Firstsource Solutions gained more than 4 percent intraday on April 8 after billionaire investor Rakesh Jhunjhunwala increased his stake in the company from 2.89 percent to 3.26 percent.
According to a report in The Economic Times, Jhunjhunwala increased his stake after the stock of the business process outsourcing services provider was available cheaper in terms of valuations after a correction of 50 percent between September 2018 and February 2019.
The share touched its 52-week high of Rs 83.85 and 52-week low of Rs 39.25 on 13 June 2018 and 21 February 2019, respectively.
At 0942 hours, Firstsource Solutions was quoting at Rs 50.70, up 4.63 percent on the BSE.Source:https://www.moneycontrol.com/news/business/stocks/firstsource-solutions-gains-4-after-rakesh-jhunjhunwala-increases-stake-3788481.html
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