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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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 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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