eClerx Services advances as board to consider share buyback proposal

eClerx Services rose 2.37% to Rs 1,600 at 09:49 IST on BSE after the company scheduled a board meeting on 29 August 2016 to consider a proposal of buyback of equity shares.

The announcement was made after market hours yesterday, 23 August 2016.

Meanwhile, the S&P BSE Sensex was up 42.12 points or 0.15% at 28,032.33

On BSE, so far 1.30 lakh shares were traded in the counter as against average daily volume of 9,769 shares in the past one quarter. The stock hit a high of Rs 1,614 and a low of Rs 1,580 so far during the day. The stock had hit a record high of Rs 1,650 on 17 August 2016. The stock had hit a 52-week low of Rs 1,170 on 29 September 2015. The stock had outperformed the market over the past 30 days till 23 August 2016, rising 3.43% compared with Sensex's 0.37% fall. The scrip had also outperformed the market in past one quarter, gaining 11.58% as against Sensex's 8.15% rise.

The mid-cap company has equity capital of Rs 40.85 crore. Face value per share is Rs 10.

eClerx Services will declare its Q1 June 2016 results on 29 August 2016. The company's consolidated net profit rose 22.14% to Rs 108.34 crore on 1.05% growth in total income to Rs 352.14 crore in Q4 March 2016 over Q3 December 2015.

eClerx Services is a leading knowledge process outsourcing (KPO) company providing middle/back office operations support to over 30 Fortune 500 companies. Its five delivery centers across India support a diverse global client base, including the world's leading financial services, broadband, cable & telecom, ecommerce & retail, high tech, industrial manufacturing & distribution, software, media & entertainment and travel companies.

Powered by Capital Market - Live News