Rakesh Jhunjhunwala hikes stake in this BPO firm, shares rally

Shares of Firstsource Solutions advanced over 4 per cent in Friday’s early trade after ace stock picker Rakesh Jhunjhunwala increased stake in the company to 2.88 per cent during the April-June quarter.

Latest shareholding data showed that Jhunjhunwala bought an additional 57 lakh shares in the company during the quarter ended June 30, taking the total number of shares to 2 crore. Earlier, he had a 2.06 per cent stake in the company as of March 31.