Page 4 - Coforge

Dividend, stock-split: Coforge, Softsol, 4 others under spotlight today

Here is the full list of stocks that will trade ex-date tomorrow for major corporate announcements, such as dividends, rights issue, subdivision, and demerger

Coforge gains 2%, hits record high on Rs 19 per share interim dividend

The company has fixed October 11, as the record date to ascertain the eligibility of shareholders for the payment of the second interim dividend.

Why did Mphasis, Nifty IT gain up to 4% after US Fed cut rates by 50 bps?

The surge in IT stocks was fuelled by the US Federal Reserve's decision to cut interest rates by 50 basis points, lowering the target range to 4.75 per cent to 5 per cent.

IT shares in demand; Coforge up 6% as Motilal Oswal upgrades stock to 'Buy'

The IT sector is on the cusp of a mild but possibly sustained recovery in client spending, and the impending rate cut cycle should add to the sector tailwinds, according to MOFSL.

F&O Insights: FIIs cover shorts in Bank Nifty; 24,600 is the key for Nifty

Derivatives market update: In the last 4 trading sessions, the Nifty and Bank Nifty, both, have witnessed short-covering as prices rose on the back of 20% and 16% decline in open interest.

Technology shares in demand; Nifty IT index rises 2%, TCS nears record high

The Nasdaq rose more than 2% on Thursday after July the US retail sales data signalled resilient consumer spending, allaying fears of an imminent recession in the world's largest economy.

Wipro, Coforge among firms with highest paid IT CEOs in FY24: Check list

Coforge CEO Sudhir Singh's annual remuneration in FY24 stood at Rs 105.12 crore, positioning him at the second spot after Wipro's former CEO Thierry Delaporte

Coforge buys 17% stake in Cigniti Technologies for Rs 645 cr via block deal

IT company Coforge on Friday bought a 17 per cent stake in Cigniti Technologies for Rs 645 crore through open market transactions. According to the block deal data available with the BSE, Coforge purchased a total of 46,18,199 shares or 16.9 per cent stake in Cigniti Technologies. The shares were acquired at an average price of Rs 1,398.5 apiece, taking the transaction value to Rs 645.85 crore. Meanwhile, Kukunuru Madhava Lakshmi and Kukunuru Kumar Bapuji, public shareholders of Cigniti Technologies have exited the firm by selling their entire 6.83 per cent stake in the firm. In addition, Sapna P and Venkata Subramanyam Chakkilam, one of the promoters of Ciginiti, also offloaded shares in the company. A total of 46.18 lakh shares of Cigniti were sold by Kukunuru Madhava Lakshmi, Kukunuru Kumar Bapuji, Sapna and Chakkilam at the same price. Shares of Cigniti Technologies fell 1.28 per cent to close at Rs 1,367.20 per piece on the NSE. On Thursday, digital services and solutions .

Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results

Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector

Capital Group buys over 322,000 shares of IT firm Coforge for Rs 163 cr

Financial services company Capital Group on Thursday bought shares of IT company Coforge for Rs 163 crore through an open market transaction. US-based Capital Group through its affiliate New World Fund Inc acquired shares of Coforge through a bulk deal on the NSE. As per the data on the National Stock Exchange (NSE), New World Fund Inc purchased 3,22,554 shares or 0.5 per cent stake in Coforge. The shares were picked up at an average price of Rs 5,073.66 apiece, taking the deal size to Rs 163.65 crore. After the stake purchase, Capital Group's shareholding in Coforge increased to 5.52 per cent from 5.02 per cent in the company. Capital Group through its two affiliates SmallCap World Fund Inc and New World Fund Inc hold a stake in the company. Details of the sellers could not be ascertained. On Thursday, shares of Coforge rose 3.55 per cent to close at Rs 5,084.45 apiece on the NSE.

Coforge, Microsoft to launch innovation hub for creating GenAI solutions

IT company Coforge on Tuesday said it has collaborated with Microsoft to establish an innovation hub to develop industry-specific generative AI solutions. The hub will develop new industry specific generative AI solutions and will work closely with Microsoft to integrate them with Microsoft's generative AI products and technologies, including Microsoft Azure OpenAI Service, Microsoft Power Platform, and Microsoft Copilot, Coforge said in a statement. Coforge is taking advantage of its deep industry strengths and customer partnerships in building industry specific generative AI solutions on the Microsoft platform to drive transformation and enhance productivity. "This collaboration with Microsoft will further accelerate our efforts to deliver industry-leading generative AI solutions to our customers," Coforge CEO and executive director Sudhir Singh said. Coforge also introduced two new copilots for insurance and financial services. These copilots will use Microsoft's generative AI

Berger Paints, Persistent: 5 oversold stocks that can bounce back up to 10%

HDFC Life, CoForge and Syngene are the other 3 stocks trading in oversold zone; Technically a RSI reading below 30 on the charts is considered oversold; here are the key levels.

Cigniti Technologies acquisition will be game changer: Coforge CEO

The company has set a target of training 40 per cent of its workforce in GenAI skills in FY25

Stock Market Highlights, May 3: Sensex plunges 733 pts, Nifty below 22,500 in broad sell-off

Stock Market highlights on May 3:24 of the 30 Sensex stocks, and 35 of the 50 Nifty stocks closed in the negative zone led by L&T, Maruti Suzuki, Reliance Industries, Nestle India, and JSW Steel

Coforge slips 10% post Q4 results, acquisition of Cigniti Technologies

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

Trading action on May 03: New highs, block deal, open offer, Q4 nos & more

All you need to know before Sensex, Nifty opens for trade on Friday, May 03: Positive global cues, Gift Nifty hint at gap-up open; Bajaj Finance, CoForge, Yes Bank in focus.

Coforge Q4 results: Profit rises 94.8%, acquires Cigniti Technologies

The dollar revenue for the fourth quarter grew 1.9 per cent sequentially in constant currency to $286.8 million, led by deal wins worth $400 million

Coforge Q4 results: Net profit up 95% at Rs 223.7 cr, revenue rises 8.7%

Coforge Q4FY24 results: The board of the company recommended an interim dividend of Rs 19 per share

Breakout stocks: CoForge, TechM, Sonata can rally up to 14%, suggest charts

The Nifty IT index as underperformed the benchmark Nifty 50 so far this year. Will the upcoming Q4 results revive sentiment at these counters? Charts suggest that these 4 IT stocks look promising.

Coforge slips 5% as board approves Rs 3,200 crore fund raise

In the past one month, the global digital services and solutions provider's stock has underperformed in the market falling by 14 per cent. In comparison, the S&P BSE Sensex was down by 0.04 per cent