Firstsource Solutions share price has zoomed 8% and is presently trading at Rs 254.0.
Meanwhile, the BSE IT index is at 38,507.3 (up 0.1%).
Among the top gainers in the BSE IT index today are Coforge (up 0.8%) and TANLA SOLUTIONS (up 0.5%).
Mastek (down 1.2%) and PERSISTENT SYSTEMS (down 1.1%) are among the top losers today.
Over the last one year, Firstsource Solutions has moved up from Rs 129.3 to Rs 254.0, registering a gain of Rs 124.7 (up 96.5%).
On the other hand, the BSE IT index has moved up from 29,996.1 to 38,507.3, registering a gain of 28.4% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 172.4%), Birlasoft (up 102.0%) and Firstsource Solutions (up 96.5%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 79,855.2 (down 0.2%).
The top losers among the BSE Sensex today are Titan (down 4.1%) and Asian Paints (down 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.
In the meantime, NSE Nifty is at 24,276.6 (down 0.2%). Titan and Divis Laboratories are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,479.1 to 79,855.2, registering a gain of 14,376.1 points (up 22.0%).
Firstsource Solutions net profit fell 5.5% YoY to Rs 1,335 million for the quarter ended March 2024, compared to a profit of Rs 1,413 million a year ago. Net sales rose 7.3% to Rs 16,705 million during the period as against Rs 15,568 million in January-March 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 34.8.
Equitymaster requests your view! Post a comment on "Firstsource Solutions Gains 8%; BSE IT Index Up 0.1%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!