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Analytics firm eClerx listed today at Rs 320 and ended the trading session with a 42.35 per cent gain over the IPO price of Rs 315. The company's stock closed at Rs 448.40 on the National Stock Exchange. That is not bad for a pure play analytics firm. It traded with volumes of 93,16,883 shares recording the turnover of Rs 392 crore, reports Moneycontrol.com.
Meanwhile, PG Mundra, Executive Director of eClerx Services, told CNBC-TV18 that they are looking at the US and Europe for acquisitions. It will make acquisitions worth $5-15 million, and a deal is expected to be closed in the next financial year.
The company had closed one transaction in July this year when it bought a UK company called Igentica. Mundra told CNBC TV18: "Going forward also, our strategy around acquisitions remains the same, which is to look for small strategic deals, which we can bolt on to our existing model. So they don’t require a huge transformation."