# eClerx Services (ECLERX) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/eclerx

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,597.1
- Change: +0.54%
- As of: 2026-11-06
- 1D return: +0.54%
- 5D return: +2.60%
- 1M return: -13.52%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

ECLERX (₹1,597.10) faces a confirmed daily downtrend as of 2026-11-06, with the price trading below all key moving averages and the Supertrend indicator. The trend is established (ADX 28.28), supported by extreme volume-driven sell-offs on 2026-10-29 (-11.0%) and 2026-10-30 (-6.3%). While a moderate upward gap occurred on 2026-11-05 (+1.7%), the stock remains in the lower third of its 20-day, 50-day, and 252-day ranges. Monthly context shows a bullish Supertrend but weak momentum (ADX 8.72), suggesting the longer-term structure is not yet confirming a reversal. Immediate resistance lies at ₹1,612.97 (0.99% above), while support is found at ₹1,594.73 (pivot). The stock carries high volatility (45.1% annualized) and is down 35.4% from recent highs.

- Trend: Daily bearish structure confirmed; price below all MAs and Supertrend. Monthly Supertrend is bullish, but ADX is weak (8.72).
- Momentum: Recent extreme volume drops on Oct 29–30 signal strong selling pressure. A moderate upward gap on Nov 5 (+1.7%) offers minor relief but lacks follow-through confirmation.
- Levels: Resistance at ₹1,612.97 (0.99% up) and ₹1,618.03 (1.31% up). Support at ₹1,594.73 (pivot) and ₹1,570.27 (low).
- Risk: High volatility (ATR 5.19%, Annualized Vol 45.1%) and significant drawdown (-35.4% from available high). Range position is near the lower end across multiple timeframes.

- Inside Bar
- Harami
- Doji

### News Context

eClerx Services reported Q2 FY27 operating revenue of USD 127.7 million, reflecting a 10.6% year-on-year increase and a 1.5% sequential rise. The company posted an operating EBITDA of INR 2,839 million with a 23.9% margin and a PAT of INR 1,804 million. Management maintained its full-year EBITDA margin guidance at 24%–28%, despite citing longer client decision timelines and smaller initial deal sizes associated with AI investments. On the investor relations front, eClerx scheduled a group meeting for November 16, 2026, at the Avendus Spark INDX Conferences in Mumbai and held a virtual one-to-one interaction with Emkay Global Financial Services Ltd on November 2, 2026. Both meetings focused on industry and company-specific developments already in the public domain.

Market data as of November 6, 2026, shows the stock trading at ₹1,597.10, with a market capitalization of approximately ₹149,400 million. Technical indicators present a mixed picture: while the monthly trend remains bullish, daily and weekly supertrends are bearish. The stock has experienced significant volatility, with an annualized volatility of 45.1% and a current drawdown of -35.4%. Year-to-date returns stand at -33.8%, though the stock gained +0.5% over the past day.

- Q2 FY27 Operating Revenue: USD 127.7 million (+10.6% YoY, +1.5% Sequential); EBITDA Margin: 23.9%; PAT: INR 1,804 million.
- Management Guidance: Full-year EBITDA margin guidance maintained at 24%–28%, noting headwinds from longer client decision cycles and smaller initial AI-related deal sizes.
- Investor Engagement: Group investor meeting scheduled for November 16, 2026, in Mumbai; prior virtual meeting with Emkay Global conducted on November 2, 2026.
- Market Snapshot (Nov 6, 2026): Price ₹1,597.10; Market Cap ~₹149,400 million; YTD Return -33.8%; Current Drawdown -35.4%; Annualized Volatility 45.1%.

- eClerx Services Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- eClerx Services Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- eClerx Services Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- ECLERX SERVICES LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL
- eClerx Services Limited has informed the Exchange regarding 'Intimation of Schedule of Investor Meeting'. |SUBJECT: Updates

### What Changed

eClerx Services Limited has scheduled a group investor meeting for November 16, 2026, in Mumbai, as part of the Avendus Spark INDX Conferences 2026. The company informed the National Stock Exchange (NSE) of this schedule on November 5, 2026. During the session, management intends to discuss industry- and company-specific developments that are already in the public domain. This engagement provides a structured opportunity for investors to review current operational and sectoral updates directly with the company. The event details remain subject to change due to potential exigencies on the part of either the investors or the Company.

