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Buy eClerx Services; target of Rs 2500: ICICI Direct

ICICI Direct is bullish on eClerx Services has recommended buy rating on the stock with a target price of Rs 2500 in its research report dated May 25, 2022.

May 30, 2022 / 03:58 PM IST
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ICICI Direct's research report on eClerx Services

eClerx Services (eClerx) provides business process management, automation and analytics services. It caters to financial services, communications, retail, media, manufacturing, travel and technology companies • OCF to EBITDA of >80%, debt free and RoCE of >20%.


We maintain our BUY rating on the stock. We value eClerx at Rs 2,500 i.e. 16x P/E on FY24E EPS.

For all recommendations report, click here

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first published: May 30, 2022 03:58 pm