Firstsource Solutions' Stock Sees Slight Dip, But Remains Strong in BPO/ITeS Industry

Firstsource Solutions, a leading BPO/ITeS company, has recently faced a slight dip in its stock performance. On September 11, 2024, the company's stock saw a decline of -3.2%. However, this should not be a cause for concern as the overall trend for Firstsource Solutions has been positive.

According to MarketsMOJO, a leading stock analysis platform, the stock call for Firstsource Solutions is 'Buy'. This indicates that the company's stock is expected to perform well in the future.

Taking a closer look at the price summary, we can see that Firstsource Solutions has underperformed the sector by -2.07% on the day of the decline. The stock also touched an intraday low of Rs 317.5, which is a decrease of -3.35%.

Despite this recent dip, Firstsource Solutions is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates that the company's stock is still performing well in the market.

In comparison to the overall market performance, Firstsource Solutions has seen a -2.72% decline in the past day, while the Sensex has only seen a -0.58% decline. However, over the past month, Firstsource Solutions has outperformed the Sensex with a 12.46% increase compared to the Sensex's 2.19% increase.

Overall, Firstsource Solutions remains a strong player in the BPO/ITeS industry with a largecap size. Investors can continue to have confidence in the company's stock, as indicated by the 'Buy' call from MarketsMOJO.