Firstsource Solutions share price has zoomed 8% and is presently trading at Rs 305.8.
Meanwhile, the BSE IT index is at 40,953.9 (up 1.2%).
Among the top gainers in the BSE IT index today are ZENSAR TECHNOLOGIES (up 3.2%) and PERSISTENT SYSTEMS (up 2.8%).
Over the last one year, Firstsource Solutions has moved up from Rs 146.7 to Rs 305.8, registering a gain of Rs 159.1 (up 108.4%).
On the other hand, the BSE IT index has moved up from 31,218.6 to 40,953.9, registering a gain of 31.2% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 171.5%), INFIBEAM AVENUES (up 122.2%) and Firstsource Solutions (up 108.4%).
Must See: These Segments are Witnessing Incredible Growth with Modi's Push
The BSE Sensex is at 79,719.2 (up 0.8%).
The top gainers among the BSE Sensex today are M&M (up 2.4%) and Tech Mahindra (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Nestle.
In the meantime, NSE Nifty is at 24,342.4 (up 0.8%). M&M and Hindalco are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,719.2, registering a gain of 14,317.3 points (up 21.9%).
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 8%; BSE IT Index Up 1.2%". 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!