Nomura said it prefers Infosys and Cognizant among large-cap IT services firms, Coforge in mid-caps and eClerx in small-caps.
The maximum number of equity shares proposed to be bought back by the company has been consequently reduced to 6,25,000, representing up to 1.31 per cent stake
Valuations across the sector remain attractive, but Nomura stays selective. It has rolled forward its valuation framework to H1FY28 while maintaining target multiples.
eClerx Services share price rallied after the company posted a strong set of numbers in the September quarter of financial year 2026 (Q2FY26).
eClerx Services stock price was trading higher for the third straight day on Tuesday, and has rallied 12 per cent during the 3-day period.
Bosch, Radico Khaitan, Maharashtra Scooters and Schneider Electric Infrastructure from the BSE500 index hit their respective new highs in an otherwise subdued market.
eClerx share price rose on the back of healthy results in the June quarter of financial year 2026 (Q1FY26).