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Reduce Firstsource Solutions; target of Rs 93: ICICI Direct

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

November 05, 2022 / 01:06 PM IST
 
 
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ICICI Direct's research report on Firstsource Solutions

Firstsource Solutions (FSL) provides business process services to BFSI, communication, media, tech and healthcare. The company generates 70% revenues from the US and 27% from the UK • FSL is a domain driven BPM company, which has 150+ clients, including 17 Fortune 500 companies and nine FTSE 100 companies. The company has 23,932 employees across the US, UK, India and Philippines.


Outlook

We maintain our REDUCE rating on the stock. We value FSL at Rs 93 i.e. 11x P/E on FY25E.

For all recommendations report, click here

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Firstsource Solutions - 04-11-2022 - icici

Broker Research
first published: Nov 5, 2022 01:06 pm

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