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Eclerx Services Plunges 4%; BSE IT Index Down 1.1%
Thu, 3 Oct 9:20

Eclerx Services Plunges 4%; BSE IT Index Down 1.1%Image source: CreativaImages/www.istockphoto.com

Eclerx Services share price has plunged 4% and is presently trading at Rs 2,955.1.

Meanwhile, the BSE IT index is at 42,358.5 (down 1.1%).

Among the top losers in the BSE IT index today are ROUTE MOBILE (down 3.5%) and Firstsource Solutions (down 3.0%).

INTELLECT DESIGN (up 0.1%) is among the top gainers today.

Over the last one year, Eclerx Services has moved up from Rs 1,860.3 to Rs 2,955.1, registering a gain of Rs 1,094.8 (up 58.8%).

On the other hand, the BSE IT index has moved up from 31,998.7 to 42,358.5, registering a gain of 32.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 176.7%), PERSISTENT SYSTEMS (up 89.0%) and Firstsource Solutions (up 85.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,002.1 (down 1.5%).

The top losers among the BSE Sensex today are Asian Paints (down 3.0%) and Tata Motors (down 2.9%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 25,452.9 (down 1.3%). BPCL and Bajaj Auto are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 83,002.1, registering a gain of 17,490.0 points (up 26.7%).

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 27.2.


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