Buy Firstsource; target of Rs 50: Dynamic Levels

Firstsource Limited is a leading business process management company providing customer-centric business process services. Their network of delivery encompasses India, the Philippines, Sri Lanka, the UK and US. The Company serves organizations involved in Banking and Financial Services, Insurance, Healthcare, Telecommunications & Media and Publishing sectors. First Source assimilated best-of-breed processes, developed intellectual Property, adopted cutting edge technology, ensured on time delivery and invested in quality services to confirm maximum customer satisfaction. In process they help their clients to reduce operational costs, record process improvements and more importantly, focus on their core competence. It is 7th among top 10 ‘BPO companies 2014’ by NASSCOM.

 

We initiate coverage on FSL Ltd as a BUY @40.5 with a target of Rs 50 representing a potential upside of 25% from the buy price. FSL is trading at a PE of 11.8.For all recommendations, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.