eClerx Services rallies 45% in 3 days, hits new high post Q4 results

Shares of eClerx Services continued their upward movement and hit a new high of Rs 1,875 after rallying 16 per cent on the BSE in intra-day trade on Monday, on the back of heavy volumes, in an otherwise subdued market. In the past three days, the stock has zoomed 45 per cent after the company reported healthy March quarter numbers (Q4FY21) with revenues up 19.3 per cent quarter on quarter (QoQ) in constant currency terms and 19.7 per cent QoQ in reported terms. The stock surpassed its previous high of Rs 1,775, hit on August 2016.

At 10:52 am, eClerx Services was trading 13 per cent higher at Rs 1,831 on the BSE, as compared to 0.40 per cent decline in the S&P BSE Sensex. The trading volumes on the counter jumped over five-fold with a combined around 520,000 shares changing hands on the NSE and BSE.