Emkay Global Places "Buy" On Midcap IT Stock, Soon To Trade Ex-Dividend, Gained 194.73% in 5 Yrs

Emkay Global has assigned a "Buy" on the stock of Firstsource Solutions Ltd. (FSOL) with a target price of Rs 130/share, implying an 11% upside. The stock in its Board Meeting held on February 2023, has declared an Interim Dividend for the FY23. It is a Midcap IT Sector stock with a market capitalisation of Rs 8,186.16 Crore. Below are details:

Firstsource Solutions Ltd. Stock Performance & Dividend History

The share price of FSOL is Rs 117.45/share on NSE. It gained 1.03% as compared to its previous close. The stock gained 9.66% in a week and 16% in 1 month, respectively. In 1 year, it fell 23.19%. In 3 years it gained 175.38%. In 5 years it gained 194.73%.

The stock recorded its 52 week high on 3 February 2022 at Rs 167/share and 52 week low on 20 June 2022 at Rs 93/share, respectively. The stock has declared 6 Dividends since June 2018. Among these 6 Dividends, 4 are Interim Dividends and 2 are Final Dividends.

Firstsource Solutions Ltd. Dividend

According to the regulatory filing by Board Of Directors of the Firstsource Solutions Ltd. on 2nd February 2023, "Further to our letter dated 27th January 2023, we write to inform you that the Board of Directors of the Company at their meeting held today have declared an Interim Dividend for the financial year ending 31st March 2023 @ Rs. 3.50 per share (35%) on the paid up capital of the Company. The record date for the purpose of determining the members eligible to receive the said interim dividend has been fixed as Friday, 17th February 2023."

Emkay Global suggests "Buy" the stock of Firstsource Solutions Ltd.

The brokerage said, "We have largely retained FY24-25E EPS estimates, while we have increased our FY23E EPS estimates by 15%, factoring in Q3 performance. We expect the stock to gradually recover as investors gain confidence in a sustainable recovery in sequential revenue growth and margin. We maintain our BUY recommendation with a TP of Rs130 (earlier Rs125) at 13x Dec-24E EPS."

Disclaimer

The stock has been picked from the brokerage report of Emkay Global. 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 consult with certified experts before making any investment decision.