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Eclerx Services Plunges 3%; BSE IT Index Up 0.6%
Wed, 14 Aug 9:37

Eclerx Services Plunges 3%; BSE IT Index Up 0.6%Image source: phive2015/www.istockphoto.com

Eclerx Services share price has plunged 3% and is presently trading at Rs 2,407.0.

Meanwhile, the BSE IT index is at 40,112.7 (up 0.6%).

Among the top losers in the BSE IT index today are ZENSAR TECHNOLOGIES (down 1.5%) and Birlasoft (down 1.1%).

CYIENT (up 4.1%) and Sonata Software (up 1.5%) are among the top gainers today.

Over the last one year, Eclerx Services has moved up from Rs 1,697.9 to Rs 2,407.0, registering a gain of Rs 709.1 (up 41.8%).

On the other hand, the BSE IT index has moved up from 31,218.6 to 40,112.7, registering a gain of 28.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 170.4%), INFIBEAM AVENUES (up 119.9%) and PERSISTENT SYSTEMS (up 90.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,928.3 .

The top losers among the BSE Sensex today are Ultratech Cement (down 2.1%) and MUNDRA PORT & SEZ (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,130.0 . Hero Motocorp and Divis Laboratories are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 78,928.3, registering a gain of 13,526.3 points (up 20.7%).

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 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 22.2.


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