NSE said no contracts will be available for trading in Firstsource Solutions and Torrent Power with effect from March 31, 2023, the first day of the April series.

ICICI Direct recommended reduce rating on Firstsource Solutions with a target price of Rs 93 in its research report dated November 04, 2022.

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 1537.60 Crore, up 3.98 % from last quarter Total Income of Rs 1478.71 Crore and up 7.57 % from last year same quarter Total Income of Rs 1429.34 Crore. Company reported net profit after tax of Rs 129.40 Crore in latest quarter.

Momentum indicator Moving Average Convergence Divergence (MACD) showed bullish trend in the counters of JSW Energy, Aditya Birla Fashion, FirstSource Solution, Orient Cement and Swan Energy among others

According to the data from Ace Equity, as many as three dozen stocks need to post over 100% returns from their current levels. These 36 stocks need to rally 100-426% to regain their 52-week highs from the last close. The list of beleaguered counters include players from various sectors including new-age internet companies, NBFCs, IT, healthcare, petrochem, energy, auto and auto ancillaries, media, consumer durables, telecom and others.

With the British pound tumbling to its all-time low against the US dollar amid a gloomy outlook for Europe, analysts expect the earnings of companies with business interests in the region to be under pressure.

Despite a steep depreciation in rupee, pushing it to new lows, software exporters have remained out of favour. Majority of them rule out expectations of a sharp recovery anytime soon, but are bullish on the space in the long run.

All the spending is going into IT, whether it is in terms of digitalisation, cloud migration or Blockchain. These are strategic spends and not discretionary in nature, said Nitin Raheja, Executive Director, Head - Discretionary Equities, Julius Baer Wealth Advisors.

Leading the gains, Vakrangee zoomed over 36 per cent to Rs 37.65 during the week on the back of heavy volumes. The bourses sought clarification from the IT enabled service provider over the same.

Firstsource Solutions Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 8126.91 Crore) operating in IT Enabled Services sector.

Firstsource Solutions Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 7625.08 Crore) operating in IT Enabled Services sector.

Three stocks Brightcom Group, Tata Teleservices (Maharashtra) and Zomato require a 175-176 per cent rally to revisit their 52-week highs. While not many brokerages track the first two stocks, a host of brokerages have turned positive on Zomato. The stock has also been in a recovery mode, having risen some 15 per cent in the last one month.

Godrej Consumer Products, Oracle Financial Services Software, Nuvoco Vistas Corporation, BASF India, Birlasoft, Firstsource Solutions, Gujarat Pipavav Port, TTK Healthcare, Nelcast, and Simplex Realty will have their annual general meetings (AGM) today.

According to the data from AceEquity, 392 stocks out of the BSE 500 index have delivered negative returns between January to June 2022. It means that four out of every five stocks are down on a year-to-date (YTD) basis as of June 29.About 210 stocks have dropped more than 20 per cent in the first half of 2022, while 40 stocks have tanked between 40-72 per cent, highlighting painful six months for investors.

The company reported a 166 per cent YoY jump in net profit at Rs 728.77 crore for the quarter compared with Rs 273.84 crore in the corresponding quarter last year. The average target price on this stock has fallen to Rs 245 from Rs 255 recently, which suggests a 150 per cent potential upside on the counter.

Accenture's strong Q3 performance and upward revision in local currency revenue growth guidance for FY22 indicate a robust demand environment, said Emkay Global, which added that broad-based healthy demand, steady revenue growth and healthy order booking in outsourcing (10.5 per cent YoY YTD) augur well for its Indian IT peers.

Despite the rebound, we feel the market has not reached its bottom, since price patterns on the Nifty50 show that the uptrend has been significantly harmed, said Yesha Shah, Head of Equity Research, Samco Securities.

Anand Rathi is bullish on Firstsource Solutions has recommended buy rating on the stock with a target price of Rs 145 in its research report dated May 11, 2022.

ICICI Direct recommended hold rating on Firstsource Solutions with a target price of Rs 127 in its research report dated May 09, 2022.

Firstsource Solutions Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 7562.35 Crore) operating in IT Enabled Services sector.

Firstsource Solutions Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 7924.79 Crore) operating in IT Enabled Services sector.

Emkay Global Financial is bullish on Firstsource Solutions has recommended buy rating on the stock with a target price of Rs 170 in its research report dated May 06, 2022.

A clear bear flag formation with strong divergence in RSI shows the downtrend will continue. Best level to accumulate is around 70-85 highlighted at golden zone. Medium term swing target should be around 190 (150 % ROI) Long term positional target should be beyond 380 (400 % ROI) Kindly do your due diligence before investing in this small cap company. Peace!!