In Q3, eClerx Services posted a consolidated net profit of ₹191.8 crore, as compared to ₹137.19 crore a year ago, up 39.7 per cent
The buying on the counter came after the company announced to consider a bonus issue in a meeting on January 28, 2026
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.