Coforge Share Price: On Friday, the shares of IT company Koforge saw a sharp decline. Shares of the company have seen a decline of 9.64 percent this morning. Coforge announced its quarterly results yesterday, Thursday. The company’s net profit declined in the final quarter of the last financial year. Let us tell you that this company has also announced to give dividend.
Shares of Koforge on Friday morning traded at Rs. 4505.25 per share, down 9.64 percent from Thursday’s close. However, after this huge decline, the company’s shares saw some recovery. The company’s intra-day high is Rs 4720.70 per share as of 9.48 am on BSE.
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By how much did net profit fall?
The company’s net profit for the March 2024 quarter was Rs 229.20 crore. The company’s net profit fell by 5.6 percent year-on-year. In the same quarter a year ago, Coforge’s net profit was Rs. 242.80 crores. Let us tell you that from January to March 2024, the company’s revenue has increased by 1.5 percent to Rs 2358.50 crore.
Company declares dividend (Coforge Dividend Record Date)
This IT company has announced dividend to the investors. The company has said that a dividend of Rs 19 per share will be distributed to eligible investors. The record date for this dividend is fixed on May 15, 2024.
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During the last one year, the performance of the company in the stock market has not been very encouraging. In the last one year, the company has returned 10.60 percent to investors. At the same time, this stock has fallen 9.6 percent in 6 months.