India's eClerx Services hits near 5-year high on strong March qtr results

eClerx Services

11/06/2021 05:50

** Shares of knowledge and business process outsourcing co
 ECLE.NS  rise 20% to 1613.20, highest since Oct. 2016
    ** Co on Thursday reported nearly two-fold jump in March qtr
profit, helped by demand for digital services and higher staff
utilization  urn:newsml:reuters.com:*:nFWN2NS0L6
    ** Deal pipeline has been healthy over the last 6-12 months
and the demand outlook for the digital business remains
positive, BOB Capital Markets said in a note
    ** About 243,958 shares change hands, ~5x 30-day avg of
51,559
    ** ECLE shares up 52% this year as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))