eClerx Services shares drop 5% as IT firm announces share buyback, Q4 show

Shares of eClerx Sevices slid 5 per cent at Rs 2282.35 per share on the BSE in Friday’s intraday trade. The stock prices cracked after the company reported a weak quarter-four on a sequential basis for the fiscal year 2023-24 (Q4FY24) on Thursday. Along with this, the IT firm also approved a buyback of its 13.75 lakh equity shares.