Share Market Update: A slight recovery is being seen in the Indian stock market today. As of 12.35 pm on Thursday, Sensex is trading with a gain of 327.61 points at 76,729.17 points and Nifty is trading with a gain of 111.15 points at 23,266.50 points. The effect of the decline that started in the market after reaching lifetime high is still visible. After Donald Trump became President, there was a terrible decline in the Indian market. On January 21, Sensex closed at 75,838.36 points after falling by 1235.08 points and Nifty closed at 23,024.65 points after falling by 320.10 points.
Strong rise in shares of Coforge on Thursday
Even in this period of decline in the stock market, there are some stocks which do not seem to be making much difference. Shares of well-known IT company Coforge are rising at the speed of rocket today. As of 12.40 pm on Thursday, Coforge shares were trading at Rs 9253.65, up by Rs 1028.55 (12.51%). Not only this, during today’s trading the shares of the company had reached intraday high of Rs 9319.85. Let us tell you that the shares of the company, which closed at Rs 8225.10 on Wednesday, opened today with a bumper rise at Rs 8725.05. By the time the news was written, the company’s shares had reached an intraday low of Rs 8688.00.
Share price reached near 52 week high
With today’s rise, the company’s share price has reached very close to its 52 week high. The 52 week high of Coforge shares is Rs 10,017.95 and 52 week low is Rs 4291.05. According to BSE data, the current market cap of Coforge is Rs 61,933.52 crore. Let us tell you that this IT company has declared a dividend of Rs 19 on each share for its investors.
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