Coforge Ltd News
Coforge slides 7% as over 7 million equity shares change hands on bourses
According to reports, Barings Private Equity was looking to sell part of its 40 per cent stake in Coforge via block deals
 "Coforge slides 7% as over 7 million equity shares change hands on bourses")
TCS, Persistent: Breakout in IT index may trigger up to 9% rally in stocks
Shares of Tata Consultancy Services, Infosys, HCL Technologies, Coforge and Persistent Systems are indicating chart structures that reflect resumption of their short-to-medium term upmove.
 "TCS, Persistent: Breakout in IT index may trigger up to 9% rally in stocks")
Chart: 15 stocks in Nifty 500 continue to rise despite volatile sentiment
Volumes spurt were significantly higher during strong positive closes than during negative sessions.
 "Chart: 15 stocks in Nifty 500 continue to rise despite volatile sentiment")
IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week
Since January 6, the IT index rallied 9 per cent, as compared to 1.6 per cent rise in the Nifty50
 "IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week")
Coforge jumps 7% after Q3FY23 results beats Street estimate
The firm upgraded its fiscal year 2023 annual revenue growth guidance to 22 per cent in constant currency terms and reaffirmed adjusted EBITDA annual margin guidance
 "Coforge jumps 7% after Q3FY23 results beats Street estimate")
Nifty IT index surges 2%; Infy, TCS, Tech Mahindra, Coforge gain up to 3%
The US market ended higher overnight, led by gains in technology stocks, after US Federal Reserve chairman indicated that the central bank may slow pace of rate hikes. Nasdaq Composite jumped 4.4%
 "Nifty IT index surges 2%; Infy, TCS, Tech Mahindra, Coforge gain up to 3%")
Nifty IT in pullback mode: Infosys, HCL Tech, KPIT can rally up to 15%
The Nifty IT index has recovered smartly from its September lows, and if the current momentum sustains select IT stocks could witness a medium-term bullish trend.
 "Nifty IT in pullback mode: Infosys, HCL Tech, KPIT can rally up to 15%")
Rising offshore revenue to be growth huge lever for years: Coforge CEO
The IT solutions provider has posted a consolidated net profit of Rs 220.6 crore for Q2FY23, up 36.6% YoY. Its revenue growth was driven by offshoring expansion
 "Rising offshore revenue to be growth huge lever for years: Coforge CEO")
Coforge Q2 net profit rises 36.6% to Rs 220 crore, revenue up 19.9%
The board has recommended an interim dividend of Rs 13 per share, with the record date for payout on 4 November 2022.
 "Coforge Q2 net profit rises 36.6% to Rs 220 crore, revenue up 19.9%")
