eClerx Services Ltd share Price

eClerx Services Ltd., an Indian IT consulting and outsourcing multinational company incorporated in 2000 with its headquarters in Mumbai, offers data analytics and customised process solutions to global enterprise clients. For the quarter that ended in June 2022, the company posted a total income of Rs 639.85 crore, up 6.36% from the previous quarter that ended in March 2022. On 21 October 2022, eClerx Services Ltd.’s market capitalisation stood at Rs 6,529 crore.

The company is listed on the Bombay Stock Exchange with the code 532927, and on the National Stock Exchange with the code ECLERX.

eClerx Services Ltd.’s customisable services and solutions optimise how companies manage businesses by streamlining processes and improving business performance. It caters to clients in financial services, retail, cable and telecommunications, media and entertainment, fashion, travel and leisure, manufacturing, and software and high-tech industries. The company has a global presence, with offices in the UK, the USA, Germany, Singapore, Italy, Thailand, and India.

On 30 June 2022, the company’s shareholding pattern indicated a 53.38% promoter stake, 13.25% FII stake, 19.92% DII stake, and 11.34% public stake. The promoter share is equally divided between Mr Priyadarshan Mundhra and Mr Anjan Malik, having a 26.64% share each. In the June 2022 quarter, mutual fund holdings increased from 18.46% to 19.14%, and FII holdings decreased from 13.83% to 13.25%. The number of mutual funds schemes decreased from 14 to 13 in the quarter.

eClerx Services Ltd.’s top management includes Mr Anish Ghoshal, Mr Priyadarshan Mundhra, Mr Alok Goyal, Mr Anjan Malik, Mr Biren Gabhawala, Mr Shailesh Kekre, Mr Srinjay Sengupta, Mr Pratik Bhanushali, Mr Rohitash Gupta, and Ms Deepa Kapoor. The company’s auditors are S R Batliboi & Associates LLP. As of 30 June 2022, the company had a total of 5.07 crore shares outstanding.

On 21 October 2022, the company’s share price closed at Rs 1,288 on BSE, and its closing price on NSE was Rs 1,286.90. eClerx Services Ltd.’s share touched a 52-week high price of Rs 1,980.01 and a 52-week low price of Rs 1,170.44. Investors earned a -20.45% six-month return and a -11.94% one-year return by investing in the company’s shares.

The company’s peers include Firstsource Solutions Ltd., Vakrangee Ltd., ALLSEC Technologies Ltd., and Hinduja Global Solutions Ltd.

Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.