EClerx Services

The company has proposed to buy back 1.71 million equity shares at a price of Rs 1,750 apiece via tender offer route

Among the most buzzing stocks, Spicejet surged 18 per cent. MOIL soared close to 9 per cent, while eClerx Services, Brigade Enterprises and Rossari Biotech were trading with 5-6 per cent gains

The company's board will meet on August 9, 2022 to consider the proposal for issuance of bonus equity shares and June quarter results.

Stocks like Asian Paints, Astral, Balrampur Chini, Birlasoft, Carborundum Universal, eClerx, Infosys, Max Healthcare, Tube Investments and Torrent Pharma and others are trading at life-time highs

Gold and steel related stocks are likely to hog the limelight in trades on Tuesday. The former on the account of Dhanteras, while the latter owing to hike in steel prices

The company reported healthy March quarter numbers with revenues up 19.3 per cent QoQ in constant currency terms and 19.7 per cent QoQ in reported terms

Nifty 500 and Nifty Mid-cap 100 index have already seen a surge of over 2.50 and 6 per cent respectively, in the current month

In Q4FY21, the company's revenues grew 19.3 per cent QoQ in constant currency terms and 19.7 per cent QoQ in reported terms

The acquisition is expected to be closed by December 29, 2020, and will be paid in cash.

Operating revenue for the quarter ended June 30, 2020, was Rs 336.6 crore, down 5.1 per cent YoY.

Knowledge Process Outsourcing (KPO) services provider eClerx Services on Monday said its board has approved a buyback programme worth up to Rs 109.5 crore

ICICI Securities believe the company has potential to do a buyback in the range of Rs 200-250 crore, which is around 10- 15 per cent of the company's market cap

The stock hit 52-week high of Rs 1,590, up 16% on the BSE in noon deal, after the company announced that its board approved buyback of shares at price of Rs 2,000 per share through tender offer.

The company fixed October 28, 2016 as the record date for ascertaining entitlement for buyback of equity shares.

The stock surged 9% to Rs 1,775, also its 52-week high on the BSE in early morning trade.