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Will AR will be more than 25%?

In the 2021 and 2023 buybacks the AR was around 38%, so this time also we can hope for a good AR. My guess is, it will be around 35%. Another good thing is that my Broker HDFC Sec is giving eClerx a target of ₹2830. When the recent Sharda Motor buyback came the target from HDFC Sec was ₹1654, during the buyback period itself it crossed it and later ₹2000 and today it closed at ₹2224. So hoping that eClerx will also reach the target.

Thank you for the insight and explanation :)