India's Eclerx Services up nearly 8% on Q4 profit growth

eClerx Services

26/05/2023 06:28

** Shares of Eclerx Services Ltd  ECLE.NS  rise as much as
7.93% to 1,523 rupees, most intraday pct gain in over two months
    ** Information technology consulting firm reports 12% Y/Y
rise in consolidated net profit to 1.33 bln rupees in March
quarter  urn:newsml:reuters.com:*:nFWN37M17K
    ** Revenue up 17% Y/Y to 6.93 bln rupees; core profit rises
14% to 2.07 bln rupees
    ** Stock most active in over two months, with trading volume
of 220,508 as of 10:42 a.m. IST, 4.2x the 30-day avg - Refinitiv
data
    ** Of the eight analysts tracking ECLE, seven maintain "buy"
and one suggests "hold"; median PT is 1,690 rupees
 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))