Aban Offshore Ltd Intraday Buy Call

Aban Offshore Ltd Intraday Buy CallStock market analysts have maintained 'buy' rating on Firstsource Solutions Ltd with an intraday target above Rs 1435.

According to them, interested traders can purchase the stock above Rs 1420 with a strict stop loss of Rs 1390. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 1460.

Shares of the company, on Wednesday (Oct 28), closed at Rs 1388.05 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 71.29 and 19.23 respectively. The share price has seen a 52-week high of Rs 1679.50 and a low of Rs 224.10 on BSE.

Aban Offshore, an Indo-US firm, announced that its consolidated net profit for the quarter ended Sept 30, 2009 dropped 73.32% to Rs 714.49 million as against Rs 2,678.27 million for the quarter ended Sept 30, 2008.

The company's total income dropped 27.86% to Rs 7,099.60 million as compared to Rs 9,841.28 million during the corresponding period of the last year.

The company recorded earnings of Rs 18.91 per share recording fall of 73.31% as against same quarter in the previous year.