FIRSTSOURCE SOL. Surges by 5%; BSE IT Index Up 1.6%

April 27, 2020 10:19 AM

FIRSTSOURCE SOL. share price has zoomed 5% and is presently trading at Rs 35.

Meanwhile, the BSE IT Index is at 13,216 (up 1.6%).

Among the top Gainers in the BSE IT Index today are FIRSTSOURCE SOL. (up 5.2%) and MINDTREE (up 8.6%).

WIPRO (down 0.3%) and SONATA SOFTWARE (down 3.5%) are among the top losers today.

Over the last one year, FIRSTSOURCE SOL. has moved down from Rs 52 to Rs 35, registering a loss of Rs 16 (down 31.2%).

On the other hand, the BSE IT has moved down from 15,912 to 13,216, loss of 2,696 points (down 17.3%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were INFIBEAM AVENUES (up 0.1%).

What About the Benchmark Indices?

The BSE Sensex is at 32,011 (up 2.1%).

The top gainers among the BSE Sensex stocks today are KOTAK MAHINDRA BANK (up 5.5%), AXIS BANK (up 4.4%) and RELIANCE IND. (up 3.5%). Other gainers include SUN PHARMA (up 3.0%) and HDFC (up 2.7%). The most traded stocks in the BSE Sensex are SBI and RELIANCE IND..

In the meantime, NSE Nifty is at 9,354 (up 2.0%). The top gainers in the NSE Nifty include KOTAK MAHINDRA BANK (up 5.8%), INDIABULLS HOU. FIN. (up 5.4%) and BHARTI INFRATEL (up 4.5%). Other gainers include EICHER MOTOR (up 4.2%) and AXIS BANK (up 4.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 39,055 to 32,011, registering a loss of 7,044 points (down 18.11%).

FIRSTSOURCE SOL. Financial Update...

FIRSTSOURCE SOL. net profit down at Rs 674 million for the quarter ended September 2019, compared to a loss of Rs 981 million a year ago. Net Sales declined 0.0% to Rs 9.8 billion during the period as against Rs 9.9 billion in July-September 2018.

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 6.9x.