eClerx shares rise as Nomura hikes target, citing strong Q1 performance, new deals, and improved margin outlook.

• Q1 profit surged 26.3% YoY, revenue rose 19.5%, beating expectations on all key operational metrics.
• Nomura raised the price target to ₹4,200, expecting the EBITDA margin to grow steadily through FY28.
• Trading volume hit 2.1x 30-day average; stock is up 8.4% year-to-date with strong "buy" ratings.