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Coforge Shares Slide: IT Index Outperforms
23 Dec
Summary
- Coforge stock dropped 1.19% last month.
- The BSE Information Technology index gained 6.45% in the same period.
- The stock hit a record high of Rs 2003.59 on December 30, 2024.
Coforge Ltd's stock has seen a notable downturn, with a 1.19% decrease over the last month, contrasting sharply with the BSE Information Technology index's 6.45% rise and the SENSEX's 0.54% gain during the same period. On a particular trading day, Coforge shares plummeted by 4.99% to Rs 1774.9, underperforming the BSE IT index which registered a marginal dip of 0.01%.
Other IT stocks like Cigniti Technologies Ltd and Rashi Peripherals Ltd also experienced declines on the same day. The BSE IT index has shown resilience over the month but has fallen 12.47% over the past year, while the benchmark SENSEX surged by 9.1% in the same timeframe. Coforge's shares have traded below their average daily volume in recent times.
The company's stock reached an all-time high of Rs 2003.59 on December 30, 2024, but later fell to a 52-week low of Rs 1190.84 on April 7, 2025. This significant fluctuation highlights market volatility and investor sentiment shifts concerning Coforge's performance.
