iStockRelated
ICICI Direct has buy call on with a target price of Rs 123. The current market price of Firstsource Solutions Ltd. is Rs 112.9.
Firstsource Solutions Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 7668.48 Crore) operating in IT Enabled Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1366.50 Crore, up 14.85 % from last quarter Total Income of Rs 1189.79 Crore and up 29.56 % from last year same quarter Total Income of Rs 1054.71 Crore. Company reported net profit after tax of Rs 121.05 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to continue with its current up move and head towards Rs 123 levels as it is the 123.6% external retracement of the previous breather ( Rs 115 to 84) placed at Rs 123 levels.
Promoter/FII Holdings
Promoters held 53.9 per cent stake in the company as of June 30, 2020, while FIIs held 7.6 percent, DIIs 12.7 per cent and public and others 25.8 per cent.
Firstsource Solutions Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 7668.48 Crore) operating in IT Enabled Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1366.50 Crore, up 14.85 % from last quarter Total Income of Rs 1189.79 Crore and up 29.56 % from last year same quarter Total Income of Rs 1054.71 Crore. Company reported net profit after tax of Rs 121.05 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to continue with its current up move and head towards Rs 123 levels as it is the 123.6% external retracement of the previous breather ( Rs 115 to 84) placed at Rs 123 levels.
Promoter/FII Holdings
Promoters held 53.9 per cent stake in the company as of June 30, 2020, while FIIs held 7.6 percent, DIIs 12.7 per cent and public and others 25.8 per cent.
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