Introduction:
IT stock has announced a 1:5 share split, reducing the face value from ₹10 to ₹2 per share. This move aims to boost liquidity and affordability, subject to shareholder approval, enhancing market participation and aligning with regulatory compliance.
Share Price movement of Coforge:
On March 5, 2025, Coforge Limited opened at ₹7,531.05, reaching a high of ₹7,933.60, up 8.54% from its previous close of ₹7,212.40, and a low of ₹7,500.00. Currently, the stock is trading at ₹7,828.60, with a market cap of ₹52,374.34 crore.
Coforge share price rise:
Coforge Limited’s Board of Directors, in a meeting on March 4, 2025, approved the sub-division of existing equity shares from a face value of ₹10 to ₹2 per share. This move aims to enhance liquidity and affordability, subject to shareholder approval.
The company also approved altering the Capital Clause in its Memorandum of Association to reflect the share split. This revision aligns with the revised equity structure, ensuring compliance with regulatory requirements while optimizing shareholder value.
The Record Date for the share split will be announced in due course. This decision is expected to increase market participation, making the stock more accessible to investors while maintaining strong corporate governance and regulatory transparency.
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Stock performance of Coforge for Period of 1 week, 6 months and 1 year:
Coforge’s stock performance over the past week showed a decline of 5.52%, reflecting short-term volatility. However, over six months, the stock gained 8.87%, indicating steady growth. In the past year, it delivered a 14.2% return, highlighting its long-term upward trend despite market fluctuations.
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Shareholding pattern of Coforge:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 0 | 0 | 0 |
| FII | 42.55 | 42.09 | 41.43 |
| DII | 47.86 | 48.15 | 47.29 |
| Retail & others | 9.58 | 9.75 | 11.28 |
About Coforge :
Coforge is a global IT solutions provider specializing in digital transformation, cloud computing, and AI-driven services. It serves industries like banking, insurance, and travel, delivering innovative technology solutions to enhance operational efficiency and business growth for clients worldwide.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
