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 7%; BSE IT Index Down 0.0%
Thu, 1 Aug 9:50

Firstsource Solutions Gains 7%; BSE IT Index Down 0.0%Image source: Kameleon007 /www.istockphoto.com

Firstsource Solutions share price has zoomed 7% and is presently trading at Rs 293.7.

Meanwhile, the BSE IT index is at 41,697.6 .

Among the top gainers in the BSE IT index today are KPIT TECHNOLOGIES (up 2.1%) and ZENSAR TECHNOLOGIES (up 1.7%).

Sonata Software (down 6.0%) and INDIAMART INTERMESH (down 1.3%) are among the top losers today.

Over the last one year, Firstsource Solutions has moved up from Rs 144.5 to Rs 293.7, registering a gain of Rs 149.3 (up 103.3%).

On the other hand, the BSE IT index has moved up from 30,276.6 to 41,697.6, registering a gain of 37.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 185.7%), INFIBEAM AVENUES (up 103.9%) and Firstsource Solutions (up 103.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 82,016.6 (up 0.3%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 2.7%) and MUNDRA PORT & SEZ (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,044.4 (up 0.4%). Maruti Suzuki and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 82,016.6, registering a gain of 15,488.9 points (up 23.3%).

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 39.5.


Equitymaster requests your view! Post a comment on "Firstsource Solutions Gains 7%; BSE IT Index Down 0.0%". Click here!