eClerx Services surged 4.76% to Rs 660 at 12:14 IST on BSE after board of directors approved buyback of equity shares.
The announcement was made after market hours on Tuesday, 9 April 2013.
Meanwhile, the BSE Sensex was up 25.20 points or 0.14% to 18,251.68.
On BSE, 28,368 shares were traded in the counter as against average daily volume of 5,032 shares in the past one quarter.
The stock hit a high of Rs 693 and a low of Rs 642 so far during the day. The stock had hit a record high of Rs 900 on 14 September 2012. The stock had hit a 52-week low of Rs 570 on 28 June 2012.
The stock had outperformed the market over the past one month till 9 April 2013, declining 3.02% compared with the Sensex's 7.4% fall. The scrip, however, underperformed the market in past one quarter, sliding 8.48% as against Sensex's 7.32% fall.
The company has equity capital of Rs 29.87 crore. Face value per share is Rs 10.
eClerx Services' board of directors at its meeting held on Tuesday, 9 April 2013, approved buyback of equity shares to the extent of 10% of the total paid-up equity capital and free reserves of the company.
eClerx Services' consolidated net profit jumped 94.47% to Rs 48.95 crore on 5.62% growth in net sales to Rs 170.79 crore in Q3 December 2012 over Q2 September 2012
eClerx Services is a knowledge process outsourcing (KPO) company providing data analytics and customized process solutions to global enterprise clients.
Powered by Capital Market - Live News
