Why are midcap IT stocks rising today: Persistent Systems share price soared 8 per cent to Rs 6,163.45 per share after the company reported broad-based growth across geographies and segments.
Coforge will absorb Cigniti and as per the announced swap ratio, Cigniti's shareholders will receive one equity share of Coforge for every five shares of Cigniti held by them
The stock of Coforge is trading at its lowest level since June 2023. With today's decline, it corrected 34 per cent from its 52-week high of Rs 6,840 touched on February 19, 2024
He was previously associated with Infosys and iGate in leadership roles