- Investor Meeting Scheduled: eClerx will host a group investor meeting on November 16, 2026, at the Avendus Spark INDX Conferences 2026 in Mumbai.
- Disclosure Date: The schedule was filed with the NSE on November 5, 2026.
- Discussion Scope: Topics will cover industry- and company-specific developments already available in the public domain.
- Conditional Status: The schedule may be altered due to exigencies affecting the Company or investors.

- [eClerx Services Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ECLERX_05112026155457_BSENSEInvAvendusSparkINDXConferences202616112026.pdf)

### Official Filings

eClerx Services Limited reported financial results for the quarter and half-year ended September 30, 2026, following Board approval on October 28, 2026. For the quarter, standalone revenue from operations was ₹11,886.57 million with a net profit after tax of ₹1,801.68 million. On an annualized basis from the earnings call transcript, Q2 FY27 operating revenue reached USD 127.7 million, reflecting a 10.6% year-on-year increase and a 1.5% sequential rise. Operating EBITDA stood at ₹2,839 million (23.9% margin), while PAT was ₹1,804 million. Management maintained full-year EBITDA margin guidance of 24%–28%, citing longer client decision timelines and smaller initial deal sizes amid AI investment adoption. The company also issued 47,025,359 bonus equity shares in the prior quarter, which necessitated EPS restatements. Auditors Price Waterhouse Chartered Accountants LLP issued unmodified conclusions on the Ind AS 34 compliance. Subsequent investor interactions are scheduled for November 2 and November 16, 2026.

- Q2 FY27 operating revenue grew 10.6% YoY to USD 127.7 million, with operating EBITDA margin at 23.9%.
- Management cites longer client decision cycles and smaller initial deal sizes due to AI investments, while maintaining full-year EBITDA margin guidance of 24%–28%.
- Board approved unaudited results on October 28, 2026; standalone quarterly revenue was ₹11,886.57 million with PAT of ₹1,801.68 million.
- Investor meetings scheduled: one-to-one virtual meeting with Emkay Global on November 2, 2026, and group meet at Avendus Spark INDX Conferences on November 16, 2026.

- [eClerx Services Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ECLERX_05112026155457_BSENSEInvAvendusSparkINDXConferences202616112026.pdf)
- [eClerx Services Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261105_173010433.xml)
- [eClerx Services Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ECLERX_03112026161307_TranscriptEarningCall30092026.pdf)
- [ECLERX SERVICES LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261103_172751587.xml)
- [eClerx Services Limited has informed the Exchange regarding 'Intimation of Schedule of Investor Meeting'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/ECLERX_02112026160328_BSENSEInvMeetEmkayGlobalFinancialServicesLimited02112026.pdf)
- [eClerx Services Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261102_160655211.xml)
- [eClerx Services Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ECLERX_29102026172520_BSENSEresultsad29102026.pdf)
- [eClerx Services Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ECLERX_29102026201200_EarningCall300926.pdf)
- [ECLERX SERVICES LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261029_201522029.xml)
- [eClerx Services Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ECLERX_28102026185056_BSENSEBMOutcome28102026.pdf)

### Fundamentals

ECLERX demonstrates robust top-line expansion and strong earnings quality, with revenue rising to ₹1,189 crore in Q2 FY2026-27 (up 18% YoY) and operating profit reaching ₹237 crore. Net profit grew sequentially to ₹181 crore, supported by a high cash conversion rate where CFO/EBITDA reached 104% in Mar 2026. The balance sheet remains conservative with borrowings at ₹511 crore as of Sep 2026 against ₹730 crore in cash, while fixed assets expanded to ₹1,210 crore. However, working capital efficiency has deteriorated, with the Cash Conversion Cycle extending to 90 days in Mar 2026 and trade receivables jumping to ₹1,070 crore. This suggests that while profitability is healthy, the speed of cash collection from clients has slowed significantly compared to historical norms.

- Revenue growth remains strong at 18% YoY in Q2 FY2026-27, with net profit increasing to ₹181 crore.
- Cash conversion is excellent (CFO/EBITDA: 104%), but the Cash Conversion Cycle worsened to 90 days in Mar 2026.
- Trade receivables surged to ₹1,070 crore as of Sep 2026, up from ₹853 crore a year prior, indicating slower collections.
- Liquidity is solid with ₹730 crore in cash versus ₹511 crore in borrowings; ROCE improved to 34% in Mar 2026.

