Coforge Ltd down for fifth straight session

Coforge Ltd is quoting at Rs 1936.1, down 0.38% on the day as on 13:24 IST on the NSE. The stock jumped 34.29% in last one year as compared to a 3.47% rally in NIFTY and a 15.03% spurt in the Nifty IT index.

Aug 26, 2020 01:08 IST capital market

Coforge Ltd is down for a fifth straight session today. The stock is quoting at Rs 1936.1, down 0.38% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.16% on the day, quoting at 11490.75. The Sensex is at 38856.91, up 0.03%.Coforge Ltd has added around 9.41% in last one month.Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has increased around 2.3% in last one month and is currently quoting at 17973.7, up 0.32% on the day. The volume in the stock stood at 56957 shares today, compared to the daily average of 8.06 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 1938.05, down 0.5% on the day. Coforge Ltd jumped 34.29% in last one year as compared to a 3.47% rally in NIFTY and a 15.03% spurt in the Nifty IT index.

The PE of the stock is 28.09 based on TTM earnings ending June 20.

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