FirstSource Solutions Zooms

Shares of back-office firm Firstsource Solutions surged 23.19% to Rs 48.60 at 15:26 IST on BSE, boosted by fall in rupee against the dollar.

Meanwhile, the BSE was up 30.54 points, or 0.21%, at 14483.79.

On BSE, 85.31 lakh shares were traded in the counter. The scrip had an average daily volume of 2.29 lakh shares in the past one quarter.

The stock hit a high of Rs 49.20 and a low of Rs 38.95 so far during the day. The stock had a 52-week high of Rs 89.80 on 3 January 2008 and a 52-week low of Rs 28.80 on 2 July 2008.

Firstsource Solutions was added for trading in futures & options segment of the National Stock Exchange (NSE) from 21 August 2008.

The scrip had outperformed the market over the past one month till 25 August 2008, rising 18.11% compared to the Sensex’s 1.23% gain. It had also outperformed the market in the past one quarter, falling 5.73% compared to Sensex’s 13.21% fall.

The mid-cap business process outsourcing services provider has an equity capital of Rs 428.02 crore. Face value per share is Rs 10.

The Indian rupee fell to 17-month lows on Tuesday, 26 August 2008 and weakened beyond 44 per dollar, weighed down by weak Asian indices and greater demand for the US dollar from oil importers. Firstsource Solutions derives close to 62% cent of its revenues from North America and about 28% from the UK.

Firstsource Solutions reported a net loss of Rs 58.22 crore in Q1 June 2008 as against net profit of Rs 8.33 crore in Q4 March 2008. Sales rose 0.05% to Rs 134.93 crore in Q1 June 2008 over Q4 March 2008.

Firstsource Solutions provides business process outsourcing services. The company provides services globally to companies in the banking, financial services, and insurance industrie