### Bear Case

As of 6 November 2026, eClerx Services faces significant near-term technical headwinds and substantial cumulative price depreciation. The stock closed at ₹1,597.10, trading below key moving averages with a bearish Supertrend signal on both daily and weekly timeframes. Momentum indicators show the Minus DI (31.27) significantly outweighing the Plus DI (11.82), suggesting sustained selling pressure. Performance metrics reflect a challenging environment: the stock is down 33.8% year-to-date and has declined 30.1% over the past year. Recent short-term returns are also negative, with a -16.7% drop over the last month and a -15.6% decline over the past ten days. Volatility remains elevated, with an annualized volatility of 45.1% and an average true range of 5.19%, indicating wide price swings. The current drawdown stands at -35.4%, approaching the historical maximum drawdown of -46.4%. While monthly trends remain bullish, the immediate technical setup highlights vulnerability to further downside, with support levels closely tested at ₹1,594.73.

- Technical momentum is bearish on daily and weekly charts, with the Supertrend direction signaling downside risk and Minus DI (31.27) dominating Plus DI (11.82).
- Cumulative underperformance is severe, with a YTD return of -33.8% and a 1-year return of -30.1%, alongside a current drawdown of -35.4%.
- Short-term price action is weak, recording losses of -16.7% over the past month and -15.6% over the past ten days as of 6 November 2026.
- Elevated volatility persists with an annualized volatility of 45.1% and an ATR of 5.19%, while resistance is clustered tightly just above the current price at ₹1,612.97.

- [eClerx Services Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ECLERX_05112026155457_BSENSEInvAvendusSparkINDXConferences202616112026.pdf)
- [eClerx Services Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261105_173010433.xml)
- [eClerx Services Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ECLERX_03112026161307_TranscriptEarningCall30092026.pdf)
- [ECLERX SERVICES LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261103_172751587.xml)
- [eClerx Services Limited has informed the Exchange regarding 'Intimation of Schedule of Investor Meeting'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/ECLERX_02112026160328_BSENSEInvMeetEmkayGlobalFinancialServicesLimited02112026.pdf)
- [eClerx Services Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261102_160655211.xml)
- [eClerx Services Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ECLERX_29102026172520_BSENSEresultsad29102026.pdf)
- [eClerx Services Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ECLERX_29102026201200_EarningCall300926.pdf)
- [ECLERX SERVICES LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261029_201522029.xml)
- [eClerx Services Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ECLERX_28102026185056_BSENSEBMOutcome28102026.pdf)

### FAQs

**What were eClerx's Q2 FY27 financial results and guidance?**

For Q2 FY27, eClerx reported operating revenue of USD 127.7 million (up 10.6% YoY) and PAT of INR 1,804 million. Operating EBITDA was INR 2,839 million with a 23.9% margin. Management maintained full-year EBITDA margin guidance of 24%–28%, citing longer client decision timelines and smaller initial deal sizes amid AI investment.

**How has the stock performed over the past year and what is its current valuation?**

As of November 6, 2026, eClerx trades at ₹1,597.1 with a market capitalization of approximately ₹149,400 crore. The stock has declined 30.1% over the last year and 33.8% year-to-date, reflecting a current drawdown of 35.4% from its peak.

**What are the key technical levels to monitor for this stock?**

On the daily chart, resistance sits near ₹1,612.97 and ₹1,618.03, while support is found at ₹1,594.73 and ₹1,570.27. The daily trend is bearish with an ADX of 28.28, though the monthly trend remains bullish with an ADX of 8.72.

**Are there any upcoming investor engagement events?**

eClerx has scheduled a group investor meeting at Avendus Spark INDX Conferences in Mumbai on November 16, 2026. Additionally, a virtual one-to-one meeting with Emkay Global Financial Services Ltd. was held on November 2, 2026.

