The stock has soared nearly 54% in seven days from its previous closing low of Rs 464.75 on 5 August 2020.

The company posted stellar Q1 numbers after market hours on 12 August 2020. On a consolidated basis, eClerx reported a 6.5% drop in net profit to Rs 51.8 crore on a 4% fall in revenue from operations to Rs 336.55 crore in Q1 June 2020 over Q4 March 2020.

Consolidated EBITDA rose 0.4% quarter on quarter to Rs 94.9 crore in Q1 June 2020. EBITDA margin improved by 160 basis points to 27.2% in Q1 June 2020 over Q4 March 2020. The company said margin percentage was maintained at FY20 levels through cost management. The company further added that margins may remain volatile due to wage hikes in Q2 & Q3 and return to office costs.

The company's attrition rate dropped to 16.1% in Q1 June 2020 from 31.3% in Q4 March 2020 and 40.8% in Q1 June 2019.

eClerx provides critical business operations services to financial services firms, online retail and distributors, interactive media, luxury brands and entertainment, high tech and industrial manufacturing, travel and leisure, and software vendors through operational support, data management and analytics solutions.

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eClerx Services announced that the 20th Annual General Meeting (AGM) of the company will be held on 29 September 2020.

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K P R Mill Ltd, Bharat Forge Ltd, Lemon Tree Hotels Ltd and EIH Ltd are among the other gainers in the BSE's 'A' group today, 13 August 2020.

eClerx Services Ltd spiked 20.00% to Rs 620.5 at 11:53 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 19748 shares were traded on the counter so far as against the average daily volumes of 11611 shares in the past one month.

K P R Mill Ltd soared 14.05% to Rs 564.65. The stock was the second biggest gainer in 'A' group. On the BSE, 18168 shares were traded on the counter so far as against the average daily volumes of 10502 shares in the past one month.

Bharat Forge Ltd surged 10.41% to Rs 480. The stock was the third biggest gainer in 'A' group. On the BSE, 4.88 lakh shares were traded on the counter so far as against the average daily volumes of 1.97 lakh shares in the past one month.

Lemon Tree Hotels Ltd advanced 9.88% to Rs 32.25. The stock was the fourth biggest gainer in 'A' group. On the BSE, 3.2 lakh shares were traded on the counter so far as against the average daily volumes of 1.81 lakh shares in the past one month.

EIH Ltd gained 9.68% to Rs 74.75. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.83 lakh shares were traded on the counter so far as against the average daily volumes of 90998 shares in the past one month.

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Net profit of eClerx Services rose 30.04% to Rs 51.77 crore in the quarter ended June 2020 as against Rs 39.81 crore during the previous quarter ended June 2019. Sales declined 5.12% to Rs 336.55 crore in the quarter ended June 2020 as against Rs 354.72 crore during the previous quarter ended June 2019.

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