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Coforge Ltd rises for third consecutive session

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Capital Market

Coforge Ltd is quoting at Rs 2543, up 2.65% on the day as on 12:49 IST on the NSE. The stock is up 76.87% in last one year as compared to a 13.71% spurt in NIFTY and a 52.66% spurt in the Nifty IT index.

Coforge Ltd gained for a third straight session today. The stock is quoting at Rs 2543, up 2.65% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.67% on the day, quoting at 13482.6. The Sensex is at 45907.63, up 0.66%. Coforge Ltd has risen around 14.35% in last one month.

 

Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has risen around 8.77% in last one month and is currently quoting at 22617.35, up 0.88% on the day. The volume in the stock stood at 4.97 lakh shares today, compared to the daily average of 4.56 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 2569.6, up 3.09% on the day. Coforge Ltd is up 76.87% in last one year as compared to a 13.71% spurt in NIFTY and a 52.66% spurt in the Nifty IT index.

The PE of the stock is 36.96 based on TTM earnings ending September 20.

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First Published: Dec 09 2020 | 1:05 PM IST

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