- [eClerx Services Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ECLERX_05112026155457_BSENSEInvAvendusSparkINDXConferences202616112026.pdf)
- [eClerx Services Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261105_173010433.xml)
- [eClerx Services Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ECLERX_03112026161307_TranscriptEarningCall30092026.pdf)
- [ECLERX SERVICES LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261103_172751587.xml)
- [eClerx Services Limited has informed the Exchange regarding 'Intimation of Schedule of Investor Meeting'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/ECLERX_02112026160328_BSENSEInvMeetEmkayGlobalFinancialServicesLimited02112026.pdf)
- [eClerx Services Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261102_160655211.xml)
- [eClerx Services Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/ECLERX_29102026172520_BSENSEresultsad29102026.pdf)
- [eClerx Services Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/ECLERX_29102026201200_EarningCall300926.pdf)
- [ECLERX SERVICES LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261029_201522029.xml)
- [eClerx Services Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/ECLERX_28102026185056_BSENSEBMOutcome28102026.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Moderate Downtrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹1,594.73
- Risk regime: Higher Price Risk

### Support levels
- 1567.9250000000002
- 1480.5
- 1436.846875

### Resistance levels
- 1618.025
- 1659.4187499999998
- 1749.5

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.54% |
| return_10 | -15.57% |
| return_1m | -16.70% |
| return_1y | -30.10% |
| return_20 | -13.52% |
| return_3m | -14.70% |
| return_5 | +2.60% |
| return_6m | +0.99% |
| return_since_start | -7.87% |
| return_ytd | -33.75% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -46.44% |
| annualized_volatility | +45.05% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# eClerx Services Limited FY2026-27 Q2: Revenue up 18%, profit down year on year

Revenue from operations rose 18.3% year on year to ₹1,189 crore in Q2 FY2026-27, while profit before tax fell 3.3% to ₹237 crore. Sequentially, revenue increased 3.1% and profit before tax rose 8.4%; profit for the period was up 10.0% from Q1 but remained 1.6% lower year on year.

## Revenue and income

Revenue from operations increased for a fourth consecutive quarter, from ₹1,070 crore in Q3 FY2025-26 to ₹1,107 crore in Q4 FY2025-26, ₹1,152 crore in Q1 FY2026-27 and ₹1,189 crore in Q2 FY2026-27. Total income, including ₹24 crore of other income, was ₹1,213 crore, up 3.6% sequentially and 17.5% year on year.

## Costs and profitability

Expenses rose 2.5% sequentially to ₹976 crore, below the 3.1% increase in revenue. Profit before tax increased to ₹237 crore from ₹219 crore in Q1 FY2026-27, but was below the ₹245 crore reported in Q2 FY2025-26. Expenses were 24.0% higher year on year. Employee benefit expense was ₹741 crore, depreciation and amortisation expense ₹56 crore, and finance costs ₹15.2 crore, compared with ₹14.9 crore in Q1.

## Tax, profit and EPS

Tax expense was ₹56.3 crore, up from ₹54.4 crore in Q1 FY2026-27. Deferred tax was a credit of ₹1.9 crore, compared with a credit of ₹6.2 crore in the prior quarter. Profit for the period increased 10.0% sequentially to ₹181 crore, but was 1.6% lower year on year. Profit attributable to owners of the parent was ₹180 crore. Basic EPS was ₹19.63, up from ₹17.86 in Q1 FY2026-27 and below ₹39 in Q2 FY2025-26; diluted EPS was ₹19.27, compared with ₹17.61 and ₹38.10, respectively.

## Balance sheet

At 30 September 2026, cash and cash equivalents stood at ₹730 crore, compared with ₹697 crore at 31 March 2026. Trade receivables increased to ₹1,070 crore from ₹1,014 crore over the same dates. Equity attributable to owners of the parent rose to ₹2,915 crore from ₹2,561 crore.

## Comprehensive income

Comprehensive income was ₹208 crore, down 6.4% sequentially from ₹222 crore, despite higher quarterly profit. Other comprehensive income fell to ₹27 crore from ₹58 crore in Q1 FY2026-27.

## Key Takeaway

Revenue growth continued, and expenses grew more slowly than revenue sequentially, accompanying a recovery in profit and EPS from Q1. However, profit before tax and EPS remained below their year-earlier levels, tempering the sequential improvement.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +54.52%
- FII holding: +11.01%
- DII holding: +23.84%
- Mutual fund holding: +22.92%
- Retail holding: +6.01%
- Promoter pledged: +0.00%

