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 12%; BSE IT Index Up 1.5%
Tue, 6 Aug 10:45

Firstsource Solutions Gains 12%; BSE IT Index Up 1.5%Image source: Kameleon007 /www.istockphoto.com

Firstsource Solutions share price has zoomed 12% and is presently trading at Rs 306.5.

Meanwhile, the BSE IT index is at 39,793.4 (up 1.5%).

Among the top gainers in the BSE IT index today are Sonata Software (up 4.1%) and ZENSAR TECHNOLOGIES (up 3.6%).

INDIAMART INTERMESH is among the top losers today.

Over the last one year, Firstsource Solutions has moved up from Rs 144.8 to Rs 306.5, registering a gain of Rs 161.7 (up 111.7%).

On the other hand, the BSE IT index has moved up from 30,385.2 to 39,793.4, registering a gain of 31.0% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 162.0%), INFIBEAM AVENUES (up 113.6%) and Firstsource Solutions (up 111.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,153.9 (up 0.5%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 2.2%) and JSW Steel (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,176.3 (up 0.5%). Tech Mahindra and Adani Enterprises are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 79,153.9, registering a gain of 13,371.1 points (up 20.3%).

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 41.2.


Equitymaster requests your view! Post a comment on "Firstsource Solutions Gains 12%; BSE IT Index Up 1.5%". Click here!