ICICI Direct has given Hold recommendation for Firstsource Solutions with a target price of Rs. 162 in its research report issued on Feb 07, 2022

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 29% 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 27,398 employees across the US, UK, India and Philippines


We continue to maintain HOLD rating We value FSL at Rs 162 i.e. 16x P/E on FY24E..

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