Coforge Plunges 6%; BSE IT Index Down 5.3%
Wed, 3 Jun 12:26
Image source: Nikada/www.istockphoto.comCoforge share price has plunged 6% and is presently trading at Rs 1,423.8.
Meanwhile, the BSE IT index is at 28,515.4 (down 5.3%).
Among the top losers in the BSE IT index today are TCS (down 8.8%) and LTIMINDTREE (down 7.8%).
INDIAMART INTERMESH (up 0.2%) is among the top gainers today.
Over the last one year, Coforge has moved down from Rs 1,717.3 to Rs 1,423.8, registering a loss of Rs 293.5 (down 17.1%).
On the other hand, the BSE IT index has moved down from 36,681.9 to 28,515.4, registering a loss of 22.3% during the last 12 months.
The top losers among the BSE IT index stocks during this same period were ROUTE MOBILE (down 45.5%), KPIT TECHNOLOGIES (down 41.6%) and ZENSAR TECHNOLOGIES (down 39.4%).
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What About the Benchmark Indices?
The BSE Sensex is at 73,591.1 (down 1.4%).
The top losers among the BSE Sensex today are TCS (down 8.8%) and Tech Mahindra (down 6.2%). The most traded stocks in the BSE Sensex are TCS and ITC.
In the meantime, NSE Nifty is at 23,184.9 (down 1.3%). TCS and Tech Mahindra are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved down from 81,373.8 to 73,591.1, registering a loss of 7,782.7 points (down 9.6%).
Coforge Financial Update...
Coforge net profit grew 117.8% YoY to Rs 6,662 million for the quarter ended March 2026, compared to a profit of Rs 3,059 million a year ago. Net sales rose 30.0% to Rs 44,504 million during the period as against Rs 34,222 million in January-March 2025.
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 37.6.
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