India's eClerx Services rises; Nomura highlights strong Q1 beat

eClerx Services

28/07/2025 08:40

** eClerx Services ECLE.NS rises 3.3% to 3,767 rupees

** Nomura retains "buy"; raises PT to 4,200 rupees from 4,100 rupees, implying ~11.5% upside to last close

** Says co beat all key metrics in Q1 FY26, with strong new client contracts, deal wins, robust pipeline

** Expects EBITDA margin of 26.8%–27.4% over FY26-FY28 vs 25.9% in FY25

** Co posts 26.3% y/y rise in June-quarter profit; rev from ops up 19.5% y/y

** More than 141,856 shares traded, 2.1x the 30-day avg

** Stock rated "buy" on avg; median PT is 3,900 rupees, per data compiled by LSEG

** YTD, ECLE gains 8.4%

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))