Multibagger Stock: After the second wave of Kovid-19 in the stock market, a good number of stocks have entered the list of multibagger stocks. These multibagger stocks in India include shares of eClerx Services. In the year-to-date (YTD) time, the shares of eClerx rose from around ₹886 to ₹2250 per share level. That is, there has been an increase of more than 150 percent in this period.
Brokerage firm Emkay Global Financial Services is expecting even more upside in this multibagger stock. According to its latest report, the share price of eClerx can go up to ₹ 2700 level in 12 months, giving its shareholders about 20 percent profit.
What does brokerage firm report say?
The brokerage report further states that eClerx has been successful in acquiring digital capabilities, broadening its portfolio and integrating those capabilities with its business, resulting in great sell and cross-sell opportunities. The Personiv acquisition will connect customers in the SMB segment and provide opportunities for SMB customers to cross-sell automation, analytics and other managed services.
In order to suggest positional investors regarding this multibagger IT stock, the Emkay Global Financial Services report said that investors can start buying over the counter at the current market price with a one-year target of ₹ 2700 level.
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