EClerx Services, Alok Ind: Trading strategies for buzzing stocks of the day

Nifty 500 and Nifty Mid-cap 100 index have already seen a surge of over 2.50 and 6 per cent respectively, in the current month

The Bulls were in firm control of D-Street on Friday with the Indian benchmarks logging their fresh lifetime highs in intra-day session amid favourable global cues. The momentum also helped individual stocks gain ground with stocks like eClerx Services Limited, Future Retail, and Alok Industries, among others, hitting their respective upper circuit levels.

Shares of eClerx Services, for instance, were locked in 20 per cent upper circuit band at Rs 1,617.35 on the BSE after the company reported healthy March quarter numbers (Q4FY21) with revenues up 19.3 per cent quarter on quarter (QoQ) in constant currency terms and 19.7 per cent