Buy eClerx Services, target price Rs 2619: HDFC Securities

HDFC Securities has buy call on eClerx Services with a target price of Rs 2619. The current market price of eClerx Services Ltd. is Rs 2489.

eClerx Services Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 12221.29 Crore) operating in IT Enabled Services sector.

eClerx Services Ltd. key Products/Revenue Segments include I T Enabled Services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 773.55 Crore, up 5.12 % from last quarter Total Income of Rs 735.90 Crore and up 9.79 % from last year same quarter Total Income of Rs 704.56 Crore. Company reported net profit after tax of Rs 139.06 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 53.61 per cent stake in the company as of 31-Dec-2023, while FIIs owned 11.81 per cent, DIIs 22.91 per cent.