415% return in 5 years: Shares of this IT solutions company hit fresh 52-week high as net profit rises

Shares of IT solutions company Coforge gained over 12 per cent on Monday as the company reported an 11.7 per cent year-on-year increase to Rs 202.2 crore in consolidated net profit for the quarter that ended in September. The counter opened at Rs 6,931.55 against the previous close of Rs 6,795.60 on the BSE. The counter surged further to touch the high of Rs 7,632.75 - a gain of 12.32 per cent from the previous close. This is also the fresh 52-week high of the counter. 

Last seen, the counter held firmly in green and was trading at Rs 7554.15. The stock has a 52-week low of Rs 4,291.05.

Coforge Share Price History

Share of Coforge has given a positive return of 53.54 per cent in one year and a 95.60 per cent return in two years. The stock has given a multibagger return of 415 per cent in four years. 

Coforge Q2 Results 

The company's revenue from operations for the quarter under review stood at Rs 3,062.3 crore, a 34.5 per cent rise from Rs 2,276.2 crore in Q2 FY24.

Its profit and revenue jumped 51.8 per cent and 27.5 per cent, respectively.

The Noida-headquartered firm added 5,871 staff during the quarter, including 4,430 from its acquisition of Cigniti. This brings its total employee count to 32,483.

Coforge Interim Dividend 2024

The company's board recommended an interim dividend of Rs 19 per share, and the record date for this payout was October 11, 2024, according to the filing.

A global digital services and solutions provider, Coforge has a presence in 21 countries with 25 delivery centres across nine countries Shares of Coforge were trading 11.48 per cent higher at Rs 7575.75 apiece on the BSE on Wednesday.

With PTI inputs