Firstsource Solutions hits 52-week high

Firstsource Solutions gained 3.14% to Rs 41 at 13:47 IST on BSE after the company's wholly owned subsidiary successfully made its fifth quarterly repayment on its outstanding debt.

Meanwhile, the S&P BSE Sensex was up 262.25 points, or 1.04%, to 25,362.17

The announcement was made during market hours today, 30 June 2014.

On BSE, so far 10.67 lakh shares were traded in the counter as against an average daily volume of 11.96 lakh shares in the past one quarter.

The stock hit a 52-week high of Rs 41.45 in intraday trade today, 30 June 2014. The stock hit a low of Rs 39.80 so far during the day. The stock had hit a 52-week low of Rs 9.40 on 28 June 2013.

The stock had outperformed the market over the past one month till 27 June 2014, rising 29.27% compared with 2.24% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 51.43% as against Sensex's 12.99% rise.

The small-cap company has an equity capital of Rs 660.98 crore. Face value per share is Rs 10.

Firstsource Solutions said that Firstsource Group USA, Inc, a wholly owned subsidiary of the company has successfully made its fifth quarterly repayment of $11.25 million on its outstanding debt on 30 June 2014.

On a consolidated basis, Firstsource Solutions' net profit jumped 46.4% to Rs 58.85 crore on 13% increase in net sales to Rs 806.34 crore in Q4 March 2014 over Q4 March 2013.

Firstsource Solutions provides business process outsourcing (BPO) services, offering a wide range of services across banking and financial services, telecommunications & media and healthcare industry.

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