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Eclerx Services Gains 4%; BSE IT Index Up 0.2%
Mon, 11 Nov 9:35

Eclerx Services Gains 4%; BSE IT Index Up 0.2%Image source: Ivcandy/www.istockphoto.com

Eclerx Services share price has zoomed 4% and is presently trading at Rs 3,317.7.

Meanwhile, the BSE IT index is at 42,050.2 (up 0.2%).

Among the top gainers in the BSE IT index today are Oracle Financial Services (up 1.5%) and HCl Tech. (up 0.5%).

Firstsource Solutions (down 1.4%) and Sonata Software (down 1.0%) are among the top losers today.

Over the last one year, Eclerx Services has moved up from Rs 2,094.7 to Rs 3,317.7, registering a gain of Rs 1,223.0 (up 58.4%).

On the other hand, the BSE IT index has moved up from 31,601.8 to 42,050.2, registering a gain of 33.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 194.7%), Firstsource Solutions (up 128.7%) and PERSISTENT SYSTEMS (up 81.8%).

For Investors: Our Big Prediction

What About the Benchmark Indices?

The BSE Sensex is at 79,238.1 (down 0.3%).

The top losers among the BSE Sensex today are Asian Paints (down 8.2%) and Axis Bank (down 1.3%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,144.0 . Asian Paints and BPCL are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,942.4 to 79,238.1, registering a gain of 14,295.7 points (up 22.0%).

Eclerx Services Financial Update...

Eclerx Services net profit grew 2.5% YoY to Rs 1,395 million for the quarter ended September 2024, compared to a profit of Rs 1,361 million a year ago. Net sales rose 15.2% to Rs 8,318 million during the period as against Rs 7,218 million in July-September 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 30.4.


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