Coforge hits record high, takes recovery from 52-week low to 118%

Shares of Coforge surged nearly 4 per cent on Thursday, reaching an all-time high of Rs 9,349.45 on the BSE. This marks a staggering 118 per cent jump from its 52-week low of Rs 4,291.05 on May 9, showcasing impressive performance in just over seven months. At 1:20 PM, the stock traded at Rs 9,217.65, up 2.42 per cent, even as the broader Sensex slipped 0.25 per cent to 81,321.

Coforge share price trend

Coforge has delivered remarkable performance this year, soaring 118 per cent from its 52-week low of Rs 4,291.05 recorded on May 9. Over the past year, the stock has risen nearly 60 per cent, consistently posting gains since June on a monthly scale.

On December 10, Coforge announced a strategic partnership with ACORD Solutions Group in an exchange filing. This collaboration aims to drive automated processes across global brokers, insurers, and reinsurers.

The stock gained nearly 1 per cent post-announcement on December 10 but witnessed minor profit booking, dipping 0.07 per cent the following day. Coforge shares have seen a significant decline