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
The derivative analyst from HDFC Securities recommends buying FSL April 140 Call and simultaneously selling 150 Call.
The acquisition enhances Firstsource's leadership in consumer debt management services
The company on Wednesday posted a rise in consolidated net profit
Rakesh Jhunjhunwala's stake in the company declined to 1.29 per cent in December quarter from 2.88 per cent at the end of September quarter
On December 23, Firstsource Solutions announced that the firm has acquired PatientMatters, a healthcare Revenue Cycle Management (RCM) solutions provider
The stock of Firstsource Solutions is 5 per cent away from its all-time high level of Rs 93, touched on May 15, 2007
The management said this strategic acquisition magnifies strong patient-centric revenue management capabilities and creates adjacent areas for growth for the company
After reducing stake in the previous three consecutive quarters, Rakesh Jhunjhunwala increased his stake in the company to nearly 3 percentage points.
The stock was up 4% at Rs 78.95, its highest level since January 10, 2018, rallied 101% in past six months as compared to 8% rise in the S&P BSE Sensex.