Firstsource Solutions Ltd up by 11.89 %: Market Update By Espresso

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Espresso shot of the day – Firstsource Solutions Ltd up by 11.89 percent

July 16, 2021
Espresso shot of the day – Firstsource Solutions Ltd up by 11.89 percent

FIRSTSOURCE SOLUTIONS LTD 229.70 (+11.89%)  BSE – INE684F01012 | 16TH JULY 2021

Firstsource, a part of the RP-Sanjiv Goenka Group, is a leading provider of business process solutions to more than 100 global businesses in the Banking and Financial Services, Healthcare, Communications, Media and Technology, and diversified industries. Firstsource employs over 26,000 people across the US, UK, India and Philippines. Using their “Digital First, Digital Now” strategy as the North Star, their transformational tech-based solutions help people simplify complex business processes, elevating customer experience and creating value across businesses. Their tech-based solutions span these major areas: Digitally Empowered Contract Centers, Intelligent Back Office, Platforms, Automation and Analytics. 

Recent Drivers

  • On July 7, 2021, Firstsource Solutions allotted 53,470 equity shares of Rs 10 each bearing distinctive numbers 696,650,777 to 696,704,246 under Employee Stock Option Scheme 2003 of the company.
  • On June 23, 2021, Firstsource Solutions informed that 212,000 shares have been allotted as per Firstsource Solutions Limited Employee Stock Option Plan 2019 (ESOP 2019 Plan). The exercise price of the shares as per the ESOP 2019 Plan is the face value of the shares of the company (that is, Rs 10 per share).
  • On June 9, 2021, Firstsource Solutions informed that 409,500 shares have been allotted as per Firstsource Solutions Limited Employee Stock Option Plan 2019 (ESOP 2019 Plan). The exercise price of the shares as per the ESOP 2019 Plan is the face value of the shares of the company (that is, Rs 10 per share).
  • On May 24, 2021, Firstsource Solutions unveiled the Firstsource Automation League – a citizen development program to democratize automation and empower the workforce.
  • On May 11, 2021, the Board of Firstsource Solutions at its meeting held on 10 May has appointed Anjani Agrawal as an Additional Director (Non-Executive, Independent Director, not liable to retire by rotation).
  • Firstsource Solutions reported quarterly net profit at Rs 46.68 crores in March 2021.
  • Firstsource Solutions reported net sales at Rs 1,462.84 crores in March 2021.
(Sources: Business Standard, Moneycontrol, BSEIndia)


Technical Force*

  • S&P BSE 500 month till date gain up by 1.87%
  • Traded on all-time-high value of 235.90
  • Spurt in volume by more than 3.45 times compared to previous vol. 3 months avg. qty. – 4,51,140
  • Quantity traded: 14,46,001 | Deliverable quantity: 1,74,828 (12.09%)
  • Stock price has jumped more than 475% from one-year-low level: 41.15 (July 22, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 235.90 | 52-week-low: 41.15

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

232.45

173.95

137.65

79.15

42.85

-

-

-

Fibonacci Pivot

173.95

137.74

115.36

100.95

79.15

57.35

42.94

20.56

-


Today’s Close

229.70

SMA

BSE

10 DAY

197.84

20 DAY

186.86

50 DAY

161.87

200 DAY

109.75


Some Key Ratios (Source: BSE)

Market Cap: 16,003.30 crores

PE: 43.64

OPM%: 40.07

ROE%: 16.88

Promoters holding%: 53.68

Prev. Close: 205.30

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.