Coforge Ltd soars 1.13%, rises for fifth straight session

Coforge Ltd is quoting at Rs 2451.95, up 1.13% on the day as on 12:44 IST on the NSE. The stock is up 63.46% in last one year as compared to a 7.75% spurt in NIFTY and a 46.29% spurt in the Nifty IT.

Nov 24, 2020 01:11 IST capital market

Coforge Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2451.95, up 1.13% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.64% on the day, quoting at 13009.1. The Sensex is at 44362.4, up 0.65%. Coforge Ltd has risen around 10.84% in last one month.

Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has risen around 3.88% in last one month and is currently quoting at 22007.05, up 0.38% on the day. The volume in the stock stood at 2.82 lakh shares today, compared to the daily average of 8.55 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 2451.95, up 1.2% on the day. Coforge Ltd is up 63.46% in last one year as compared to a 7.75% spurt in NIFTY and a 46.29% spurt in the Nifty IT index.

The PE of the stock is 36.22 based on TTM earnings ending September 20.

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