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  1. Coforge shares jump 6%: Here is why the stock is buzzing today

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Coforge shares jump 6%: Here is why the stock is buzzing today

Upstox

3 min read | Updated on June 10, 2025, 11:32 IST

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SUMMARY

Another reason for the rally in Coforge shares can be attributed to the US-China trade talks. Last seen, shares of the midcap IT firm were trading at ₹1,865 apiece on the National Stock Exchange, rising 3.96%

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Coforge

Coforge reported a 21% quarter-on-quarter (QoQ) increase in its consolidated net profit for the January to March quarter at ₹261.2 crore of the financial year 2024-25. | Image: Shutterstock

Shares of Coforge soared nearly 6% to an intraday high of ₹1,895 apiece on Tuesday, June 10. The stock has been in the limelight for various factors.

Last week, Coforge’s board of directors had greenlit splitting equity shares in a 1:5 ratio. In other words, the company will split each fully paid-up equity share with a face value of ₹10 into five shares with a face value of ₹2 each.

In early May, the IT company fixed June 4, 2025, as the record date for determining “the entitlement of equity shareholders for the purpose of sub-division or split of existing equity shares of the company”.

Last seen, shares of the midcap IT firm were trading at ₹1,865 apiece on the National Stock Exchange, rising 3.96%.

Here are key reasons why Coforge shares are rising today
  1. Global brokerage firm JP Morgan maintained its outlook for the firm on Tuesday. JP Morgan has said Coforge’s management was bullish with no signs of any of the macro concerns plaguing peers. This led to their outlook decision. The brokerage is also confident about industry-leading growth while sharply expanding margins.

  2. JP Morgan also said that large deals won in FY25 and locked in by Coforge lead to a strong pipeline for the firm.

  3. Coforge expects FY26 to be another year of robust growth, even excluding the impact of the Sabre deal. The tech company is guiding for a particularly strong first half, with the second half expected to deliver even better growth.

  4. Another reason for the rally in Coforge shares can be attributed to the US-China trade talks. The possibility of easing trade tensions between the US and China will likely relax concerns over economic strain on the two countries after Trump's tariffs in April. Investors are optimistic about the IT sector following the trade talks.

Coforge reported a 21% quarter-on-quarter (QoQ) increase in its consolidated net profit for the January to March quarter at ₹261.2 crore of the financial year 2024-25. The IT solutions firm’s net profit in the last quarter was at ₹215.5 crore.

The company’s revenue climbed 4.6% to ₹3,409 crore during the quarter under review as compared to ₹3,250 crore in Q3 FY25.

Share price details

Over the last five trading days, Coforge shares have surged 8.3%, while for a month’s period, the stock gained over 12%.

Since December 10, 2024, which is six months, shares of the firm have climbed 3.46%.

The company’s market capitalisation stands at ₹62,449.32 crore.

Shares of the firm had touched its one-year high of ₹2,005.36 apiece on December 30, 2024, while its 52-week low of ₹1,032.40 was hit on June 18, 2024.

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.