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.

 

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