Indian Cos Invested 15 Pct Less In Foreign Ventures In May
BANGALORE: Direct investments by Indian companies in foreign ventures fell 15.2 percent to USD 1.51 billion from USD 1.78 billion in the same month last year.
The investments, which came in at USD 2.23 billion, were a mix of issuance of guarantees (USD 1.06 billion), loan (USD 235.13 million) and equity (USD 219.56 million), RBI data showed.
Among major Indian companies that invested abroad are Firstsource Solutions (USD 176.75 million), Wipro (USD 138.67 million) and Godrej Consumer Products (USD 132.89 million).
The corresponding figure for Piramal Enterprises stood at USD 54.85 million, while for Sterling and Wilson Pvt and Cairn India , it was USD 49.62 million and USD 41.7 million, respectively.
Firstsource Sol stock price
On June 12, 2015, at 15:30 hrs Firstsource Solutions was quoting at Rs 29.00, up Rs 0.10, or 0.35 percent. The 52-week high of the share was Rs 44.30 and the 52-week low was Rs 27.10.
The company's trailing 12-month (TTM) EPS was at Rs 2.50 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 11.6. The latest book value of the company is Rs 20.81 per share. At current value, the price-to-book value of the company is 1.39.
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