Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Firstsource Solutions Gains 4%; BSE IT Index Up 1.3%
Wed, 14 Aug 14:22

Firstsource Solutions Gains 4%; BSE IT Index Up 1.3%Image source: Eoneren/www.istockphoto.com

Firstsource Solutions share price has zoomed 4% and is presently trading at Rs 289.3.

Meanwhile, the BSE IT index is at 40,420.8 (up 1.3%).

Among the top gainers in the BSE IT index today are Sonata Software (up 3.6%) and CYIENT (up 3.4%).

Eclerx Services (down 3.8%) and Mastek (down 2.2%) are among the top losers today.

Over the last one year, Firstsource Solutions has moved up from Rs 146.7 to Rs 289.3, registering a gain of Rs 142.6 (up 97.2%).

On the other hand, the BSE IT index has moved up from 31,218.6 to 40,420.8, registering a gain of 29.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 170.5%), INFIBEAM AVENUES (up 117.8%) and Firstsource Solutions (up 97.2%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,167.0 (up 0.3%).

The top gainers among the BSE Sensex today are TCS (up 2.0%) and HCl Tech. (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 24,172.5 (up 0.1%). TCS and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,167.0, registering a gain of 13,765.1 points (up 21.0%).

Firstsource Solutions Financial Update...

Firstsource Solutions net profit grew 7.4% YoY to Rs 1,352 million for the quarter ended June 2024, compared to a profit of Rs 1,260 million a year ago. Net sales rose 17.1% to Rs 17,911 million during the period as against Rs 15,292 million in April-June 2023.

For the year ended March 2024, Firstsource Solutions reported 0.2% increase in net profit to Rs 5,147 million compared to net profit of Rs 5,137 million during FY23. Revenue of the company grew 5.2% to Rs 63,362 million during FY24.

The current Price to earnings ratio of Firstsource Solutions, based on rolling 12 month earnings, stands at 39.0.


Equitymaster requests your view! Post a comment on "Firstsource Solutions Gains 4%; BSE IT Index Up 1.3%". Click here!