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Source: Live Mint Coforge Ltd, following its board meeting held on Monday, May 5, announced June 4, 2025, as the record date for its proposed stock split in a 1:5 ratio. The announcement came alongside the company’s March quarter earnings (Q4FY25), with the stock split aimed at enhancing liquidity and encouraging broader investor participation. The…
Source: Live Mint IT stocks in focus: Although the Nifty IT index rebounded sharply during the second half of April, it ended the month in negative territory, extending its losing streak to a fourth consecutive month—the longest such streak since 2016—losing 3% of value. Seven out of the 10 constituents of the index closed lower…
Source: Live Mint Further, Coforge has acquired Rythmos Inc. for $48.7 million and TMLabs Pty Ltd for Australian $20 million (about $12.5 million). Coforge also announced a stock split in the ratio of 1:5. The Sabre agreement is Coforge’s largest-ever multi-year deal win, offering the Noida-based company greater revenue visibility for 2025-26. Winning a large…
Source: Live Mint The upcoming MSCI index review for February 2025 is likely to bring significant changes, with five stocks having a high probability of migrating from the MSCI Small Cap Index to the Standard Index. These anticipated inclusions in the MSCI Standard Index are Coforge, One 97 Communications (Paytm), Coromandel International, UNO Minda and…
Source: Live Mint The Nifty IT index continued its winning streak for the third consecutive trading session on Tuesday, December 3, rising by 0.5 per cent to close at 43,754. The index recovered 0.75 per cent from its intraday low, with a strong rally in Persistent Systems and HCL Tech helping keep the index in…
Source: Live Mint Information technology (IT) services companies will likely report muted revenue growth at four to six per cent in the current fiscal year 2024-25 (FY25) for a second consecutive year. Despite the challenges, domestic credit rating agency ICRA projects the sector’s operating profit margin (OPM) to remain healthy at ~22 per cent in…
Source: Business Standard 3 min read Last Updated : Sep 10 2024 | 2:51 PM IST Shares of information technology (IT) companies are in demand, with their shares having rallied up to 6 per cent on hopes of a recovery. The IT sector is now on the cusp of a mild but possibly sustained recovery…
