Technical analyst Anil Singhvi has maintained 'buy' rating on Firstsource Solutions Limited stock with an intra-day target of Rs 27.

According to analyst, the investors can purchase the stock with a stop loss of Rs 24.

The stock of the company, on December 30, closed at Rs 24.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 37.95 and a low of Rs 19.40 on BSE.

Current EPS & P/E ratio stood at 3.12 and 8.00 respectively.

Firstsource Solutions Ltd has inked a 3-year outsourcing affiliation with Genband, a supplier of IP infrastructure and service solutions, to offer up customer service and associated actions starting January 2011.

According to the deal, business process outsourcing (BPO) provider will offer up Genband and its clients with a set of services comprising, but not limited to: technical back up, emergency revival, installation technical aid hub, return and repair, managed spares, installation service center, software migration service and support, sales backing, client training, exception management, remote account administration and contract management.

Firstsource Solutions registered a significant growth of 40.02% in its standalone net profit for the three month period ended September 2010.

The profit of the company for the said period remained at Rs 211.96 million as against Rs 151.38 million during the corresponding quarter last year.

Net sales for the three month period ended September 2010 grew by 7.04% to Rs 1,753.54 million, whereas total income during the period increased 7.84% to Rs 1,786.22 million.

The company recorded an EPS of Rs 0.49 during the quarter.