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COFORGE
Limited shares continued their strong momentum as the stock gained over 10% yesterday and opened with another 1%+ gap-up today, marking its third straight session of gains. The rally followed the companyโs impressive Q4 earnings performance, which boosted investor sentiment.
For Q4, Coforge reported a sharp 145% year-on-year jump in net profit to โน612 crore compared to โน250 crore last year. Revenue rose 5% to โน4,450 crore from โน4,232 crore, while EBIT increased 26% to โน696 crore versus โน554 crore in the corresponding quarter.
The strong earnings growth and operational improvement kept the stock in focus across the IT sector during recent trading sessions.
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