Thursday, December 10, 2009

FIRST SOURCE SOLUTIONS TRADING MOVE ABOVE 34 EXPECTED

sir,
i have shares of firstsolution
so i want your suggestion on this stock as for long term view 6 month to 1 year.
ask by shri ashish chauhan

1. Icici bank is promoters of first source solutions limited and icici bank hold 24.77 percent stake in FSL ltd. The promoters holding is quite low than normal.
2. But 45.88 percent share of FSL hold by foreign corporate bodies name Aranda Investments Mauritius Pte Ltd, Metavante Investments Mautitius Ltd and Seacrest Investment Ltd so I think this is a good sign for a trading run in upcoming bull market.
3. Fsl have net profit of 382.87 million in June 09and 292.44 in sept 09 in first half year EPS of company is 1.57 means good if we compare last year EPS of 2.02.

4. First source debt/equity ratio on March 09 is 1.42 normal debt company.
5. this company share IPO price is 64 so I expected that if a speculation made in FSL share go for more then 64 and I think near about 80 is some resistance.
6. rumors also say that company plan to listed his share in international markets.

7.EPS (TTM) of FSL is 2.02 and P/E is 18.19 Book Value of this share is 22.02 overall my view is possitive for 1 year.

This analysis is my view only not a professional advice read disclaimer before take any action.

Pending analysis (share queries in queue to publish this blog):- Deccan gold mines. information about various index like benkex etc, alok textile, difference between small cap, mid cap or large cap, jp hydro power.
Want to add your share in queue for analysis? - mail your complete question to mckaushik00@yahoo.co.in we also welcome your suggestion about increase quality of this blog.

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