Stock market analysts have maintained 'buy' rating on Firstsource Solutions Ltd with an intraday target above Rs 31.

According to them, interested traders can purchase the stock around Rs 29-30 with a strict stop loss of Rs 28. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 33.

Shares of the company, on Tuesday (Oct 28), closed at Rs 31.15 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 2.30 and 13.24 respectively. The share price has seen a 52-week high of Rs 37.80 and a low of Rs 9.50 on BSE.

First Source Solutions, India`s leading BPO companies has declared its consolidated financial results for the three month period ended September 2009.

The company recorded a net profit of Rs 151.38 million as against Rs 282.73 million during the corresponding period of the last year.

The company declared an increase of 15% in its revenue, which stood at Rs 4,887 million.

The company's operating EBIT remained up marginally after posting a 4% increase to Rs 488 million in the quarter ended September 2009.

Net sales during the quarter surged 17.8% y-o-y to Rs 1,629.4 million.

Firstsource Solutions has been a major investor in United Kingdom during the last three years and with two operations centres now hires more than 1,300 people in Belfast and Londonderry.

This attainment has won Firstsource the UK Trade and Investment`s (UKTI) Investor of the Year award in the UK-India Business Awards.