Coforge rises on securing $158 million contract from UK based client
The company shall provide services effective April 2026
Coforge is currently trading at Rs. 1215.50, up by 7.85 points or 0.65% from its previous closing of Rs. 1207.65 on the BSE.
The scrip opened at Rs. 1225.10 and has touched a high and low of Rs. 1266.60 and Rs. 1210.65 respectively. So far 264034 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1994.00 on 08-Jul-2025 and a 52 week low of Rs. 1190.84 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1418.05 and Rs. 1199.45 respectively. The current market cap of the company is Rs. 40887.03 crore.
The Institutions holding in the company stood at 88.20%, while Non-Institutions held 11.80% in the company.
Coforge has been awarded a $158 million five-year contract by a UK based client. The company shall provide services effective April 2026. Revenue accrual under the contract will be evenly spread over five years. The company is eyeing material expansion of ancillary revenue around this core contract over the next five years from the same client.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.

