India's Firstsource Solutions rises after unit acquires Ascensos

Firstsource Solutions

24/09/2024 05:39

** Shares of business support services provider Firstsource
Solutions  FISO.NS  rise 6.2% to 334 rupees
    ** Stock rises after unit acquires Ascensos, a
UK-headquartered customer experience outsourcing partner, for a
deal at 42 mln pounds ($56.07 mln)
    ** Firstsource stock on track for fourth straight session of
gains, if trend holds 
    ** Avg rating of 10 analysts covering Firstsource's stock at
"buy" while rival CMS Info Systems  CMSN.NS  also rated "buy"
    ** Median PT for FISO at 315 rupees - LSEG data
    ** Stock up ~80% so far this year vs a ~50% jump in CMSN

   ($1 = 0.7491 pounds)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))