Renowned investor Rakesh Jhunjhunwala has increased his stake in FirstSource Solutions (FSL), a business process outsourcer. During the March quarter, their share has increased from 2.89 per cent to 3.26 per cent.
During the period from September 2018 to February 2019, this stock fell by almost 50 percent. Because of this, its valuation became quite attractive. Jhunjhunwala has increased its stake in this company.
Most analysts analyzing this stock have confidence in this. He believes that while being better in terms of valuation, this stock also comes out on the front of dividend and cash flows. He believes that the valuation of this stock should be better.
SBICAP Securities analyst Deepesh Mehta said, "We believe in the real valuation of this stock. Despite strong problems in the implementation process, the strong cash flows and the 3.3% dividend yields believe in this company."
For six months and one year, the shares of FSL have dropped 20% and 15% respectively due to soft revenues. In FY 19, FSL has reduced the revenue growth forecast to 7 to 9 percent. But the company is expected to grow 3 to 4 per cent in the quarter-to-quarter.
Anand Rathi analyst Mohit Jain said, "We expect the company to give dividend in a better proportion in the next two years, the figure can reach 52 per cent or Rs 2.5 per share by the end of the year 20. FSL also emphasizes the direction of acquisition May be. "
Technical analysts say that this stock can move in the direction of 58 rupees from the price of Rs. 48.55. Jhunjhunwala has increased its stake in this company after the fall of 50 percent.
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During the period from September 2018 to February 2019, this stock fell by almost 50 percent. Because of this, its valuation became quite attractive. Jhunjhunwala has increased its stake in this company.
Most analysts analyzing this stock have confidence in this. He believes that while being better in terms of valuation, this stock also comes out on the front of dividend and cash flows. He believes that the valuation of this stock should be better.
SBICAP Securities analyst Deepesh Mehta said, "We believe in the real valuation of this stock. Despite strong problems in the implementation process, the strong cash flows and the 3.3% dividend yields believe in this company."
For six months and one year, the shares of FSL have dropped 20% and 15% respectively due to soft revenues. In FY 19, FSL has reduced the revenue growth forecast to 7 to 9 percent. But the company is expected to grow 3 to 4 per cent in the quarter-to-quarter.
Anand Rathi analyst Mohit Jain said, "We expect the company to give dividend in a better proportion in the next two years, the figure can reach 52 per cent or Rs 2.5 per share by the end of the year 20. FSL also emphasizes the direction of acquisition May be. "
Technical analysts say that this stock can move in the direction of 58 rupees from the price of Rs. 48.55. Jhunjhunwala has increased its stake in this company after the fall of 50 percent.
For regular updates of the stock market in Hindi, please click on our Facebook page. Click here to like this page.
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Thanks for sharing valuable information.
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