Firstsource Solutions up 10% as Rakesh Jhunjhunwala increases stake in Q1

Shares of Firstsource Solutions (FSL) moved higher by 10 per cent to Rs 44.50 in the intra-day trade on the BSE on Friday on the back of heavy volumes after ace investor Rakesh Jhunjhunwala bought an additional nearly 6 million shares of the company in April-June quarter. After reducing stake in the previous three consecutive quarters, Rakesh Jhunjhunwala increased his stake in the company to nearly 3 percentage points.

Rakesh Jhunjhunwala has acquired an additional 5.7 million shares, representing 0.82 per cent stake of FSL, during the recently concluded quarter, according to June quarter shareholding pattern disclosed by the company on