Coforge Ltd rose for a third straight session today. The stock is quoting at Rs 3867, up 1.88% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 2.01% on the day, quoting at 16160.4. The Sensex is at 53995.88, up 1.93%. Coforge Ltd has dropped around 5.03% in last one month. Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has dropped around 8.75% in last one month and is currently quoting at 29403.5, up 1.73% on the day. The volume in the stock stood at 1.19 lakh shares today, compared to the daily average of 3.78 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 3858.1, up 1.75% on the day. Coforge Ltd is up 12.73% in last one year as compared to a 6.97% gain in NIFTY and a 15.23% gain in the Nifty IT index. The PE of the stock is 35.86 based on TTM earnings ending March 22.
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