Multibagger Software Stock To Potentially Reach Its Target Price Of Rs 125 In 3 Months, Invest

Leading brokerage firm ICICI Direct has given buy rating to the computer software stock Firstsource Solutions Ltd for a target price of R 125 apiece. Firstsource Solutions Ltd is an integral part of the RP-Sanjiv Goenka Group and a key provider of business process solutions to the world's leading brands in the Banking and Financial Services Healthcare Communications Media and Technology and other Diversified Industries.

Firstsource Solutions Stock Outlook

The current market price of the stock is Rs 116 apiece with an intraday gain of 2.92%. According to ICICI Direct, if you buy the stock at its current market price of Rs 116, it can surge to 125 levels in a time period of 3 months.

Firstsource Solutions 52 Week High/Low

The stock's 52-week high is Rs 222 apiece and 52-week low is Rs 93 apiece, respectively.

Firstsource Solutions Market Capitalization

The company has a market capitalization of Rs 8,119.94 crore at the time of writing the story.

Firstsource Solutions Return

It has given a return of 185% in last 5 years, 138% in last 3 years, and fallen 39% in last 1 month.

Firstsource Solutions Key Strengths And Weaknesses

It is effectively using shareholders fund - Return on equity (ROE) improving since last 2 year. It is efficient in managing Assets to generate Profits - ROA improving since last 2 year. It is a company with low debt. When it comes to weakness, MFs decreased their shareholding last quarter. It registered decline in Net Profit with falling Profit Margin (QoQ). It reported decline in quarterly net profit with falling Profit Margin (YoY).

Firstsource Solutions Q1 FY23 Results

It announced a consolidated total Income of Rs 1,478.71 Crore, down 4.20% from last quarter total income of Rs 1,543.54 crore. It has announced net profit after tax of Rs 85.09 crore in latest quarter.

About Firstsource Solutions

The Company's 'Digital First, Digital Now' approach helps organizations reinvent operations and reimagine business models, enabling them to deliver moments that matter and build competitive advantage. With an established presence in the US, the UK, Mexico, India and the Philippines, Firstsource acts as a trusted growth partner for over 150 leading global brands, including several Fortune 500 and FTSE 100 companies.

Disclaimer

The stock has been picked from the brokerage report of ICICI Direct. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.