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Firstsource Solutions hits over 9-month low; tanks 44% from 52-week high

In the past two weeks, the stock price of FSL has declined 19 per cent after the company lowered its FY22 revenue growth guidance.

Firstsource Solutions hits over 9-month low; tanks 44% from 52-week high
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SI Reporter Mumbai
Shares of Firstsource Solutions (FSL) continued to reel under pressure hitting an over nine-month low of Rs 135.70, down 4 per cent on the BSE in Wednesday’s intra-day trade in an otherwise firm market.

In comparison, the S&P BSE Sensex was up 0.67 per cent at 58,531 points at 01:52 pm. The stock has corrected 44 per cent from its 52-week high level of Rs 242.65 touched on July 19, 2021.

The company provides business process services to BFSI, communication, media, tech and healthcare. The company generates 70 per cent of its revenues from the US and 29