Firstsource Solutions Faces Consecutive Losses Amid Broader BPO/ITeS Sector Decline

Jan 22 2025 09:50 AM IST
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Firstsource Solutions, a prominent player in the BPO/ITeS sector, experienced a decline on January 22, 2025, marking a challenging period with consecutive losses totaling 9.8%. Despite these setbacks, the company remains above its longer-term moving averages, while the broader sector also faced a downturn.
Firstsource Solutions, a key player in the BPO/ITeS sector, faced a decline of 3.08% on January 22, 2025, underperforming the sector by 1.45%. This marks a challenging period for the company, as it has experienced consecutive losses over the last two days, totaling a drop of 9.8%. The stock reached an intraday low of Rs 350, reflecting a decrease of 3.26%.

Despite these recent setbacks, Firstsource Solutions remains above its 100-day and 200-day moving averages, although it is currently below its 5-day, 20-day, and 50-day moving averages. The broader BPO/ITeS sector also faced a downturn, falling by 2.21%. In comparison to the Sensex, which recorded a slight gain of 0.26%, Firstsource Solutions' one-day performance was down by 2.82%. Over the past month, the company has seen a decline of 1.55%, while the Sensex experienced a slightly larger drop of 2.57%.
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