eClerx Services drops after Q2 earnings

eClerx Services lost 2.57% to Rs 1,310 at 12:05 IST on BSE after consolidated net profit rose 16.64% to Rs 62.29 crore on 6.64% growth in net sales to Rs 231.83 crore in Q2 September 2014 over Q1 June 2014.

The Q2 result was announced after market hours yesterday, 30 October 2014.

Meanwhile, the S&P BSE Sensex was up 396.79 points or 1.45% at 27,743.12.

On BSE, so far 8,402 shares were traded in the counter as against average daily volume of 9,138 shares in the past one quarter.

The stock hit a high of Rs 1,330 and a low of Rs 1,300 so far during the day. The stock had hit a 52-week low of Rs 961.60 on 1 November 2013. The stock had hit a record high of Rs 1,445 on 1 September 2014.

The stock had underperformed the market over the past one month till 30 October 2014, sliding 3.72% compared with Sensex's 2.69% rise. The scrip had, however, outperformed the market in past one quarter, surging 9.54% as against Sensex's 4.83% rise.

The mid-cap company has equity capital of Rs 30.35 crore. Face value per share is Rs 10.

eClerx Services is a knowledge process outsourcing (KPO) company providing data analytics and customized process solutions to global enterprise clients.

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