eClerx Services trades jubilantly on getting nod for share buyback plan

10 Apr 2013

eClerx Services is currently trading at Rs. 656.90, up by 26.90 points or 4.27% from its previous closing of Rs. 630.00 on the BSE.

The scrip opened at Rs. 660.00 and has touched a high and low of Rs. 693.00 and Rs. 642.00 respectively. So far 26336 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 900.00 on 14-Sep-2012 and a 52 week low of Rs. 570.00 on 28-Jun-2012.

Last one week high and low of the scrip stood at Rs. 693.00 and Rs. 625.10 respectively. The current market cap of the company is Rs. 1971.72 crore.

The promoters holding in the company stood at 53.26% while Institutions and Non-Institutions held 34.67% and 12.07% respectively.

eClerx Services has received board’s approval for buyback of its own equity shares from public shareholders. The board of directors at its meeting held on April 9 has approved amendment of article enabling buy-back of as much as 10% of shares of the total paid-up equity capital and free reserves of the company.

The promoters held 53.26% stake in the company at the end of March 2013. The company is engaged in providing data analytics and customized process solutions to global enterprise clients from its offshore delivery centers in India. The portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services.

Related eClerx Services Ltd. Links:

eClerx Services Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323