Firstsource Solutions surged 5.8% to Rs 43.75 at 14:09 IST on BSE after two bulk deals were executed on the scrip on the BSE today, 19 September 2017.
A bulk deal of 11.55 lakh shares was executed on the Firstsource Solutions scrip at Rs 43.80 per share at 11:33 IST on BSE. Another bulk deal of 12.52 lakh shares was executed on the scrip at Rs 43.90 per share at 11:38 IST on BSE.
Meanwhile, the S&P BSE Sensex was up 33.77 points, or 0.1% at 32,457.53. The S&P BSE Small-Cap index was up 104.67 points, or 0.62% at 16,938.25.
Bulk deal boosted volume on the scrip. On the BSE, 45.44 lakh shares were traded on the counter so far as against the average daily volumes of 7.48 lakh shares in the past one quarter. The stock had hit a high of Rs 44.15 and a low of Rs 41.35 so far during the day. The stock had hit a 52-week high of Rs 49.30 on 13 February 2017 and a 52-week low of Rs 30.40 on 15 June 2017.
The stock had outperformed the market over the past one month till 18 September 2017, rising 21.26% compared with 2.85% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 20.38% as against Sensex's 3.6% gains. The scrip, however, underperformed the market in past one year, sliding 4.83% as against Sensex's 13.23% gains.
The small-cap company has equity capital of Rs 682.13 crore. Face value per share is Rs 10.
Firstsource Solutions' consolidated net profit rose 0.77% to Rs 65.40 crore on 1.58% decrease in net sales to Rs 850.67 crore in Q1 June 2017 over Q4 March 2017.
Firstsource Solutions is a provider of a range of business process management services across the customer life cycle delivered through transaction processing.
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