Coforge shares jumped 9.9% in Wednesday’s session on the BSE, hitting the upper circuit at ₹7,924.50 per share, after the company’s board approved a stock split and acquisition.

At 9:26 AM, Coforge was up 7.16% at ₹7,720 per share, while the BSE Sensex slipped 0.32% to 73,225.36. The company’s market capitalization stood at ₹51,607.31 crore, with a 52-week high of ₹10,017.95 and a 52-week low of ₹4,291.05.

Coforge Stock Split Details 📢

The board has approved a 1:5 stock split, meaning each existing ₹10 face value share will be split into five shares of ₹2 face value, resulting in a total of 33.43 crore equity shares. The stock split is subject to shareholder approval.

“The alteration in the equity share capital of the company by sub-division/split of existing equity shares of face value of ₹10 each into 33,43,65,495 equity shares of face value of ₹2 each is subject to approval of the members of the company,” the filing stated.

Market Buzz: Coforge Rides High Amid Stock Split Excitement 📈

With investor sentiment surging, Coforge remains a hot pick in today’s session. Stay tuned for further market updates! 🔥