Coforge Q3 Results 2024, Coforge stock trading at al time high of 6000 per share. From last 4-5 months stock gave 85 % returns. Due to global market recovery and india post strong GDP growth that’s why IT companies in focus again.
Wipro also give breakout from it’s resistance level of 430 last yesterday. Coforge is india’s 9th IT company with more than 35 K in market value currently.
Stock need to take some rest before making new high because stock can’t go in one direction if coforge consolidate in 4,800 to 5,600 range then after results stock make new high again.
From last 2 quarters coforge miss brokerage expectations about quarterly results but brokerage suggest this 3rd quarter coforge will surpass their estimates.
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In april quarter standalone revenue surge but net profit was down by 55% on quarterly basis. In june quarter both net profit and revenue was down by higher percentage.
Coforge Q3 Results Date 2024
Board of Directors of the Company is scheduled to be held on Thursday, October 19, 2023, interalia, to consider and approve the un-audited consolidated and standalone financial results of the Company for thequarter & half year ended September 30, 2023.
The Board of Directors will also be considering the proposal of thepayment of Interim Dividend, if any, for the Financial Year 2023-24 and will determine the Record date for thepurpose of the Interim Dividend, if approved.