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Firstsource Solutions Gains 3%; BSE IT Index Up 1.4%
Thu, 4 Jul 13:27

Firstsource Solutions Gains 3%; BSE IT Index Up 1.4%Image source: Eoneren/www.istockphoto.com

Firstsource Solutions share price has zoomed 3% and is presently trading at Rs 231.7.

Meanwhile, the BSE IT index is at 38,642.7 (up 1.4%).

Among the top gainers in the BSE IT index today are Mastek (up 4.4%) and Sonata Software (up 3.8%).

Wipro (down 1.3%) and Tech Mahindra (down 1.1%) are among the top losers today.

Over the last one year, Firstsource Solutions has moved up from Rs 129.6 to Rs 231.7, registering a gain of Rs 102.1 (up 78.8%).

On the other hand, the BSE IT index has moved up from 29,747.6 to 38,642.7, registering a gain of 29.9% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 174.7%), Birlasoft (up 103.8%) and ZENSAR TECHNOLOGIES (up 95.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,206.7 (up 0.3%).

The top gainers among the BSE Sensex today are HCl Tech. (up 3.0%) and ICICI Bank (up 2.0%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 24,343.8 (up 0.2%). HCl Tech. and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,206.7, registering a gain of 15,001.7 points (up 23.0%).

Firstsource Solutions Financial Update...

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 31.7.


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