eClerx Services Faces Decline Amid Broader BPO/ITeS Sector Challenges

Apr 04 2025 01:00 PM IST
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eClerx Services, a midcap BPO/ITeS firm, saw a notable decline on April 4, 2025, following two days of gains. The stock is trading below multiple moving averages, indicating a bearish trend. Despite recent challenges, it has outperformed the Sensex over the past year.
eClerx Services, a midcap player in the BPO/ITeS sector, experienced a significant decline of 5.37% on April 4, 2025, underperforming its sector by 1.51%. This drop follows two consecutive days of gains, indicating a potential trend reversal. The stock reached an intraday low of Rs 2,642.6, reflecting a decrease of 5.42% during the trading session.

In terms of moving averages, eClerx Services is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend. The broader BPO/ITeS sector also faced challenges, declining by 4.14% on the same day.

Market conditions were unfavorable overall, with the Sensex falling sharply by 619.75 points to close at 75,540.34, a decline of 0.99%. The index is trading below its 50-day moving average, which is also below the 200-day moving average, indicating a bearish market sentiment. Despite the recent downturn, eClerx Services has shown a 6.71% increase over the past year, outperforming the Sensex's 1.77% gain during the same period.
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