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Sharekhan met Coforge’s management to get an update on the company’s outlook and growth plans from QIP. Coforge is looking to raise funds to the tune of Rs 3,200 crore. The QIP proceeds of Rs 3,200 crore would be purely utilised for mergers and acquisitions (M&A) purposes.
Persistent Systems continues to report strong growth even during the challenging times with increasing client engagement, Axis Securities said. The broking firm assigned KPIT Tech target price based on 47x FY26E EPS .
Coforge: Promoter stake in the IT company has been falling since September quarter of 2019 (70.04 per cent). In the June quarter, promoters held 26.63 per cent stake against 30.16 per cent in March and 40.06 per cent in the December quarter.
Coforge Ltd Share price NSE, BSE today: check share/stock price of COFORGE, get live NSE/BSE stock price of Coforge Ltd with financial reports, peer comparisons, stock performance, about company, shareholding pattern, SWOT analysis on Business Today.
On January 20, Coforge posted a 24 percent increase in its consolidated net profit to ₹228 crore for the December quarter. The company posted a net profit of ₹183 crore in the year-ago quarter. Axis Securities has maintained its ‘buy’ call on the stock with a target price of ₹4,715 apiece.