Buy Firstsource Solutions, target Rs 80: Kunal Bothra

Independent Analyst Kunal Bothra has a buy call on Firstsource Solutions Ltd. with a target price of Rs 80. The current market price of Firstsource Solutions Ltd. is Rs 74.3 Time period given by analyst is Intra Day when Firstsource Solutions Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 72 .

Firstsource Solutions Ltd., incorporated in 2001, is a midcap company with a market cap of Rs 5115.57 crore. Firstsource Solutions Ltd. key Products/Revenue Segments include I T Enabled Services which contributed Rs 840.86 Crore to Sales Value (89.44 % of Total Sales) and Other Operating Revenue which contributed Rs 99.20 Crore to Sales Value (10.55 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 871.32 Crore, up .95 % from last quarter Sales of Rs 863.14 Crore and up .80 % from last year same quarter Sales of Rs 864.37 Crore Company has reported net profit after tax of Rs 92.87 Crore in latest quarter. The company’s top management includes Mr.Charles Miller Smith, Mr.Donald W Layden Jr, Mr.Pradip Kumar Khaitan, Mr.Pradip Roy, Mr.Rajesh Subramaniam, Mr.Sanjiv Goenka, Mr.Shashwat Goenka, Mr.Subrata Talukdar, Mr.V K Sharma, Mr.Y H Malegam, Ms.Grace Koshie. Company has BSR & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 688,502,477 shares outstanding.