12th Jun 2018 | 15:51 PM IST

This Rakesh Jhunjhunwala Stock Doubled Money In 6 Months By Outperforming TCS & Infosys.

We bring your interest to a mid-cap IT stock owned by using the legendary investor Rakesh Jhunjhunwala. Fairly, this mid-cap IT proportion has also outperformed heavy weight industry friends TCS and Infosys within the ultimate six months, as far as the returns are concerned.

India’s stock markets have gone through the roller coaster trip in the last six months with many stocks going up with the breeze inclusive of Merck, Indiabulls Ventures, HEG, Jubilant Foodworks. all the aforementioned stocks have again 60-120% in the corresponding length while the headline indices Sensex and Nifty have grown 5 to 6 percent . While, then again, the benchmark Nifty IT index has advanced approximately 23% using at the again of appreciation in blue-chip stocks of Infosys and TCS.

We bring your interest to a mid-cap IT inventory owned by means of the legendary investor Rakesh Jhunjhunwala. distinctly, this mid-cap IT proportion has also outperformed heavyweight industry peers TCS and Infosys inside the closing six months, as a ways because the returns are concerned.

Share prices of the Mumbai-situated IT provider provider Firstsource solutions have risen more than a 100% inside the last six months and apparently, this stock has vastly outperformed as compared to the returns of TCS and Infosys stocks. The stock of Firstsource solutions has surged 106% to Rs seventy nine.25 from a stock price of Rs 39.four on NSE. within the similar time, inventory returns of TCS and Infosys stood at 31% and 25%, respectively.

According latest statistics available with Bombay stock exchange (BSE) as at 31 March 2018, ace investor Rakesh Jhunjhunwala owns 2 crore equity stocks or 2.91% of Firstsource answers. Notably, India’s second-biggest private area lender ICICI bank additionally holds about 4.78% or 3.28 crore fairness shares of Firstsource answers. Firstsource answers stocks are falls underneath ‘A’ group of BSE and are a thing of S&P BSE 500 and NSE 500 indices. Firstsource solutions commands a market capitalisation of Rs 5,459 crore.

Firstsource solutions is a business process management services firm which gives up facility end to end customer lifecycle management across different industry verticals such as telecom and media, BFSI, healthcare.

 

ABOUT AUTHOR

Niveza Editorial Desk : We are a team of stock market nerds trying to stay ahead of the herd. We spend our grey cells...
FULL BIO

LEAVE A COMMENT

RECOMMENDED READING

RBI’s Surprising Accommodative Stance Halts The Bull Run

Our Analysis The market witnessed three weeks of tug of war between bulls and bears. Finally, Nifty resumed its uptrend and surpassed its previous all-time high of 12103.05. During
Read More>>

5 Best Shares To Buy Today For Short Term

The general rule of thumb is that shares bought for less than one-year holding duration are considered as short-term shares. Here are the best shares to buy today for short term duration of around six months. These top shares can
Read More>>

A Great Show By Bulls, Nifty Heading To 12600

Our Analysis During the week, bulls strongly pushed the frontline indices to the all-time highs. The Nifty 50 and Nifty Bank which were hesitating to breach the respective levels
Read More>>

Share Market News: Today’s Nifty & Sensex Updates

Share Market News
Read More>>

Markets Stepping Back To Gallop 12000 Mark

Our Analysis Once again Nifty breached the 12,000 mark, however, failed to hold on it. The heavyweight Reliance trading at all-time high kept the bullish momentum intact for the
Read More>>