Coforge Ltd gains for third straight session

Coforge Ltd gained for a third straight session today. The stock is quoting at Rs 1810, up 1.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.19% on the day, quoting at 25378.1. The Sensex is at 82867.93, up 0.21%. Coforge Ltd has gained around 9.52% in last one month.

Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has gained around 5.74% in last one month and is currently quoting at 36447.15, up 0.84% on the day. The volume in the stock stood at 12.38 lakh shares today, compared to the daily average of 14.2 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 1815.6, up 0.86% on the day. Coforge Ltd is up 30.86% in last one year as compared to a 0.15% slide in NIFTY and a 12.38% slide in the Nifty IT index.

The PE of the stock is 100.35 based on TTM earnings ending June 25.

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