Many technical parameters have indicated that Firstsource Solutions Ltd (FSL) could double from current levels of around 120-130 to at least 240 within 1 year. Multiple TA indicators have aligned together, including volume increase between 9May23 to 14Jul23.
It is a medium to long term buying opportunity for upto 100% gains with a Stop Loss (SL) of 112 (15% risk).
Also, FSL is a fundamentally sound company, with current Market Cap of ₹ 9,325 Cr. and: - Dividend payout of 47.5 % (yield of 2.64 %) - P/E 18.3 - Stock Face value - ₹ 10
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This trade / investment call is going as per expectation. Has reached it's midpoint target. On way to it's target of 240 and beyond.. #FSL
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FSL touched 220 few days back. It is on it's way to 240 in few months. Financials remain strong supporting the technicals.