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This data analytics and solutions provider stock is set for its worst week in six years - Published OnOct 30, 2026 | 12:43 IST - Last Updated OnOct 30, 2026 | 12:46 IST With the fall seen by shares of eClerx this week, the stock has slipped below all of its key moving averages. The 200-Day Moving Average is now at ₹1,743, from which the stock is now significantly below. Shares of eClerx Services Ltd. are down another 8% on Friday, October 30, extending their losses from Thursday's 11% fall. This is the third straight day of losses for the stock, which has declined in four out of the last five trading sessions. With this, the stock has declined nearly 20% this week, marking the worst week for the stock since March 2020, when the stock had declined 21% during the week that ended on March 15. For the September quarter, eClerx reported a 1.5% sequential growth in its operating revenue in US Dollar terms, while in rupee terms, the topline grew by 3.2%. EBITDA margin on a sequential basis expanded by 120 basis points. BFSI continues to be the biggest segment in terms of revenue growth, although the number has come down from 43.2% in the first quarter of financial year 2026, to 38.1% currently. The company also disclosed its hedges status, with the current number at $282.7 million at an average of 95.46 against the US Dollar. 100% of those hedges are forwards. With the fall seen by shares of eClerx this week, the stock has slipped below all of its key moving averages. The 200-Day Moving Average is now at ₹1,743, from which the stock is now significantly below. The sell-off has also dragged the stock into "oversold" territory on the charts, with its Relative Strength Index (RSI) on the charts at 24. An RSI reading below 30 means the stock is in "oversold" territory. Brokerages such as Kotak and Ambit continue to maintain a "sell" rating on eClerx, with Kotak's target of ₹1,450 indicating a further downside from current levels. The stock is tracked by 11 analysts, of which six have a "buy" rating, two say "hold", and three have a "sell" rating on the stock. Based on the consensus price target of analysts, the average upside potential predicted for the stock is 19%. Shares of eClerx Services are now trading 7.3% lower on Friday at ₹1,540. The stock has now extended its year-to-date fall to 36%. More from Market Flipkart under Walmart probe over alleged ₹150 crore kickbacks for preferential treatment: Report Oct 30, 2026 Large private banks worth buying, avoid IT for now: Bajaj AMC's Nimesh Chandan Oct 30, 2026 Varun Beverages Q3 Results: Stock falls on margin pressure; Consolidated volume growth of 28% Oct 30, 2026
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