Tulsian told CNBC-TV18, "If you take the call on Firstsource Solutions for the last couple of years we have hearing that ICICI Bank is looking to exit from the company, but nothing has really happened. The stock has corrected from Rs 25 to Rs 5, so sometimes I wonder whether there is any meaning because if you really go by the business model, I don't see any problem, it's one of the largest BPO catering to the telecommunication and all sort of things, but I am unable to understand the kind of negative, which has been building above."
He further added, "There always have been concerns of the high debts in the books of the company and the lack of growth, which has not been not been posted by the company for the last maybe 4 or 6 quarters and especially the exit when the CEO, Ananda Mukerji exited from the company since then the share has been dwindling, but maybe if somebody can take a view for couple of years probably this could be a good buy. I don't think that business model has really taken any beating. This is just a matter of- the way it has corrected from Rs 25 to Rs 5 or Rs 6 maybe in the next couple of years can move back to Rs 12 as well."
