Firstsource Solutions gains as its arm plans to open new center in Louisville

Firstsource Solutions is currently trading at Rs. 30.00, up by 0.05 points or 0.17% from its previous closing of Rs. 29.95 on the BSE. The scrip opened at Rs. 30.15 and has touched a high and low of Rs. 30.15 and Rs. 29.75 respectively. So far 13,000 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 34.40 on 30-Apr-2014 and a 52 week low of Rs. 9.40 on 28-Jun-2013. Last one week high and low of the scrip stood at Rs. 33.40 and Rs. 28.00 respectively. The current market cap of the company is Rs. 1979.00 crore. The promoters holding in the company stood at 56.69% while Institutions and Non-Institutions held 9.93% and 33.39% respectively. Firstsource Solutions’ USA arm will be opening a new call center in Louisville. The project, which will provide management solutions to telecommunications and media companies, will result in more than 300 full-time jobs and a $1.2 million investment. It will operate inside a 44,000-square-foot facility on Commerce Crossing Drive in southern Jefferson County. The center will enhance and strengthen the company’s nationwide customer management services. Hiring will begin in the next few months. The company has two existing operations in Louisville. Firstsource has a significant presence in North America with more than a dozen sites and 3,500 employees. The company caters to clients in the health care, telecom and media, banking, financial and insurance industries by offering services in the customer management, collections, data and transaction processing.