Buy eClerx Services, target price Rs 2620: Emkay Global

Emkay Global has buy call on eClerx Services with a target price of Rs 2620. The current market price of eClerx Services is Rs 2169.65. Time period given by analyst is one year when eClerx Services Ltd. price can reach defined target.

eClerx Services Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 7287.73 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-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 563.48 Crore, up 7.50 % from last quarter Total Income of Rs 524.17 Crore and up 39.74 % from last year same quarter Total Income of Rs 403.24 Crore. Company reported net profit after tax of Rs 106.56 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 53.38 per cent stake in the company as of 31-Dec-2021, while FIIs owned 14.92 per cent, DIIs 19.0 per cent.