Firstsource Solutions share price has plunged 6% and is presently trading at Rs 350.5.
Meanwhile, the BSE IT index is at 41,533.4 (down 1.1%).
Among the top losers in the BSE IT index today are KPIT TECHNOLOGIES (down 3.9%) and INTELLECT DESIGN (down 2.8%).
Eclerx Services (up 2.8%) and ZENSAR TECHNOLOGIES (up 2.1%) are among the top gainers today.
Over the last one year, Firstsource Solutions has moved up from Rs 156.9 to Rs 350.5, registering a gain of Rs 193.6 (up 123.4%).
On the other hand, the BSE IT index has moved up from 30,902.5 to 41,533.4, registering a gain of 34.4% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 171.9%), Firstsource Solutions (up 123.4%) and PERSISTENT SYSTEMS (up 89.8%).
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The BSE Sensex is at 79,584.4 (down 0.5%).
The top losers among the BSE Sensex today are Tata Motors (down 4.4%) and Indusind Bank (down 2.5%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.
In the meantime, NSE Nifty is at 24,187.9 (down 0.6%). Tata Motors and IOC are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,584.4, registering a gain of 15,535.3 points (up 24.3%).
Firstsource Solutions net profit grew 9.2% YoY to Rs 1,382 million for the quarter ended September 2024, compared to a profit of Rs 1,265 million a year ago. Net sales rose 25.0% to Rs 19,254 million during the period as against Rs 15,400 million in July-September 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 46.2.
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