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Firstsource Solutions gains 7% on stake hike by Rakesh Jhunjhunwala

Jhunjhunwala's holdings in the company increased by 0.36 per cent from 2.9 per cent in December quarter to 3.26 per cent at the end of the March quarter

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Markets may correct in the short term. But in a bull market the correction is always sharp, swift and short-lived: Rakesh Jhunjunwala

SI Reporter Mumbai

3 min read Last Updated : Apr 09 2019 | 11:26 AM IST

Shares of Firstsource Solutions (FSL) were up 7 per cent at Rs 51.80 in intra-day trade on Tuesday, extending its previous day’s 1 per cent gain on the BSE, after ace stock-market investor Rakesh Jhunjhunwala purchased an additional 2.5 million shares of the business process outsourcing (BPO) services provider during the March quarter.

The latest shareholding pattern filed by FSL shows that Rakesh Jhunjhunwala holdings in the company increased by 0.36 per cent from 2.9 per cent in December quarter to 3.26 per cent at the end of the March quarter.

During the January-March quarter, the stock had underperformed the

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