FSL NSI Week ended 31 Jul 2026

Weekly Investor Report

Firstsource Solutions Limited · Technology · Information Technology Services

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Latest close 302.1 INR
19.1% latest week
Weekly setup

Mixed setup

The weekly trend is not active. Price is 19.5% above the Trend Line and sits at 58.5% of its 52-week range. The latest completed week returned 19.1%, after a 25.7% four-week move. The latest factor snapshot indicates quality ranks strongly versus its universe; growth is moderate; valuation is neither clearly cheap nor expensive. The latest news-sentiment score is 50/100.

Setup score 57 out of 100
Latest Close 302.1 INR 31 Jul 2026
1W Return 19.1% latest completed week
4W Return 25.7% short-term follow-through
12W Return 10.2% quarterly tape
Trend Breadth 13.5% 7 of 52 weeks active
Volume Ratio 3.1x vs 13-week average
What is working
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Price is above Fair Value, showing premium demand versus the model.
  • Activity pressure is positive on the latest completed week.
  • Volume is elevated versus the 13-week average, confirming attention.
What could go wrong
  • The trend backdrop is inactive, so price action has not confirmed a constructive regime.
  • Activity pressure is weak, so confirmation is not yet broad enough.
  • Recent volatility is running well above the one-year baseline.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through 19.1% Latest completed week; four-week move 25.7%. Indicator stack 7/76 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. News sentiment 50/100 31 relevant articles in the latest sentiment read.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is not active. Price is 19.5% above the Trend Line and sits at 58.5% of its 52-week range. The latest completed week returned 19.1%, after a 25.7% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 3.1x the 13-week average. Participation is unusually strong and confirms that the move is attracting attention.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul 31 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.3112-week average 0.22

12-week confirmation

Trend active0/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure12/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership1/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.31Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers

No recent accumulation markers. No reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is 25.7% over four weeks, 10.2% over 12 weeks, and -8.9% over one year. The current trend has remained active for 0 consecutive weeks.

Performance by holding period

1W19.1%
4W25.7%
12W10.2%
26W-3.5%
52W-8.9%
Active trend streak0 weeks
Active weeks in one year7
Trend breadth13.5%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure0.93Latest activity-pressure read.
Pressure change120.1%Four-week change in activity pressure.
Leadership5.95Latest relative-leadership reading.
RS change135.7%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality ranks strongly versus its universe; growth is moderate; valuation is neither clearly cheap nor expensive.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 31 Mar 2026 Field coverage 94% Model confidence 90%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength79/100Blend of value, momentum, and quality. Underlying universe rank 22; rank 1 is best.
Value69/100Relative valuation strength. Underlying universe rank 32; rank 1 is best.
Quality93/100Profitability and accounting quality. Underlying universe rank 8; rank 1 is best.
Momentum20/100Medium-term price momentum. Underlying universe rank 81; rank 1 is best.
Growth73/100Revenue and earnings growth. Underlying universe rank 28; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Value-quality framework73/100Value and quality alignment from the Sharemaestro SVQF framework.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
26.7x
Price divided by trailing earnings.
Price / sales
1.8x
Market value relative to trailing revenue.
EV / EBITDA
14.3x
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
5.0%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
41.1%
Gross profit retained from each unit of revenue.
Operating margin
11.6%
Operating profit retained from revenue.
Free-cash-flow margin
10.8%
Free cash flow generated from revenue.
Return on invested capital
11.3%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
20.6%
Latest one-year revenue growth.
EPS growth
13.1%
Latest one-year earnings-per-share growth.
Free-cash-flow growth
121.4%
Latest one-year free-cash-flow growth.
Piotroski F-score
6/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
2.2%
Cash dividends relative to market value.
Buyback yield
0.3%
Net share repurchases relative to market value.
Shareholder yield
2.5%
Dividend yield plus net buyback yield.
Net debt / EBITDA
2.0x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Insider activity-

No recent insider transactions are stored for this company.

News sentiment50/100

Weighted news tone is neutral across 31 relevant articles.

6 positive · 21 neutral · 4 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-19.1%Distance below the 52-week high.
13-week volatility10.9%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher12 of 2614 weeks finished lower.
Best week+28.2%Week of 8 May.
Worst week-13.4%Week of 15 May.
Latest week+19.1%Week of 31 Jul.

Shape of recent returns

Strong gains5
Modest gains7
Flat weeks0
Modest losses7
Sharp losses7
Recent vol10.9%13-week weekly-return volatility.
Base vol7.4%52-week weekly-return volatility.
Up/down split23/29Count of positive and negative weeks in the 52-week window.
Average skew5.9% / -4.6%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape49/100

Trend, activity pressure, participation, and risk combine to a 49/100 tape read.

 Indicator analysis37/100

Latest 12-week confirmation: trend 0/12, activity pressure 12/12, relative leadership 1/12.

Activity pressure 0.31; No reversal markers Factors67/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 3; Small Cap Core rank 37 SVQF73/100

Value and quality alignment from the Sharemaestro SVQF framework.

Composite rank 434.5 of 1590 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Sentiment50/100

Weighted news tone is neutral across 31 relevant articles.

Firstsource Solutions reports inadvertent trading violation by CFO Insiders50/100

No recent insider transaction evidence is stored.

 Earnings50/100

No stored earnings event is currently attached to this ticker.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
31 Jul 2026302.1 INR19.1%252.8 INR270.6 INR0.935.9566.6MOff
24 Jul 2026253.6 INR-4.8%253.9 INR269.6 INR0.54-8.933.2MOff
17 Jul 2026266.4 INR2.6%256.6 INR268.8 INR0.54-6.979.1MOff
10 Jul 2026259.7 INR8.1%259.0 INR267.9 INR0.46-9.258.3MOff
3 Jul 2026240.3 INR-1.3%261.5 INR267.1 INR0.42-16.669.0MOff
26 Jun 2026243.4 INR-0.5%264.8 INR266.3 INR0.50-15.420Off
19 Jun 2026244.7 INR-1.2%267.9 INR265.5 INR0.59-15.451.6MOff
12 Jun 2026247.6 INR-7.6%271.5 INR264.7 INR0.70-13.66875.7KOff
5 Jun 2026268.0 INR2.0%275.1 INR263.9 INR0.71-6.191.3MOff
29 May 2026262.7 INR-2.2%277.3 INR263.0 INR0.82-9.1914.4MOff
22 May 2026268.6 INR13.0%280.0 INR262.1 INR0.53-8.3420.7MOff
15 May 2026237.6 INR-13.4%281.7 INR261.2 INR0.16-19.1527.3MOff
8 May 2026274.3 INR28.2%284.5 INR260.5 INR0.04-9.35118.6MOff
1 May 2026213.9 INR2.2%286.2 INR259.5 INR-0.50-28.976.4MOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.