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Coforge Plunges 4%; BSE IT Index Down 1.0%
Tue, 23 Dec 10:30

Coforge Plunges 4%; BSE IT Index Down 1.0%Image source: ipopba/www.istockphoto.com

Coforge share price has plunged 4% and is presently trading at Rs 1,791.5.

Meanwhile, the BSE IT index is at 37,820.2 (down 1.0%).

Among the top losers in the BSE IT index today are Infosys (down 1.7%) and Firstsource Solutions (down 1.3%).

TANLA SOLUTIONS (up 1.5%) and Birlasoft (up 1.2%) are among the top gainers today.

Over the last one year, Coforge has moved down from Rs 1,931.6 to Rs 1,791.5, registering a loss of Rs 140.1 (down 7.3%).

On the other hand, the BSE IT index has moved down from 44,731.4 to 37,820.2, registering a loss of 15.5% during the last 12 months.

The top losers among the BSE IT index stocks during this same period were ROUTE MOBILE (down 49.1%), Sonata Software (down 46.1%) and CYIENT (down 42.9%).

Peak India: The Rally of the Past 5 Years was Just a Preview

What About the Benchmark Indices?

The BSE Sensex is at 85,493.9 (down 0.1%).

The top losers among the BSE Sensex today are Infosys (down 1.7%) and TCS (down 0.9%). The most traded stocks in the BSE Sensex are Tata Motors and Eternal Ltd.

In the meantime, NSE Nifty is at 26,170.0 . Infosys and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 79,218.1 to 85,493.9, registering a gain of 6,275.9 points (up 7.9%).

Coforge Financial Update...

Coforge net profit grew 72.4% YoY to Rs 4,254 million for the quarter ended September 2025, compared to a profit of Rs 2,468 million a year ago. Net sales rose 31.7% to Rs 39,857 million during the period as against Rs 30,256 million in July-September 2024.

For the year ended March 2025, Coforge reported 13.5% increase in net profit to Rs 9,635 million compared to net profit of Rs 8,489 million during FY24. Revenue of the company grew 33.8% to Rs 120,507 million during FY25.

The current Price to earnings ratio of Coforge, based on rolling 12 month earnings, stands at 47.1.

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