### Major reported shareholders

- PRIYADARSHAN MUNDHRA — +27.21%
- ANJAN MALIK — +27.20%
- HDFC LARGE AND MID CAP FUND — +8.73%
- NIPPON LIFE INDIA TRUSTEE LTD.- A/C NIPPON INDIA N — +3.80%
- DSP NIFTY SMALLCAP250 QUALITY 50 INDEX FUND — +2.39%
- BARCLAYS WEALTH TRUSTEES INDIA PVT LTD — +2.19%
- HSBC MUTUAL FUND - HSBC SMALL CAP FUND — +1.88%
- BANDHAN SMALL CAP FUND — +1.82%
- VIJAY KUMAR MUNDHRA — +0.07%
- SUPRIYA MODI — +0.05%

## Official filings

- 2026-11-05 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ECLERX_05112026155457_BSENSEInvAvendusSparkINDXConferences202616112026.pdf)
- 2026-11-05 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261105_173010433.xml)
- 2026-11-03 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ECLERX_03112026161307_TranscriptEarningCall30092026.pdf)
- 2026-11-03 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261103_172751587.xml)
- 2026-11-02 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ECLERX_02112026160328_BSENSEInvMeetEmkayGlobalFinancialServicesLimited02112026.pdf)
- 2026-11-02 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261102_160655211.xml)
- 2026-10-29 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ECLERX_29102026172520_BSENSEresultsad29102026.pdf)
- 2026-10-29 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ECLERX_29102026201200_EarningCall300926.pdf)
- 2026-10-29 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261029_201522029.xml)
- 2026-10-28 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ECLERX_28102026185056_BSENSEBMOutcome28102026.pdf)
- 2026-10-28 — Earnings Presentation: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ECLERX_28102026190944_BSENSEPR28102026.pdf)
- 2026-10-28 — Press Release: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ECLERX_28102026190847_BSENSEPR28102026.pdf)
- 2026-10-28 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ECLERX_28102026193929_BSENSENRCESOP28102026.pdf)
- 2026-10-28 — Financial Results Filing: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748189_28102026074830_WEB.xml)
- 2026-10-28 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ECLERX_28102026194530_BSENSEacquisition28102026.pdf)
- 2026-10-28 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2698_WebXMLFile_20261028_194841857.xml)
- 2026-10-28 — Financial Results Filing: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748211_28102026075211_WEB.xml)
- 2026-10-21 — Board Meeting Notice: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ECLERX_21102026190317_BSENSEBMintimation28102026withECI.pdf)
- 2026-10-21 — Board Meeting Notice: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2698_WebXMLFile_20261021_190724439.xml)
- 2026-10-21 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2698_WebXMLFile_20261021_191050349.xml)
- 2026-10-21 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2698_WebXMLFile_20261021_190724439.xml)
- 2026-10-15 — Shareholding Disclosure: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739129_15102026053801_WEB.xml)
- 2026-10-04 — Annual Report: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_32116_ECLERX_2025_2026_A_8133962_05102026183821.pdf)
- 2026-09-28 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ECLERX_28092026161302_BSENSE_-TW_closure.pdf)
- 2026-09-28 — Generic Announcement: eClerx Services Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_2698_WebXMLFile_20260928_162227201.xml)

