Firstsource Solutions Ltd up by 10.72% - Traders Corners | Espresso

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Espresso Shot of the Day - Firstsource Solutions Ltd up by 10.72 percent

May 09, 2023
Espresso Shot of the Day - Firstsource Solutions Ltd up by 10.72 percent

FIRSTSOURCE SOLUTIONS LTD 127.55 (+10.72%) BSE –INE684F01012 | 9th May2023

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Firstsource Solutions Ltd is engaged in the business of providing customer management services like contact centers, transaction processing, and debt collection services. The company's business segment includes Banking and Financial Services, Healthcare, Communication, Media and Technology, and other Diverse Industries. It generates maximum revenue from the Banking and Financial Services segment. Geographically, it derives most of the revenue from the United States of America. Company has over 150 clients including 17 fortune 500 companies and 9 FTSE 100 companies.


Recent Drivers

  • On May 4,2023, FSL reported a quarterly net profit of Rs. 59.36 crores in March 2023.
  • On May 4,2023, company reported a quarterly net sale of 338.42 crores in March 2023.
  • Firstsource Solutions Limited on March 16,2023 announced the allotment of 1,22,938 shares to employees as stock option, through an exchange filing. The shares will be allotted under the First source Solutions Limited Employees Stock Option Plan 2019.
  • On February 2,2023, the Board of Directors of the Company at their meeting declared an Interim Dividend for the financial year ending 31st March 2023 @Rs. 3.50 per share (35%) on the paid-up capital of the Company.


Technical Force*

  • S&P BSE 500 month till date gain by 1.03%.
  • Traded on new 52 Week High value 129.40.
  • Spurt in Volume by more than 27.27 times.
  • 3 months avg. BSE volume: 1,22,289
  • Quantity traded: 23,26,160| Deliverable quantity: 7,23,436 (31.10%).
  • Stock price jumped by more than 30 % from a one-year low level: 93.00 (June 20, 2022)
  • Daily RSI (14) is in overbought territory today.
  • 52-week-high: 129.40| 52-week-low: 93.00


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

263.08

227.22

164.73

128.87

66.38

30.52

-

-

Fibonacci Pivot

227.22

189.65

166.44

151.49

128.87

106.25

91.30

68.09

30.52


Today’s Close

127.55

SMA

BSE

10 DAY

117.19

20 DAY

115.41

50 DAY

113.22

200 DAY

108.72


Some Key Ratios (Source: BSE)

Market Cap:  8,890.12 Crores

PE: 35.80

OPM%: 30.81

ROE%:  10.78

Promoters holding%: 53.66

Prev. Close:  115.20


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.