Coforge Ltd

Coforge will hold a meeting of the Board of Directors of the Company on 5 May 2025.Powered by Capital Market - Live

Coforge has elevated its collaboration with ServiceNow, the AI platform for business transformation. As part of this engagement, Coforge will combine its market leading AI framework Quasar with ServiceNow AI Agents to launch a GenAI Center of Excellence (CoE) in Greater Noida, India that will empower organizations to harness advanced AI-driven insights, streamline operations, and deliver exceptional customer experiences. As part of the Gen AI CoE, customers can pilot, navigate, and scale innovative solutions to address industry-specific challenges by leveraging the full potential of AI with ServiceNow. Coforge has over 12 domain centric, industry first solutions on ServiceNow platform across Financial Services, Insurance, Healthcare and Travel. The CoE will be a great foundation for Coforge to accelerate clients' journey with ServiceNow platform, especially in the areas of payment, fraud detection, dispute management and digital operations resiliency. Powered by Capital Market - Live

Coforge has approved the allotment of 5,757 equity shares on March 08, 2025, having face value of Rs. 10/- each on exercise of options under Employee Stock Option Plan of the Company.Powered by Capital Market - Live

The company's board approved sub division of one existing equity share having face value of Rs 10 each into five equity shares of Rs 2 each, subject to approval of the members of the Company. The record date for sub-division / split of existing equity shares will be intimated in due course. The sub division is expected to be completed within three months from the approval of the members. Meanwhile, the company's wholly owned subsidiary, Coforge Inc., has agreed to enter into a stock purchase agreement with Rythmos Inc. and its stockholders to acquire all of the outstanding shares of capital stock of Rythmos Inc. Further, the company's wholly owned -owned step-down subsidiary, Coforge Technologies Australia Pty, has agreed to enter into a share sale agreement with TMLabs Pty Ltd and its shareholders to acquire all of the outstanding shares of TMLabs Pty Ltd. Coforge is a global digital services and solutions provider that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. The firm has a presence in 21 countries with 26 delivery centers across nine countries. The company reported 9.5% rise in net profit, excluding minority interest, to Rs 255.9 crore in Q3 FY25 from Rs 233.6 crore in Q2 FY25. The company's gross revenues increased by 8.4% quarter-on-quarter (QoQ) to Rs 3,318.2 crore in the December 2024 quarter.Powered by Capital Market - Live

The Board of Coforge at its meeting held on 04 March 2025 has approved the following acquisitions: (a) The company, through its wholly owned subsidiary, Coforge Inc., has agreed to enter into a stock purchase agreement with Rythmos Inc. and its stockholders (Stock Purchase Agreement) to acquire all of the outstanding shares of capital stock of Rythmos Inc. (Rythmos Transaction), subject to completion of closing conditions and closing deliverables as per the Stock Purchase Agreement; and (b) The company, through its wholly-owned step-down subsidiary, Coforge Technologies Australia Pty Ltd, has agreed to enter into a share sale agreement with TMLabs Pty Ltd and its shareholders (Share Sale Agreement) to acquire all of the outstanding shares of TMLabs Pty Ltd (TMLabs Transaction), subject to completion of closing conditions and closing deliverables as per the Share Sale Agreement. Powered by Capital Market - Live

The Board of Coforge at its meeting held on 04 March 2025 has approved the alteration in the equity share capital of the Company by sub-division of existing equity shares of face value of Rs. 10 each, fully paid-up into 33,43,65,495 equity shares of face value of Rs. 2 each, fully paid-up. Powered by Capital Market - Live

Coforge will hold a meeting of the Board of Directors of the Company on 4 March 2025.Powered by Capital Market - Live

Coforge Ltd is down for a fifth straight session today. The stock is quoting at Rs 7753.9, down 1.54% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.87% on the day, quoting at 22830.85. The Sensex is at 75660.79, down 0.63%.Coforge Ltd has lost around 9.66% in last one month.Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has eased around 5.13% in last one month and is currently quoting at 41315.55, down 0.34% on the day. The volume in the stock stood at 2.46 lakh shares today, compared to the daily average of 5.38 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 7832.45, down 0.92% on the day. Coforge Ltd jumped 16.69% in last one year as compared to a 4.2% rally in NIFTY and a 8.36% spurt in the Nifty IT index.The PE of the stock is 74.08 based on TTM earnings ending December 24.Powered by Capital Market - Live

Coforge Ltd is up for a fifth straight session today. The stock is quoting at Rs 8562.95, up 0.49% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 23583.2. The Sensex is at 77886.15, down 0.22%. Coforge Ltd has slipped around 10.41% in last one month. Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has slipped around 1.64% in last one month and is currently quoting at 43020.95, down 0.24% on the day. The volume in the stock stood at 1.53 lakh shares today, compared to the daily average of 5.61 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 8536.55, up 0.01% on the day. Coforge Ltd is up 29.58% in last one year as compared to a 8.59% jump in NIFTY and a 13.39% jump in the Nifty IT index.The PE of the stock is 80.15 based on TTM earnings ending December 24.Powered by Capital Market - Live

Coforge Ltd is up for a third straight session in a row. The stock is quoting at Rs 8585.05, up 1.49% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.08% on the day, quoting at 23721.35. The Sensex is at 78351.94, down 0.3%. Coforge Ltd has dropped around 10.87% in last one month. Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has dropped around 1.68% in last one month and is currently quoting at 42860.2, up 0.19% on the day. The volume in the stock stood at 1.67 lakh shares today, compared to the daily average of 5.79 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 8626.55, up 1.78% on the day. Coforge Ltd is up 30.85% in last one year as compared to a 8.17% spurt in NIFTY and a 12.28% spurt in the Nifty IT index.The PE of the stock is 79.57 based on TTM earnings ending December 24.Powered by Capital Market - Live