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Indian Stock Market Updates January 18, 2021

COFORGE Share Price Down by 5%; BSE IT Index Down 1.8%
Mon, 18 Jan 03:30 PM

COFORGE share price has plunged 5% and is presently trading at Rs 2,654.

Meanwhile, the BSE IT Index is at 26,396 (down 1.8%).

Among the top losers in the BSE IT Index today are COFORGE (down 5.0%) and L&T INFOTECH (down 6.8%).

TATA ELXSI (up 5.6%) and FIRSTSOURCE SOLUTIONS (up 0.4%) are among the top gainers today.

Over the last one year, COFORGE has moved up from Rs 1,806 to Rs 2,654, registering a gain of Rs 849 (up 47.0%)..

The BSE IT has moved up from 16,167 to 26,396, registering a gain of 10,229 points (up 63.3%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were TATA ELXSI (up 175.6%), PERSISTENT SYSTEMS (up 133.1%) and FIRSTSOURCE SOLUTIONS (up 115.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 49,122 (down 1.1%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 2.0%), TITAN (up 1.6%) and HDFC BANK (up 1.0%). Other gainer include ITC (up 0.3%). The most traded stocks in the BSE Sensex are ITC and RELIANCE IND..

In the meantime, NSE Nifty is at 14,459 (down 1.3%). UPL (up 6.3%) and RELIANCE IND. (up 2.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,953 to 49,122, registering a gain of 7,169 points (up 15.57%).

COFORGE Financial Update...

COFORGE net profit down at Rs 1 billion for the quarter ended September 2020, compared to a loss of Rs 1 billion a year ago. Net Sales rose 7.5% to Rs 11.5 billion during the period as against Rs 10.7 billion in July-September 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 33.6x.

Stock Market Updates

SGX Nifty Trades Higher, Mutual Fund Buying Activity in February, Easy Trip Planners IPO, and Buzzing Stocks Today (Today's Market)

Mar 9, 2021 Pre-Open

Indian share markets ended their day on a flat note yesterday. At the closing bell yesterday, the BSE Sensex stood higher by 35 points (up 0.1%).

Indian Indices End Flat, GAIL and UPL Among Top Nifty Gainers (Today's Market)

Mar 8, 2021 Closing

Indian share markets end on a flat note with the Sensex ending up by 35 points and the Nifty ending up by 18 points.

Sensex Trades Over 200 Points Higher; Dow Futures Up by 37 Points (Today's Market)

Mar 8, 2021 12:30 pm

BSE Sensex is trading up by 214 points, while the NSE Nifty is trading up by 76 points.

Indian Share Markets Open Higher; GAIL & ONGC Surge 5% (Today's Market)

Mar 8, 2021 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 363 points, while the Nifty is trading higher by 112 points.

ONGC at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Mar 8, 2021 09:40 AM

ONGC share price has hit a 52-week high. It is presently trading at Rs 121. BSE 500 Index is up by 0.7% at 20,123. Within the BSE 500, ONGC (up 5.2%) and BEML (up 13.1%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

GRINDWELL NORTON at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Mar 8, 2021 09:38 AM

GRINDWELL NORTON share price has hit a 52-week high. It is presently trading at Rs 975. BSE 500 Index is up by 0.8% at 20,123. Within the BSE 500, GRINDWELL NORTON (up 5.5%) and BEML (up 11.8%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

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