Shares of eClerx Services rose to 2-month highs

Shares of eClerx Services Ltd., a mid-sized software company, rose to 2-month highs after it reported a strong set of quarterly numbers.

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 surged 100 rupees, or 6.5 percent, to 1,610 rupees, its highest since June 10th high on the National Stock Exchange, where 60,746 shares were traded compared with a 5-day average of 9,500 shares.

eClerx's market capitalisation has risen 32 percent to 4,716 crore rupees over one year.

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