Exit Firstsource Solutions on rally: Manas Jaiswal

Exit Firstsource Solutions on rally, says Manas Jaiswal, Technical Analyst of Emkay Global.

Jaiswal told CNBC-Awaaz, "Investors should exit Firstsource Solutions on rally. The stock is looking weak on chart. There is strong indication of downside; we can see level of Rs 4-5 in the stock in future. If it touches Rs 10-11 in coming days then one should exit at that level."
The company's trailing 12-month (TTM) EPS was at Rs 1.09 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 7.45. The latest book value of the company is Rs 21.42 per share. At current value, the price-to-book value of the company was 0.38.