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Last Updated : Apr 09, 2019 10:00 AM IST | Source: Moneycontrol.com

Firstsource Solutions gains 4% after Rakesh Jhunjhunwala increases stake

At 0942 hrs, Firstsource Solutions was quoting Rs 50.70, up 4.63 percent on the BSE.

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Firstsource Solutions gained more than 4 percent intraday on April 8 after billionaire investor Rakesh Jhunjhunwala increased his stake in the company from 2.89 percent to 3.26 percent.

According to a report in The Economic Times, Jhunjhunwala increased his stake after the stock of the business process outsourcing services provider was available cheaper in terms of valuations after a correction of 50 percent between September 2018 and February 2019.

The share touched its 52-week high of Rs 83.85 and 52-week low of Rs 39.25 on 13 June 2018 and 21 February 2019, respectively.

At 0942 hours, Firstsource Solutions was quoting at Rs 50.70, up 4.63 percent on the BSE.
First Published on Apr 9, 2019 10:00 am
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