Shares of eClerx Services have soared to record highs
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Shares of eClerx said its first quarter profit rose 38 percent to 73 crore rupees compared with 53 crore rupees in the same quarter a year ago. Sales rose 37 percent to 298 crore rupees during April-June compared with 217 crore rupees in the year ago period.
eClerx jumped 128 rupees, or 8 percent, to 1,724 rupees, a record high on the National Stock Exchange, where 1.75 shares were traded by12:15 pm compared with a 5-day average of 9,500 shares.
eClerx's market capitalisation has risen 41 percent to 5,280 crore rupees over one year as investors bought into mid-sized software companies that have the potential to outrun larger rivals in terms of sales and profit.
Image credit: Indiatimes
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