FSL looking solid after long consolidation period. FSL CMP: 108.90
Firstsource Solutions Ltd. is a company that provides digital platforms, automations, analytics and they are also into design and advisory. Its CMP 108.9. The negative aspects are that MFs decreased their stake in the firm recently. On the other hand, positives of FSL are that their net cash flow is improving, the company has low debt and foreign institutions are increasing their stake. Entry in the stock can be taken after closing above 109.90. The targets will be 114 and 119.
Long term target in the company will be 128 and 150. The company is coming out of solid consolidation and the stop loss can be maintained at closing below 100.
