HomeNewsBusinessStocksHold Firstsource Solutions; target of Rs 127: ICICI Direct

Hold Firstsource Solutions; target of Rs 127: ICICI Direct

ICICI Direct recommended hold rating on Firstsource Solutions with a target price of Rs 127 in its research report dated May 09, 2022.

May 12, 2022 / 16:06 IST
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ICICI Direct's research report on Firstsource Solutions

Firstsource Solutions (FSL) provides business process services to BFSI, communication, media, tech and healthcare. The company generates 70% revenues from the US and 27% from the UK • FSL is a domain driven BPM company, which has 150+ clients, including 17 Fortune 500 companies and nine FTSE 100 companies. The company has 26,557 employees across the US, UK, India and Philippines.

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Outlook

We continue to maintain our HOLD rating. We value FSL at Rs 127 i.e. 14x P/E on FY24E.