Firstsource Solutions bucks trend after HDFC MF raises stake

Firstsource Solutions rose 1.90% to Rs 40.15 after HDFC mutual fund raised its stake in the company to 7.03% from 5.03% earlier.

HDFC mutual fund increased its stake in Firstsource Solutions by 2.006% as on 6 March 2020. As on 6 March 2020, the aggregate holding of the schemes of HDFC mutual fund in the company is 7.032%.

Shares of Firstsource Solutions fell 6.63% in the past four trading sessions to settle at Rs 39.40 on Monday, 9 March 2020, from its close of Rs 42.20 on 3 March 2020.

Firstsource Solutions' consolidated net profit fell 8.8% to Rs 89.54 crore on a 7.4% increase in net sales to Rs 1,044.58 crore in Q3 December 2019 over Q3 December 2018.

Firstsource Solutions is a provider of a range of business process management services across the customer life cycle delivered through transaction processing. The firm's segments include banking, financial services and insurance and non-banking, financial services and insurance. Its geographic segments include USA and Canada, UK, India and overseas.

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