eClerx Services hits upper circuit on FY09 results

The shares of eClerx Services hit the 5 per cent upper circuit today on the back of healthy FY09 results. It closed the day at Rs 237.20. In the financial year ended March 31, 2009, the company’s consolidated net profit jumped 38 per cent to Rs 61.78 crore.

Total income increased 70 per cent to Rs 125.27 crore during the same period. The board has recommended a dividend of Rs 10 a share translating to a dividend yield of over 4 per cent. The stock opened at Rs 226.50 and made an intra-day low of Rs 215 before reaching the day’s highs.