 1.4%).

HAPPIEST MINDS TECHNOLOGIES (down 7.6%) and ROUTE MOBILE (down 2.6%) are among the top losers today.

Over the last one year, Eclerx Services has moved up from Rs 1,734.4 to Rs 2,411.3, registering a gain of Rs 677.0 (up 39.0%).

On the other hand, the BSE IT index has moved up from 29,410.8 to 36,131.1, registering a gain of 22.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 150.8%), INFIBEAM AVENUES (up 105.2%) and Birlasoft (up 102.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 77,489.1 (up 0.2%).

The top gainers among the BSE Sensex today are HDFC Bank (up 1.0%) and Ultratech Cement (up 0.9%). The most traded stocks in the BSE Sensex are ICICI Bank and HDFC Bank.

In the meantime, NSE Nifty is at 23,578.6 (up 0.2%). HDFC Bank and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,489.1, registering a gain of 13,965.9 points (up 22.0%).

Eclerx Services Financial Update...

Eclerx Services net profit fell 1.9% YoY to Rs 1,299 million for the quarter ended March 2024, compared to a profit of Rs 1,324 million a year ago. Net sales rose 10.6% to Rs 7,665 million during the period as against Rs 6,931 million in January-March 2023.

For the year ended March 2023, Eclerx Services reported 17.1% increase in net profit to Rs 4,892 million compared to net profit of Rs 4,178 million during FY22. Revenue of the company grew 22.6% to Rs 26,479 million during FY23.

The current Price to earnings ratio of Eclerx Services, based on rolling 12 month earnings, stands at 23.1.


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