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FIRSTSOURCE SOL. Surges by 5%; BSE IT Index Down 0.6%

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FIRSTSOURCE SOL. Surges by 5%; BSE IT Index Down 0.6%
Tue, 5 Mar 11:12 AM

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

Meanwhile, the BSE IT Index is at 15,382 (down 0.6%).

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

HCL TECH. (down 0.4%) and NIIT TECHNOLOGIES (down 0.6%) are among the top losers today.

Over the last one year, FIRSTSOURCE SOL. has moved down from Rs 53 to Rs 47, registering a loss of Rs 6 (down 11.7%).

On the other hand, the BSE IT has moved up from 12,440 to 15,382, registering a gain of 2,942 points (up 22.7%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 51.1%), TECH MAHINDRA (up 33.2%) and TCS (up 31.2%).

What About the Benchmark Indices?

The BSE Sensex is at 36,154 (up 0.2%).

The top gainers among the BSE Sensex stocks today are TATA MOTORS (up 9.7%), TATA MOTORS DVR (up 8.2%) and HERO MOTOCORP (up 3.2%). Other gainers include COAL INDIA (up 1.9%) and ONGC (up 1.6%). The most traded stocks in the BSE Sensex are TATA MOTORS and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 10,896 (up 0.3%). TATA MOTORS (up 8.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,047 to 36,154, registering a gain of 2,107 points (up 6.2%).

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 2016, FIRSTSOURCE SOL. reported 13.2% increase in net profit to Rs 2.7 billion compared to net profit of Rs 2.3 billion during FY15.

Revenue of the company grew 6.4% to Rs 32 billion during FY16.

The current Price to earnings ratio of FIRSTSOURCE SOL., based on rolling 12 month earnings, stands at 8.5x.

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