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Coforge adds half a billion USD in market value on upbeat outlook markets stocks news
Coforge shares saw a significant jump on Wednesday, adding over $500 million in market value. The IT firm's strong earnings forecast for fiscal 2027 and improved operating margins surprised analysts. This outlook contrasts with that of larger IT companies. Trading data indicated bullish sentiment among investors.
Coforge adds half a billion USD in market value on upbeat outlook markets stocks news - The Economic Times
Coforge adds half a billion USD in market value on upbeat outlook markets stocks newsThe Economic Times
Top Gainers & Losers on May 6: Coforge, Vodafone Idea, HFCL, BPCL, Tata Motors, IndiGo among top gainers
On May 6, Indian markets closed higher with the Nifty 50 up 1.24% and the Sensex gaining 1.22%, driven by easing US-Iran tensions. Notable gains were seen in technology and auto stocks, although several shares faced declines amid profit booking.
Buy, Sell Or Hold: L&T, M&M, Hero Motocorp, Coforge, SBI Cards, Tata Power , And More — Ask Profit
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Mphasis sues Coforge in US court over employee hiring, client exposure claims
Blackstone-owned Mphasis has alleged that rival Coforge recruited its employees in breach of contractual restrictions and gained access to confidential client information tied to Charles Schwab, intensifying scrutiny over non-compete enforcement in India’s IT services sector.
Small & midcaps rally! Wockhardt, Coforge, other stocks surge up to 14%. Do you own any?
Smallcap and midcap stocks surged on Wednesday, outperforming broader market indices with gains of around 1% each. This rally was fueled by strong earnings reports, a fall in oil prices, and renewed market optimism. Key gainers included Coforge, SRF, and Wockhardt, driven by significant profit increases and strategic investments.
Coforge surges after Q4 PAT soars over two-fold to Rs 612 cr
Coforge soared 8.11% to Rs 1,263 after the company reported a 144.72% surge in consolidated net profit to Rs 612.3 crore on 5.17% jump in revenue from operations to Rs 4450.4 crore in Q4 FY26 over Q3 FY26.
Coforge shares soar 11% after Q4. Why Jefferies, Nomura, Motilal Oswal project up to 80% upside?
Coforge share price surged 11% to Rs 1,295 after the IT firm reported strong Q4FY26 earnings. Net profit jumped 134% YoY to Rs 612.3 crore, while revenue rose 30% YoY to Rs 4,450.4 crore. Sequentially, profit surged 145% and revenue grew about 5%. Growth remained robust across currencies, with constant currency revenue up 28.7%.
Coforge share price jumps 10% on strong Q4 results. Should you buy, sell or hold?
Coforge shares opened at ₹1,261 apiece today as compared to the previous close of ₹1,168 on Tuesday, which is 10% growth after its strong Q4 results. Check experts' opinion on whether you should buy or sell Coforge shares after Q4 results.
Coforge shares jump 10% after record margin performance, strong guidance
Coforge's constant currency revenue growth came in at 2% sequentially, at the lower end of estimates. However, profitability stood out, with EBIT margin at 16.6%, marking the highest-ever quarterly level.
Q4 Results LIVE Updates: L&T shares decline over 3%, Coforge up 8% post earnings; Bajaj Auto report today
Q4 Results LIVE Updates: It is yet another busy day for markets on Wednesday, May 6, as the over 60 firms are scheduled to report their earnings, including one Nifty 50 company Bajaj Auto, which will also be announcing its share buyback today. L&T has been downgraded by Nomura, while Coforge valuations are attractive as per analysts. Watch this space for all the LIVE updates.
Coforge hits 10% upper circuit on solid Q4; analysts peg up to 47% upside
Elara Capital has upgraded its rating to 'Accumulate' from 'Reduce', while Choice Institutional Equities has reaffirmed its 'Buy' rating following the Q4 results