New Delhi. Shares of BPO sector company Firstsource Solutions Limited have given investors a return of 578 percent in the last five years. This multi-bagger stock, which closed at Rs 47.1 on September 27, 2019, closed at Rs 319.30 in the current session. In comparison, the Sensex has risen 120.42 percent in five years. On Friday, the stock of Business Process Management (BPM) Services closed 3.11 percent down at Rs 319.30 on the BSE, while the previous close price was Rs 329.55. The market cap of the firm declined to Rs 22,254 crore.

At this level, the stock is down 7.40 percent from its record high of Rs 344.60 reached on September 25 this year. A total of 3.84 lakh shares were traded on the BSE, generating a turnover of Rs 12.54 crore. Firstsource Solutions stock hit a 52-week low of Rs 148.40 on October 26, 2023. In one year, the stock has given a return of 94% and is up 72.41% this year. Technically, the RSI of Firstsource Solutions is at 58.6, which indicates that it is neither in the overbought nor in the oversold zone. Firstsource Solutions shares are trading below 5 days but above 10 days, 20 days, 30 days, 50 days, 100 days, 150 days, and 200-day moving averages.

In moving average, you take the data of every day for a fixed period and then divide it by that many days. The number that comes in this calculation is the simple moving average of that many days. For example, the 5-day data of a stock is as follows - 5, 10, 15, 20, 25. Adding these numbers will give 75. Dividing it by 5 will give the number 15, which will be the 5-day moving average of this stock.

Shiju Kuthupalakkal, technical research analyst at Prabhudas Lilladher, said, “The stock has been in strong trending mode and after a slight decline recently, it is again seen moving towards the previous peak of Rs 344. The brokerage says that the next upside target can be up to Rs 368 and Rs 394 levels in the coming days. According to the firm, it can remain strong at around Rs 327 in the near term. Amey Ranadive of Stocksbox said that from a technical point of view, the key indicators are showing the increasing strength of the stock. He says that if the stock goes above 340, a good buying phase can be seen in it.