eClerex making some clever movesEClerx Services Ltd. is an IT consultations & outsourcing company. It provides services based on process management, change management, data driven insights advance analytics etc. The company serves sectors like finance, telecommunication, media & software etc. eClerx Services CMP is 1394.70.
Negative aspects of the company are declining annual net cash flow. Positive aspects of the company are improving annual net profits, no debt, FIIs increasing stake, MFs are increasing stake, promoter holding increasing & zero promoter pledge.
Entry after closing above 1411. Targets in the stock will be 1446 & 1496. Long term target in the stock will be 1557 & 1681. Stop loss in the stock should be maintained at closing below 1224.
