COFORGE at All Time High; BSE IT Index Up 3.3%

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COFORGE at All Time High; BSE IT Index Up 3.3%
Fri, 25 Sep 01:10 PM

COFORGE share price has hit an all-time high at Rs 2,287 (up 7.7%).

Meanwhile, the BSE IT Index is at 19,813 (up 3.3%).

Among the top gainers in the BSE IT Index today are COFORGE (up 7.7%) and ORACLE FINANCIAL (up 0.6%).

L&T TECHONOLOGY (down 0.5%) and ZENSAR TECHNOLOGIES (down 3.5%) are among the top losers today.

Over the last one year, COFORGE has moved up from Rs 1,410 to Rs 2,287, registering a gain of Rs 878 (up 61.4%).

The BSE IT has moved up from 15,067 to 19,813, registering a gain of 4,746 points (up 30.9%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were PERSISTENT SYSTEMS (up 97.7%), TATA ELXSI (up 91.2%) and INFIBEAM AVENUES (up 83.2%).

Last Day: Discover India's #1 defence stock now

What About the Benchmark Indices?

The BSE Sensex is at 37,260 (up 1.8%). The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 5.9%), HCL TECHNOLOGIES (up 5.4%) and INDUSIND BANK (up 4.4%). Other gainers include TCS (up 3.8%) and BAJAJ FINSERV (up 3.7%). The most traded stocks in the BSE Sensex are SBI and ITC.

In the meantime, NSE Nifty is at 11,012 (up 1.7%). The top gainers in the NSE Nifty include BHARTI INFRATEL (up 7.2%), BHARTI AIRTEL (up 5.7%) and HCL TECHNOLOGIES (up 5.4%). Other gainers include INDUSIND BANK (up 4.4%) and CIPLA (up 4.2%).

Over the last 12 months, the BSE Sensex has moved down from 39,090 to 37,260, registering a loss of -1,830 points (up -4.8%).

COFORGE Financial Update...

COFORGE net profit down at Rs 829 million for the quarter ended June 2020, compared to a loss of Rs 1 billion a year ago. Net Sales declined 1.5% to Rs 10.6 billion during the period as against Rs 10.7 billion in April-June 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 30.3x.



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