The stock market has seen a huge boom in the last two years. During this, many multibagger stocks have been given to the investors in the stock market in which the investors have earned bumper returns. One such stock is Firstsource Solutions Ltd. which has given investors 468 per cent returns in the last two years. Which makes it a multibagger stock.
Share Price History: Talking about the performance of Firstsource Solutions Limited, a week ago, the share price on NSE was Rs 126.80, which reached Rs 133.80 per share till the close of the market on March 24. During this period, the stock has given a return of about 5.52 percent to the investors. Talking about the last 1 month, the share price was Rs 125.70 per share on 25 February, which has climbed to Rs 133.80 per share on 24 March, thus the stock has given a return of about 6.44 per cent to the investors.
In the last 6 months, there has been a bearish atmosphere in the stock market, which has also affected this stock. On 27 September 2021, the share price was Rs 195.20, which fell to Rs 133.80 on 24 March 2022. During this period, investors in the stock suffered a loss of about 31 percent. The stock has given a return of 21.8 per cent to the investors in the last one year. Two years ago, the share price was Rs 27.45 on 27 March 2020, which climbed to Rs 133.80 on 24 March 2022. During this period, the stock gave a return of about 368 percent to the investors.
Calculations on Investments: If an investor had invested Rs 1 lakh in this stock 2 years ago, then today his investment would have been Rs 4.68 lakh. If an investor had invested one lakh rupees in this stock 1 year ago, then his investment would have been 1.2 lakh rupees. If an investor had invested one lakh rupees 6 months ago, then his amount would have been 70 thousand.
Company Profile: Firstsource Solutions Ltd. is a mid cap company. The market cap of this company is about 9 thousand crores. The company works in the technology sector. According to the company’s official website, there was a profit of 135 crores in the December quarter.