17-09-2024 10:30 AM | Source: Accord Fintech
Firstsource Solutions surges on collaborating with Microsoft

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Firstsource Solutions is currently trading at Rs. 314.00, up by 6.65 points or 2.16% from its previous closing of Rs. 307.35 on the BSE.

The scrip opened at Rs. 317.55 and has touched a high and low of Rs. 318.00 and Rs. 312.05 respectively. So far 70264 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 343.85 on 20-Aug-2024 and a 52 week low of Rs. 148.40 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 333.45 and Rs. 301.65 respectively. The current market cap of the company is Rs. 21690.65 crore.

The promoters holding in the company stood at 53.66%, while Institutions and Non-Institutions held 28.88% and 17.47% respectively.

Firstsource Solutions has collaborated with Microsoft to deliver cutting-edge digital transformation services to clients worldwide. Using the power of Microsoft Azure OpenAI Service, Firstsource aims to enhance its service offerings, driving innovation and efficiency across various industries.

Under this new initiative, Firstsource will utilize Azure OpenAI Service, Azure AI Search, and Azure AI Language to provide generative AI powered solutions and business platforms that unlock the full potential of enterprise data. These solutions will offer a multi-modal, multi-channel search experience, significantly improving effectiveness and personalization for businesses. 

This collaboration follows the launch of Firstsource relAI, an AI-focused digital transformation suite of platforms, solutions, and offerings, reinforcing Firstsource’s commitment to driving deep-tech transformations. Firstsource’s clients can expect to benefit from more efficient operations, improved decision-making, and personalized experiences by leveraging natural language processing, large language models, and advanced retrieval and search technology. 

Firstsource Solutions is a global provider of business process management services.