ECLERX SERVICES Surges by 5%; BSE IT Index Down 0.6%
May 26, 2020 12:40 PM

ECLERX SERVICES share price has zoomed 5% and is presently trading at Rs 414.

Meanwhile, the BSE IT Index is at 14,098 (down 0.6%).

Among the top Gainers in the BSE IT Index today is ECLERX SERVICES (up 5.2%).

TECH MAHINDRA (down 0.1%) and PERSISTENT SYSTEMS (down 0.2%) are among the top losers today.

Over the last one year, ECLERX SERVICES has moved down from Rs 927 to Rs 414, registering a loss of Rs 514 (down 55.4%).

On the other hand, the BSE IT has moved down from 15,206 to 14,098, loss of 1,108 points (down 8.3%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 14.9%) and INFIBEAM AVENUES (up 5.7%).

What About the Benchmark Indices?

The BSE Sensex is at 31,087 (up 0.5%).

The top gainers among the BSE Sensex stocks today are ULTRATECH CEMENT (up 4.7%), TITAN (up 4.3%) and INDUSIND BANK (up 3.4%). Other gainers include HDFC BANK (up 3.1%) and TATA STEEL (up 3.0%). The most traded stocks in the BSE Sensex are SBI and ITC.

In the meantime, NSE Nifty is at 9,162 (up 0.6%). The top gainers in the NSE Nifty include JSW STEEL (up 6.5%), EICHER MOTOR (up 4.8%) and ULTRATECH CEMENT (up 4.8%). Other gainers include TITAN (up 4.2%) and INDUSIND BANK (up 3.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 39,110 to 31,087, registering a loss of 8,023 points (down 21.22%).

ECLERX SERVICES Financial Update...

ECLERX SERVICES net profit stood at Rs 701 million for the quarter ended December 2019, compared to a profit of Rs 390 million a year ago. Net Sales rose 5.0% to Rs 3.8 billion during the period as against Rs 3.6 billion in October-December 2018.

For the year ended March 2018, ECLERX SERVICES reported 24.1% decrease in net profit to Rs 2.7 billion compared to net profit of Rs 3.5 billion during FY17.

Revenue of the company grew 2.6% to Rs 14 billion during FY18.

The current Price to earnings ratio of ECLERX SERVICES, based on rolling 12 month earnings, stands at 7.4x.