Coforge Ltd slips for fifth straight session

12 Apr 2022 , 01:35 PM

Coforge Ltd dropped for a fifth straight session today. The stock is quoting at Rs 4134.05, down 4.13% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 1.08% on the day, quoting at 17483.5. The Sensex is at 58445.79, down 0.88%.Coforge Ltd has lost around 5.51% in last one month.Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has eased around 4.77% in last one month and is currently quoting at 34895.9, down 1.68% on the day. The volume in the stock stood at 2.22 lakh shares today, compared to the daily average of 3.94 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 4189.55, down 2.93% on the day. Coforge Ltd jumped 43.02% in last one year as compared to a 20.54% rally in NIFTY and a 32.72% spurt in the Nifty IT index.

The PE of the stock is 52.3 based on TTM earnings ending December 21.

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