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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

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

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

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