FIRSTSOURCE SOL. Surges by 5%; BSE IT Index Up 1.1%

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FIRSTSOURCE SOL. Surges by 5%; BSE IT Index Up 1.1%
Tue, 19 Mar 03:24 PM

FIRSTSOURCE SOL. share price has zoomed 5% and is presently trading at Rs 47.

Meanwhile, the BSE IT Index is at 15,153 (up 1.1%).

Among the top Gainers in the BSE IT Index today is FIRSTSOURCE SOL. (up 5.0%).

MPHASIS (down 0.3%) and CYIENT (down 0.6%) are among the top losers today.

Over the last one year, FIRSTSOURCE SOL. has moved down from Rs 48 to Rs 47, registering a loss of Rs 1 (down 2.7%).

On the other hand, the BSE IT has moved up from 12,074 to 15,153, registering a gain of 3,079 points (up 25.5%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 50.8%), TCS (up 43.3%) and ZENSAR TECHNOLOGIES (up 32.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,393 (up 0.8%).

The top gainers among the BSE Sensex stocks today are ITC (up 2.4%), RELIANCE IND. (up 2.2%) and INFOSYS (up 2.0%). Other gainers include BHARTI AIRTEL (up 1.9%) and SBI (up 1.5%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,544 (up 0.7%). BHARTI INFRATEL (up 3.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,923 to 38,393, registering a gain of 5,470 points (up 16.6%).

FIRSTSOURCE SOL. Financial Update...

FIRSTSOURCE SOL. net profit down at Rs 981 million for the quarter ended December 2018, compared to a loss of Rs 996 million a year ago. Net Sales rose 11.0% to Rs 9.9 billion during the period as against Rs 8.9 billion in October-December 2017.

For the year ended March 2018, FIRSTSOURCE SOL. reported 17.0% increase in net profit to Rs 3.3 billion compared to net profit of Rs 2.8 billion during FY17.

Revenue of the company grew 0.6% to Rs 35 billion during FY18.

The current Price to earnings ratio of FIRSTSOURCE SOL., based on rolling 12 month earnings, stands at 8.6x.

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