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eClerx Services advances on buyback plan

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Capital Market
Last Updated : Dec 18 2017 | 3:31 PM IST

eClerx Services rose 2.03% to Rs 1324.60 at 10:38 IST on BSE after the company said its board will meet on 22 December 2017, to consider buyback of equity shares.

The announcement was made after market hours on Friday, 15 December 2017.

Meanwhile, the S&P BSE Sensex was up 150.90 points, or 0.45% to 33,613.87.

On the BSE, 1,071 shares were traded in the counter so far, compared with average daily volumes of 687 shares in the past two weeks. The stock had hit a high of Rs 1,330 and a low of Rs 1,285 so far during the day. The stock hit a 52-week high of Rs 1,528 on 2 February 2017. The stock hit a 52-week low of Rs 1,141.65 on 25 September 2017.

On a consolidated basis, net profit of eClerx Services rose 11.66% to Rs 88.48 crore on 0.69% decline in net sales to Rs 330.88 crore in Q2 September 2017 over Q1 June 2017.

eClerx Services is one of India's leading process management and data analytics companies.

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First Published: Dec 18 2017 | 10:36 AM IST

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