ECLERX SERVICES Surges by 7%; BSE IT Index Up 1.6%

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ECLERX SERVICES Surges by 7%; BSE IT Index Up 1.6%
Tue, 4 Dec 01:30 PM

ECLERX SERVICES share price has zoomed 7% and is presently trading at Rs 1,085.

Meanwhile, the BSE IT Index is at 14,629 (up 1.6%).

Among the top Gainers in the BSE IT Index today are ECLERX SERVICES (up 6.6%) and TAKE SOLUTIONS (up 6.6%).

CYIENT LTD (down 1.0%) and MINDTREE LTD (down 1.1%) are among the top losers today.

Over the last one year, ECLERX SERVICES has moved down from Rs 1,386 to Rs 1,085, registering a loss of Rs 301 (down 21.7%).

On the other hand, the BSE IT has moved up from 10,738 to 14,629, registering a gain of 3,891 points (up 36.1%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 80.0%), INTELLECT DESIGN (up 70.1%) and MINDTREE LTD (up 59.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 36,296 (down 0.5%).

The top gainers among the BSE Sensex stocks today are INFOSYS LTD (up 2.2%), WIPRO (up 2.0%) and ONGC (up 2.0%). Other gainers include TCS (up 1.4%) and BAJAJ AUTO (up 1.2%). The most traded stocks in the BSE Sensex are TATA MOTORS and WIPRO.

In the meantime, NSE Nifty is at 10,891 (down 0.3%). INDIABULLS HOU. FIN. (up 2.8%) and UPL LIMITED (up 2.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,870 to 36,296, registering a gain of 3,426 points (up 9.7%).

ECLERX SERVICES Financial Update...

ECLERX SERVICES net profit stood at Rs 700 million for the quarter ended September 2018, compared to a profit of Rs 575 million a year ago. Net Sales rose 4.7% to Rs 3.6 billion during the period as against Rs 3.4 billion in July-September 2017.

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 16.4x.



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Stock Market Updates

INFO EDGE at All Time High; BSE IT Index Up 0.6% (Today's Market)

Aug 5, 2020 09:56 AM

INFO EDGE share price has hit an all time high at Rs 3,404 (up 6.4%). The BSE IT Index is up by 0.6%. Among the top gainers in the BSE IT Index today are INFO EDGE (up 6.4%) and ORACLE FINANCIAL (up 0.8%). The top losers include HEXAWARE TECHNOLOGIES (down 0.7%) and NIIT TECHNOLOGIES (down 0.9%).

MINDTREE at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Aug 5, 2020 09:56 AM

MINDTREE share price has hit a 52-week high. It is presently trading at Rs 1,147. BSE 500 Index is up by 1.1% at 14,567. Within the BSE 500, MINDTREE (up 1.2%) and SUN PHARMA ADV. RES. (up 10.4%) are among the top gainers, while top losers are OMAXE LTD and MRPL.

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Aug 5, 2020 09:36 AM

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L&T INFOTECH LTD at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Aug 5, 2020 09:36 AM

L&T INFOTECH LTD share price has hit a 52-week high. It is presently trading at Rs 2,517. BSE 500 Index is up by 0.8% at 14,546. Within the BSE 500, L&T INFOTECH LTD (up 2.7%) and SUN PHARMA ADV. RES. (up 11.0%) are among the top gainers, while top losers are MRPL and CORPORATION BANK.

Sensex Opens Higher; Axis Bank and Tata Steel Among Top Gainers (Today's Market)

Aug 5, 2020 09:30 am

Asian stock markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.4% while the Hang Seng is down 0.1%.

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