The stock of eClerx Services touched a 52-week high of Rs. 1589.55, surging by over 14% on the BSE as against the previous close of Rs. 1368.95. The board of the company is scheduled to meet on Friday to discuss share buyback.
In 2016, the company announced a buyback of 11.70 lakh shares for Rs. 2000 per share against which investors tendered 93.43 lakh shares.
Mode of buyback, quantum and price of shares at which the buyback of share shall be executed by the company in the issue shall be monitored by investors.
eClerx Services Limited is a business and knowledge process outsourcing company. The company offers data management and analytics services in additional to operational support. The company's clientele includes financial services firms, software and travel and leisure, industrial manufacturing and interactive media companies among others
At 1:36 pm, the stock was trading higher by 193.5 points on the BSE at Rs. 1563.