## News and market events

- 2026-10-30 — CNBC-TV18: **This data analytics and solutions provider stock is set for its worst week in six years** — Shares of eClerx Services Ltd. fell nearly 20% in the week ending October 30, 2026, marking its worst weekly performance since March 2020, while trading below key moving averages into oversold territory. Brokerages Kotak and Ambit maintained 'sell' ratings on the stock, with Kotak setting a target price of ₹1,450. — [Source](https://www.cnbctv18.com/market/eclerx-share-price-set-for-worst-week-in-six-years-q2-results-buy-sell-oversold-on-charts-rsi-returns-20023189.htm)
- 2026-10-29 — FEEDS: **eClerx Services Share Price Slips Over 12% After Q2 Results** — The company reported consolidated net profit of Rs 180.39 crore in the second quarter of FY27, registering a fall of 1.5% from Rs 183.19 crore in the corresponding quarter last year. — [Source](https://www.ndtvprofit.com/markets/eclerx-services-share-price-slips-over-12-after-q2-results-12252104)
- 2026-10-14 — Mint: **Raja Venkatraman recommends three stocks for 14 October** — Market expert Raja Venkatraman shares his top stock picks for 14 October. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-14-october-11791938277969.html)
- 2026-09-17 — Mint: **Top 5 breakout stocks to buy today by Sumeet Bagadia: Heritage Foods, HDFC Bank, JK Paper; check stop loss, target price** — Breakout stocks to buy: Sumeet Bagadia recommends five breakout stocks to buy today — Heritage Foods, eClerx Services, JK Paper, HDFC Bank, and Aegis Logistics. — [Source](https://www.livemint.com/market/stock-market-news/top-5-breakout-stocks-to-buy-today-by-sumeet-bagadia-heritage-foods-hdfc-bank-jk-paper-check-stop-loss-target-price-11789579791253.html)
- 2026-09-11 — Mint: **Raja Venkatraman recommends three stocks for 11 September** — Market expert Raja Venkatraman shares his top stock picks for 11 September. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-11-september-11789058673473.html)
- 2026-08-27 — Mint: **Raja Venkatraman recommends three stocks for 27 August** — Market expert Raja Venkatraman shares his top stock picks for 27 August. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-27-august-11787757519206.html)
- 2026-08-07 — CNBC-TV18: **Q1 Results LIVE Updates: SBI tops profit, NII estimates; Electronics Mart revenue up 39%** — Q1 Results LIVE Updates: Three Nifty 50 companies, SBI, Hindalco and Titan, as well as Kaynes Tech, BEML, Aarti Pharmalabs, Azad Engineering, Godrej Consumer, JK Tyre, Jubilant Pharmova, Maharashtra Seamless, Lemon Tree Hotels, Oil India, PFC, ABB India, Poly Medicure, Ramco Cements, Prism Johnson, Raymond, Raymond Realty, Ratnamani Metals & Tubes, among other companies are reporting their earnings today. Earnings reactions come from LIC, Hero MotoCorp, PG Electroplast, Britannia, Sonata Software and other companies. Watch this space for all the LIVE result updates for Q1. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-sbi-hindalco-titan-lic-pg-electroplast-hero-britannia-pfc-abb-beml-kaynes-fortis-azad-engg-share-price-liveblog-19963817.htm)
- 2026-07-20 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty falls over 160 points; banking index down 1,000 points** — Sensex Today | Stock Market LIVE Updates: The markets are under pressure as it kick-starts an earnings-heavy week. The Nifty is trading with a loss over 140 points, falling below the 24,200 mark. The Nifty Bank is down 900 points, falling below the 58,000 mark. HDFC Bank, Kotak Bank and Axis Bank are the top laggards. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-nifty-bank-ril-hdfc-icici-kotak-axis-crude-oil-hpcl-share-price-liveblog-19949025.htm)

## Business profile

**Strategic vision:** Provides digital, data, and customer experience solutions globally.

### Business segments
- **Creative & Content Production:** Focuses on fueling marketing across various channels using AI-enabled digital workflows and high-fidelity asset production.
- **Customer Experience:** Aims to transform customer journeys with AI solutions to boost efficiency and quality monitoring.
- **Data & Analytics:** Converts insights into actionable strategies through AI-driven analytics, optimizing decisions and execution.
- **Digital Marketing Services:** Leverages an end-to-end AI-powered marketing technology stack for competitor insights, content output, and effective campaigns.
- **Finance & Accounting:** Optimizes finance operations with outsourced teams and AI-led enhancements.
- **Financial Crime Compliance:** Deploys AI-infused solutions for resilient, compliant functions and secure processes.
- **Financial Services Operations:** Accelerates complex capital markets processes with AI and analytics-driven insights.
- **Market Intelligence:** Transforms competitive edge with AI-led insights for growth and optimization.
- **Technology Services:** Provides integrated technology services spanning IT change, AI, managed operations, and agile application development.

### Competitive strengths
- Global delivery model integrating people, technology, and domain expertise.
- Focus on serving Fortune 2000 enterprises across key industries.

## Related stocks

- [Affle 3i Limited (IT)](https://faxioms.com/stocks/affle) — -2.11%
- [BLS International Services Limited (IT)](https://faxioms.com/stocks/bls) — -1.00%
- [BIRLASOFT LIMITED (IT)](https://faxioms.com/stocks/bsoft) — +1.88%
- [Cartrade Tech Limited (IT)](https://faxioms.com/stocks/cartrade) — +3.77%
- [Cyient Limited (IT)](https://faxioms.com/stocks/cyient) — -1.63%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/eclerx
Markdown representation: https://faxioms.com/stocks/eclerx?render=md