COFORGE.NSE Coforge Ltd.

The future for the business is extremely bright, said Jean Salata, head of BPEA, Coforge Promoter

Coforge, Max Financial, RBL Bank, Manappuram Finance and Sapphire foods traded actively on the exchanges.

The floor price has been fixed at Rs 4,550 per share, which is a 7.4 percent discount to the current market price of Rs 4,901.95

A conclusive break above the 19,700 levels on Nifty, especially on a closing basis, would potentially open the path for further upward movement, with an eye towards the 20,000 mark.

There’s a clear divergence in the YTD performance of Nifty IT index constituents, with the smaller companies outperforming the industry giants by a sizeable margin.

FIIs have withdrawn around $2.12 billion from the information technology sector, so far, in 2023 amid a challenging demand environment. Mutual funds, however, increased stakes in some midcap IT companies in the June quarter