ICICI Direct has given Buy recommendation for eClerx Services with a target price of Rs. 2500 in its research report issued on May 25, 2022

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.

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