Firstsource Solutions Ltd. News and Updates

Name: Latest research reports of Firstsource Solutions Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Firstsource Solutions Ltd.
Rating: 5
Author: ICICI Securities Limited

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Firstsource Solutions Ltd.

29 Dec 2020

353.15

-1.04%

Firstsource Solutions shares slip after hitting new high; Reliance Securities suggests booking profits

Moneycontrol

Reliance Securities suggests booking profit in the stock. One should look at retracements near to the previous all-time high levels of Rs 83-85 range for fresh investments, it said.

Firstsource Solution.. has an average target of 349.67 from 3 brokers.

Firstsource Solutions Ltd.

23 Dec 2020

353.15

-1.04%

Firstsource buys US-based PatientMatters for $13 m

Business Line

RP-Sanjiv Goenka Group company Firstsource Solutions which is into business process management services has acquired the US-based PatientMatters,

Firstsource Solution.. has an average target of 349.67 from 3 brokers.

Firstsource Solutions gains 5% on acquisition of PatientMatters

Business Standard | 23 Dec 2020

Firstsource Solutions Ltd.

04 Nov 2020

353.15

-1.04%

Buy Firstsource Solutions; target of Rs 84: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Firstsource Solutions recommended buy rating on the stock with a target price of Rs 84 in its research report dated October 29, 2020.

Firstsource Solution.. has an average target of 349.67 from 3 brokers.

Buy Firstsource Solutions; target of Rs 90: Anand Rathi

Moneycontrol | 04 Nov 2020

Firstsource Solutions Ltd.

03 Nov 2020

353.15

-1.04%

Buy Firstsource Solutions; target of Rs 100: Dolat Capital Market

Moneycontrol

Dolat Capital Market is bullish on Firstsource Solutions has recommended buy rating on the stock with a target price of Rs 100 in its research report dated October 29, 2020.

Firstsource Solutions Ltd. has gained 44.33% in the last 1 Year

Firstsource Solutions Ltd.

29 Oct 2020

353.15

-1.04%

Firstsource Solutions

Buy: Firstsource Solutions Ltd.

Target

ICICI Securities Limited

The current quarter growth was driven by healthy growth in top client and banking, mainly led by the mortgage business. Going forward, the company expects top client contribution to reach pre-Covid levels by the next two quarters (from current 16.2% to at least 20.3% by Q4FY21E). In addition, FSL has seen healthy client wins (~15) in the quarter of which nine were in banking (especially mortgage). This, coupled with healthy wins in the previous quarter, improving UK BFS and ramp up of existing clients will drive mortgage business. A key driver of mortgage business (as per FSL) is...

Firstsource Solution.. has an average target of 349.67 from 3 brokers.

Firstsource Solutions Ltd.

28 Oct 2020

353.15

-1.04%

Firstsource Q2 net profit surges 56% to Rs 105.2 crore

Moneycontrol

Its net profit (attributable to owners of the equity) stood at Rs 67.3 crore in the year-ago period, Firstsource said in a statement.

Firstsource Solutions Ltd. has gained 44.33% in the last 1 Year

Firstsource Solutions Ltd.

01 Oct 2020

353.15

-1.04%

Forensic report revealed Hathras woman was not raped: UP Police

Moneycontrol

Citing a forensic science laboratory (FSL) report, ADG (Law and Order) Prashant Kumar said the cause of her death is an injury on the neck and trauma resulting due to it.

Firstsource Solutions Ltd. has gained 44.33% in the last 1 Year

Firstsource Solutions Ltd.

17 Aug 2020

353.15

-1.04%

Buy Firstsource Solutions; target of Rs 85: Dolat Capital

Moneycontrol

Dolat Capital is bullish on Firstsource Solutions has recommended buy rating on the stock with a target price of Rs 85 in its research report dated August 13, 2020.

Firstsource Solutions Ltd. is trading below all available SMAs

Firstsource Solutions Ltd.

17 Aug 2020

353.15

-1.04%

Firstsource Sol

Buy: Firstsource Solutions Ltd.

Target

Dolat Capital

Results beat; Guidance and Commentary gives comfort Firstsource (FSL) reported above expectation results, with a sequential revenue de-growth of 4.3% in CC terms (DART estm: 6.0% decline) due to positive surprise in BFSI Vertical (up 13.9% QoQ in $ terms) and OPM improvement of about 20bps...

Firstsource Solutions Ltd. is trading below all available SMAs

Firstsource Solutions Ltd.

13 Aug 2020

353.15

-1.04%

Firstsource Solutions

Buy: Firstsource Solutions Ltd.

Recommendation Target

ICICI Securities Limited

The current quarter was impacted by lower volumes from top client. However, FSL expects contribution of top client to gradually improve from 13.7% of topline in Q1FY21 to 20.3% in Q4FY21E. Also, the company is seeing traction in its mortgage business (led by new home sales and may see better growth if delinquencies increases) and improvement in healthcare business. Further, six new logo wins in BFS, new logo win in media & communication, traction in UK retail & BFS and improvement in payer business is expected to drive revenues. In addition, FSL's strategy of...