eClerx Services among 4 stocks that closed crossing above VWAP
Eclerx Services is in focus with October 13 in focus.
· Economic Times Markets, ET Stocks
Four Nifty 500 stocks closed over 3% above their volume-weighted average prices on October 13, signalling potential intraday strength, according to StockEdge technical scan data.
Key facts
- Dates in focus
- October 13
The analysis
Eclerx Services reported movement of 3%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.9% on the day at ₹1,983.20, and has returned +15.2% over three months. It sits 20% below its 52-week high. The it sector has moved +2.2% over the same period, so Eclerx Services is running 13.0 points ahead of its peers.
For Eclerx Services, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Market context
- The company directly in focus is ECLERX.
- Sector exposure: IT.
In this story
Related coverage
Earnings Tracker: HDFC Bank, HCL Tech, Wipro among 129 companies set to report Q2 results this week
Q2 results today: Hero Motors, Tata Elxsi, 20 others to report earnings
Tech Mahindra Q2 preview: PAT may jump 30-40% YoY; firm to mull bonus issue
TCS, HCL Tech, Infosys shares surge up to 11% in 2 days; Nifty IT soars 2,000 points. More steam left for rally?
Tata Elxsi stock rebounds as growth improves in Q2. Can it continue?