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Firstsource Solutions slips on profit booking

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Capital Market
Last Updated : Dec 05 2014 | 10:48 PM IST

Firstsource Solutions fell 1.86% to Rs 36.90 at 14:15 IST on BSE, with the stock sliding on profit taking after recent rally.

Meanwhile, the S&P BSE Sensex was down 13.11 points or 0.05% at 28,549.71.

On BSE, so far 2.52 lakh shares were traded in the counter as against average daily volume of 5.41 lakh shares in the past one quarter.

The stock hit a high of Rs 38.10 and a low of Rs 36.40 so far during the day. The stock had hit a 52-week low of Rs 19.35 on 18 December 2013. The stock had hit a 52-week high of Rs 44.30 on 23 September 2014.

The stock had underperformed the market over the past one month till 4 December 2014, declining 4.57% compared with Sensex's 2.52% rise. The scrip had also underperformed the market in past one quarter, sliding 2.84% as against Sensex's 5.45% rise.

The small-cap company has equity capital of Rs 664.52 crore. Face value per share is Rs 10.

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Shares of Firstsource Solutions had rallied 11.9% in two trading sessions to settle at Rs 37.60 yesterday, 4 December 2014, from a recent low of Rs 33.60 on 2 December 2014.

On consolidated basis, Firstsource Solutions' net profit rose 15% to Rs 61.24 crore on 1.03% growth in net sales to Rs 769.80 crore in Q2 September 2014 over Q1 June 2014.

Firstsource Solutions provides business process outsourcing (BPO) services, offering a wide range of services across banking and financial services, telecommunications & media and healthcare industry.

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First Published: Dec 05 2014 | 2:10 PM IST

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