Coforge stock split: Coforge shares rose nearly 2% on the National Stock Exchange (NSE) on Wednesday to hit an intra-day high of ₹1,730. However, on some platforms, the stock price saw a drop of nearly 80%. This is due to Wednesday, June 4, being the pre-split date for the company’s stock split proposal.
In early May, the IT company fixed June 4, 2025, as the record date to determine the “rights of equity shareholders for the purpose of subdivision or division of the existing equity shares of the company”.
The board of directors of Coforge had given the green signal to split the equity shares in a 1:5 ratio. In other words, the company said it will split each fully paid-up equity share with a face value of ₹10 into five shares with a face value of ₹2 each.
Coforge Stock Performance
The stock gained 2.75% last week and 17.05% in May. However, the split has led to the stock falling 82.91% on a year-to-date basis.
The stock had hit its 52-week low of ₹944.59 on June 4, 2024, exactly a year ago, and touched a high of ₹2,005.36 on December 30, 2024.
The total market capitalisation of Coforge as on June 4, 2025 on the NSE is ₹57,550.35 crore.
Coforge March Quarter Results
Coforge declared a 21% quarter-on-quarter (QoQ) rise in its consolidated net profit in March FY25 to ₹261.2 crores as against ₹215.5 crores in the previous quarter.
In Q4FY25, its revenue from operations stood at ₹3,409 crores, a 4.6% quarter-on-quarter jump from ₹3,250 crores in Q3FY25.
Coforge’s EBIT grew 21% quarter-on-quarter to ₹261.2 crores in the quarter under review from ₹215.5 crores in the December quarter of FY25. Its margin stood at 11.8% as against 9.8%.
As of 1:06 pm, Coforge shares were trading 1.09% higher at ₹1,718, outperforming the NIFTY Midcap 50 index, which was up 0.5%. The stock closed at ₹8,499 on Tuesday but opened at ₹1,719 on the NSE on Wednesday.
