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%).
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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 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.
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