IT Stock Tanks 6%: eClerx Services Hits Ex-Date For 1:1 Bonus Shares; Time To Buy?

As the IT stock reached its ex-date for the bonus issue on Friday, March 13, the share price of eClerx Services fell nearly 6%. The stock fell 5.93% from its previous close of Rs 1576.60 to an intraday low of Rs 1483.10 after opening on the BSE at Rs 1576.60. As of 10:05 AM IST on March 13, 2026, eClerx Services was trading at Rs 1,496.00 on the NSE, representing a 5.07% decline. The shares going ex-bonus today for a 1:1 issuance are the main cause of this price adjustment.

eClerx Services Bonus Shares Record Date

"This is in furtherance to our letter number eClerx/SECD/SE/2026/012 dated January 28, 2026, wherein we had informed that the Board of Directors had recommended issuance of Bonus Equity Shares in the proportion of 1 (one) new fully paid-up equity share of Rs. 10/- (Rupees Ten Only) each for every existing 1 (one) equity share of Rs. 10/- (Rupees Ten Only) each fully paid up each ranking pari-passu in all respects held by the members as on the record date subject to shareholders' approval obtained through Postal Ballot, the results for which were announced on March 6, 2026. Pursuant to Regulation 42 of the SEBI Listing Regulations, we wish to inform you that the Company has fixed Friday, March 13, 2026, as the "Record Date" for determining the eligibility of shareholders for issuance and allotment of Bonus Shares," eClerx Services confirmed in a stock exchange statement.

eClerx Services Bonus Issue Allotment Date

Stock exchanges have been notified by eClerx Services that Monday, March 16, 2026, would be the deemed day of bonus share allotment. The bonus shares will be available for trading on Tuesday, March 17, 2026, the next working day after allotment.

eClerx Services Outlook

"Technically, the stock is trading with weak RSI & MACD but strong buying volume. It has broken many bullish previous swing but still it is a very safe, debt-free bet for long-term investors. Short-term traders should be careful, as the whole IT sector is facing challenges of AI adoption," said Market Wizard's Adib Noorani.

About eClerx Services

Several Fortune 2000 firms, including some of the top financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure, and technology companies worldwide, use eClerx's business process management, automation, and analytics services. eClerx was incorporated in 2000 and is currently listed on the Bombay and National Stock Exchanges of India and has geographical reach in Australia, Canada, Egypt, Germany, India, Italy, Paris, Netherlands, Peru, Philippines, Singapore, Dubai, Thailand, the UK, and the USA.

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