COFORGE at All Time High; BSE IT Index Up 0.7%
Fri, 16 Apr 12:02 PM

COFORGE share price has hit an all-time high at Rs 3,205 (up 5.3%).

Meanwhile, the BSE IT Index is at 27,073 (up 0.7%).

Among the top gainers in the BSE IT Index today are COFORGE (up 5.3%) and L&T INFOTECH (up 2.1%).

HEXAWARE TECHNOLOGIES and L&T TECHONOLOGY (down 0.1%) are among the top losers today.

Over the last one year, COFORGE has moved up from Rs 1,074 to Rs 3,205, registering a gain of Rs 2,131 (up 198.5%).

The BSE IT has moved up from 12,662 to 27,073, registering a gain of 14,411 points (up 112.6%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were INTELLECT DESIGN (up 866.2%), TATA ELXSI (up 347.7%) and PERSISTENT SYSTEMS (up 287.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 49,069 (up 0.3%). The top gainers among the BSE Sensex stocks today are ULTRATECH CEMENT (up 3.2%), ASIAN PAINTS (up 2.9%) and M&M (up 2.7%). Other gainers include POWER GRID (up 2.6%) and HCL TECHNOLOGIES (up 2.0%). The most traded stocks in the BSE Sensex are SBI and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 14,690 (up 0.5%). The top gainers in the NSE Nifty include WIPRO (up 9.1%), HINDALCO (up 4.9%) and BPCL (up 4.0%). Other gainers include ULTRATECH CEMENT (up 3.1%) and ASIAN PAINTS (up 2.8%).

Over the last 12 months, the BSE Sensex has moved up from 30,690 to 49,069, registering a gain of 18,379 points (up 59.5%).

COFORGE Financial Update...

COFORGE net profit down at Rs 1 billion for the quarter ended December 2020, compared to a loss of Rs 1 billion a year ago. Net Sales rose 10.9% to Rs 11.9 billion during the period as against Rs 10.7 billion in October-December 2019.

For the year ended March 2018, COFORGE reported 4.9% increase in net profit to Rs 3.1 billion compared to net profit of Rs 2.9 billion during FY17.

Revenue of the company grew 6.8% to Rs 30 billion during FY18.

The current Price to earnings ratio of COFORGE, based on rolling 12 month earnings, stands at 43.5x.



What else is happening in the markets today? Dig in...

  

Stock Market Updates

Apr 16, 2021 12:30 pm

Share markets in India are presently trading marginally higher. The BSE Sensex is trading up by 74 points, up 0.2% at 48,877 levels.

Apr 16, 2021 10:18 AM

JSW ENERGY share price is trading up by 5% and its current market price is Rs 101. The BSE POWER is up by 1.6%. The top gainers in the BSE POWER Index is JSW ENERGY (up 5.1%). The top losers are NHPC (down 0.2%) and GMR INFRA (down 0.8%).

Apr 16, 2021 09:30 am

Indian share markets open in green. The BSE Sensex opened up by 131 points, while the Nifty is trading higher by 40 points.

Apr 16, 2021 09:54 AM

DCM SHRIRAM share price is trading up by 10% and its current market price is Rs 619. The BSE 500 is up by 0.6%. The top gainers in the BSE 500 Index is DCM SHRIRAM (up 10.3%). The top losers are GODREJ PROPERTIES and TVS SRICHAKRA .

Apr 16, 2021 09:34 AM

HINDUSTAN COPPER share price is trading up by 5% and its current market price is Rs 145. The BSE METAL is up by 0.8%. The top gainers in the BSE METAL Index is HINDUSTAN COPPER (up 5.2%). The top losers is COAL INDIA (down 0.2%).

Apr 16, 2021 09:30 AM

WIPRO share price is trading up by 5% and its current market price is Rs 453. The BSE IT is up by 0.6%. The top gainers in the BSE IT Index is WIPRO (up 5.0%). The top losers is INFOSYS (down 0.1%).

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