Firstsource Solutions

Firstsource Solutions has rallied 15% to Rs 361.65, with a combined 17.24 million equity shares representing 2.5% of total equity of the company changing hands on the NSE and BSE till 01:32 PM.

The surge in Firstsource Solutions share price came after the company announced that Firstsource Solutions UK Limited, a wholly-owned subsidiary of the company, has acquired Ascensos for 42 mn pounds

He gives insights into the plans to increase margins for Firstsource in the next 30 months through organic and inorganic growth

The uptick in Firstsource Solutions share price came after the company announced that it has inked a pact with Microsoft to deliver cutting-edge digital transformation services to clients worldwide.

FSL revised its revenue growth guidance to 11.5-13.5 per cent for FY25 in CC terms (vs 10-13 per cent earlier)

Pharma index has rebounded from the key support zone and LUPIN is offering fresh buying opportunity with favorable risk to reward

Despite the recent downturn, the broader trend for the Nifty SmallCap index is likely to remain positive as long as the index holds above the 12,050-level.

Midcap IT as a sector has been outperforming and the same is expected to continue

In the past two weeks, the stock price of FSL has declined 19 per cent after the company lowered its FY22 revenue growth guidance.

The acquisition enhances Firstsource's leadership in consumer debt management services

The company on Wednesday posted a rise in consolidated net profit

If there is no escalation in geopolitical concerns and Covid-19 cases, the Indian markets are likely to continue their northward trajectory

The stock rallied 15% to Rs 74.20, extending its Tuesday's 3% gain on the BSE.

Move to help the firm in reducing its servicing costs

Kolkata based RP-Sanjiv Goenka Group's business process outsourcing (BPO) wing, Firstsource Solutions Ltd (FSL) is likely to post muted growth in the ongoing fiscal quarter as the global currency volatility is dragging down its bottomline and the businesses in USA and UK is undergoing a phase of flux on account of changes in US policies and Brexit.The company's exposure to the US Dollar and the British Pound is to the tune of 93.4 per cent of its revenue. While the US Dollar is used as the currency to conduct 55.4 per cent of its business, the British Pound makes up for the remaining 38 per cent."The growth in the first quarter (of the current fiscal year) is likely to be muted but the benefits of the contract with Sky will start coming in from the second quarter which will boost growth further", Sanjiv Goenka, chairman of the RP-SG Group said.During the quarter ended March 31, 2017, the company posted a 15.7 per cent decline in its net profit at Rs. 65.3 crore as against the net ...

In Q3, UK contributed 37.6% to its Rs 885.4 crore topline while operations in USA contributed 56.2%

Firstsource is on the lookout to acquire niche companies mainly in UK and USA