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Hold Firstsource Solutions; target of Rs 180: ICICI Direct

ICICI Direct recommended hold rating on Firstsource Solutions with a target price of Rs 180 in its research report dated November 25, 2021.

November 25, 2021 / 12:10 PM 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 49% revenues from BFSI while healthcare and communication form 30% and 20%, respectively • FSL has witnessed healthy revenue improvement (up 19% YoY in FY21).


We maintain HOLD rating. We value FSL at Rs 180 i.e. 19x P/E on FY23E EPS.


For all recommendations report, click here

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Broker Research
first published: Nov 25, 2021 12:10 pm
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