TDCX (NYSE:TDCX) Sees Large Volume Increase

TDCX Inc. (NYSE:TDCX) shares saw unusually-high trading volume on Thursday . Approximately 313,504 shares traded hands during mid-day trading, an increase of 18% from the previous session’s volume of 265,723 shares.The stock last traded at $7.16 and had previously closed at $7.20.

TDCX Price Performance

The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.44 and a beta of 0.26. The company has a quick ratio of 8.16, a current ratio of 7.64 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $7.05 and a two-hundred day simple moving average of $5.98.

TDCX (NYSE:TDCX) last released its earnings results on Wednesday, March 6th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $120.43 million during the quarter, compared to the consensus estimate of $118.67 million. TDCX had a return on equity of 18.91% and a net margin of 18.24%. As a group, research analysts predict that TDCX Inc. will post 0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in TDCX by 53.8% during the 1st quarter. GAMMA Investing LLC now owns 5,365 shares of the company’s stock valued at $38,000 after purchasing an additional 1,876 shares during the period. Carmignac Gestion raised its stake in TDCX by 9.1% during the 4th quarter. Carmignac Gestion now owns 120,000 shares of the company’s stock valued at $582,000 after purchasing an additional 10,000 shares during the period. Jump Financial LLC acquired a new stake in TDCX during the 4th quarter valued at $58,000. Russell Investments Group Ltd. raised its stake in TDCX by 162.6% during the 4th quarter. Russell Investments Group Ltd. now owns 23,243 shares of the company’s stock valued at $110,000 after purchasing an additional 14,393 shares during the period. Finally, Trexquant Investment LP raised its stake in TDCX by 187.6% during the 4th quarter. Trexquant Investment LP now owns 67,755 shares of the company’s stock valued at $329,000 after purchasing an additional 44,198 shares during the period. Institutional investors own 10.95% of the company’s stock.

About TDCX

TDCX Inc, together with its subsidiaries, provides outsource contact center services for technology and other blue-chip companies in Singapore, Malaysia, Thailand, the Philippines, Japan, China, Spain, India, Colombia, South Korea, and Romania. It offers digital customer experience solutions, including after-sales service and customer support across various industry verticals, such as travel and hospitality, digital advertising and media, fast-moving consumer goods, technology, financial services, fintech, government and non-governmental organizations, gaming, e-commerce, and education.