NSE saw Volumes of 32.7 million shares and BSE of 19 million shares as Firstsource Solutions climbed smartly 23 % to Rs 21 + today even as Indices corrected 1.7 %
I’ve covered in detail FSL in earlier blogs on January 30,2009… https://www.gauravblog.com/?p=471 saying it presented a buying opportunity at Rs 9/10 and if Dollar fell to Rs 42 the price would rise to Rs 25+.The Dollar is down only to Rs 47.50 and FSL is up strongly
On February 5,2009 I commented on their Q 3 results https://www.gauravblog.com/?p=485 and suggested some financial restructuring to reduce FCCB $ Exposure
The rising price and Exceptional Volumes tell us something strong is brewing….