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Top Gainers & Losers on May 18: Gland Pharma, Coforge, PB Fintech, BSE, Voltas, Bharti Airtel among top gainers
Indian stocks marginally gained on May 18, driven by strong tech buying and pharma support, with Nifty 50 up 0.03% at 23,649 and BSE Sensex at 75,263. However, the broader market faced pressure as Nifty Midcap 100 and Nifty Smallcap 100 fell.
Coforge to Tech Mahindra: Tech stocks extend rally for second session; Nifty IT jumps over 2%
Coforge, Tech Mahindra, and other tech stocks rallied on May 18, with the NIFTY IT index rising 2.4%. Analysts attribute this to currency weakness and export earnings, despite concerns over AI disruption and mixed earnings guidance from major firms, leading to a decline of 25.3% in 2026.
Infosys, OFSS, TechM, other IT stocks gain up to 3% despite weak market sentiment. Here's why
IT stocks such as Infosys and Oracle Financial Services Software gained, while LTIMindtree, Coforge, Tech Mahindra, Mphasis and Persistent Systems also posted strong gains. Meanwhile, the BSE Sensex and Nifty 50 dropped over 1% as the rupee hit a record low and bond yields surged to all-time highs.
Persistent Systems, Infosys lead sell-off in IT stocks; index extends weekly drop to 7%
Among the worst hit were Persistent Systems, Coforge, Mphasis and LTIMindtree, which declined between 3% and 5%. Heavyweights including Wipro, Tata Consultancy Services and Infosys were down 2% to 3%.
IT Stocks Extend Decline For Fourth Straight Session Amid AI, Growth Concerns; Persistent Systems, Coforge Lead Losses
The continued declines in the tech shares has pushed the Nifty IT Index more than 40% below its all-time high reached in December 2024.
Coforge Ltd gains for fifth session
Coforge Ltd is quoting at Rs 1381.5, up 0.98% on the day as on 12:44 IST on the NSE. The stock is down 16.89% in last one year as compared to a 3.91% drop in NIFTY and a 22.91% drop in the Nifty IT.
Market Trading Guide: Buy Coforge and NBCC on Monday for near-term gains of up to 7%
The Nifty ended sharply lower amid escalating US-Iran tensions, rupee weakness and heavy selling in financial stocks, slipping below the 50-day EMA and signalling renewed weakness. Analysts expect further downside if the index remains below 24,200, while Coforge and NBCC (India) are seen as attractive short-term trading opportunities.
Polycab, Paytm to Coforge: Why top brokerages are bullish on these 8 stocks with 15%-88% upside potential - financialexpress.com
Polycab, Paytm to Coforge: Why top brokerages are bullish on these 8 stocks with 15%-88% upside potentialfinancialexpress.com
Cigniti Tech exits Nifty indices following amalgamation with Coforge
As part of the changes, Cigniti Technologies will be removed from the Nifty Microcap 250 index and replaced by Sanofi Consumer Healthcare India.
Coforge shares surge 6%, rally 16% in three days post Q4 results. What's ahead for investors?
Coforge shares saw a significant jump following robust Q4 financial results. The company reported a substantial surge in net profit and revenue. Analysts are optimistic, with several brokerages issuing 'Buy' recommendations. Strong deal wins and an expanding order book fuel confidence for future growth. The acquisition of Encora is also expected to boost revenue.
India's mid-tier IT firms narrow new business gap with the larger rivals
Coforge, Mphasis and five similar companies saw growth moderate, but their decline in new business in FY26 was slower than that of the country’s six largest software exporters, which include the likes of Tata Consultancy Services (TCS) and Infosys.
Coforge among 6 F&O stocks with a sharp rise in futures open interest
Six stocks in the NSE F&O segment recorded a sharp rise in futures open interest on May 6, signalling increased trader participation and fresh positioning. Larsen & Toubro, HDFC Life Insurance, Amber Enterprises, Nippon Life India Asset Management, Coforge and Godfrey Phillips India saw open interest rise over 10%.