&w=3840&q=100)
Coforge rises 2% on ex-date for stock split; are investors still eligible?
Coforge stock split: Coforge shares gained 1.7 per cent in trade on Wednesday, June 4, 2025, logging a day's high at ₹1,730 per share on BSE. The buying on the counter came on ex-date for stock split.
In the past one year, Coforge shares have gained 72 per cent as compared to Sensex's rise of around 12 per cent.
At 10:23 AM, Coforge share price was trading 1.1 per cent higher at ₹1,718.65 per share on the BSE. In comparison, the BSE Sensex was up 0.18 per cent at 80,886.45. The market capitalisation of the company stood at ₹57,476.12 crore. The 52-week high of the stock was at ₹2,003.59 per share and the 52-week low of the stock was at ₹943.77 per share.
Coforge stock split details
The company's board in a meeting on May 5, 2025, considered and approved the stock split. The record date for the same was set as June 4, 2025.
"In terms of Regulations 42 of the SEBI Listing Regulations and all other applicable provisions, if any, we wish to inform that the Company has fixed Wednesday, June 04, 2025 as the 'Record Date' for determining the entitlement of Equity Shareholders for the purpose of Sub-Division/Split," the filing read.
What is the ex-date for stocks split?
The ex-date (or ex-split date) is the first day the stock trades at its new, split-adjusted price.
Are you eligilble for Coforge stock split benefit on ex-date?
Shareholders who buy on or after the ex-date are not eligible for the stock split. To receive the split shares, one must buy the stock at least one day before the ex-date, due to the T+1 settlement cycle in India.
What is stock split?
A stock split is a corporate action where a company increases the number of its outstanding shares by issuing more shares to existing shareholders — while reducing the face value (or price) of each share proportionally.
Importantly, it does not affect the total value of your investment — only the number of shares and the share price change.
About Coforge
Coforge is a global digital services and solutions provider that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. Coforge has 30 global delivery centers and is present in 23 countries.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
32 minutes ago
- Hindustan Times
RCB's parent company reacts to 'plans to sell' franchise after winning IPL
Rumours of the Royal Challengers Bengaluru (RCB) being on sale surfaced just days after the franchise claimed its maiden Indian Premier League (IPL) title after beating Punjab Kings in Ahmedabad. However, the owners, Diageo India, an Indian branch of UK-based Diageo Plc, categorically shut the rumours as they told the Bombay Stock Exchange (BSE) and BSE Surveillance Department on Tuesday that the reports were merely speculative in nature. Earlier, a Bloomberg report indicated that the British distiller has been in discussion with potential advisers on selling part or all of the club. Diageo owns the team through its Indian unit, United Spirits Ltd., and may seek a valuation of as much as $2 billion. However, the rumours were ended in a mail to the BSE, with Mital Sanghvi, the company secretary, informing the regulating body of the Indian Stock Market, "The company would like to clarify that the aforesaid media reports are speculative in nature and it is not pursuing any such discussion. This is for your information and records." Diageo is registered with the BSE and hence a mail was sent to the company as the rumours around the RCB had lifted the share price. Shares of United Spirits gained as much as 3.3%, to hit a five-month high, in Mumbai trading on Tuesday morning following the report on potential deal. The rumours emerged at a time when India's health ministry is keen on banning the promotion of tobacco and alcohol brands in the IPL. While advertisement of such products are strictly prohibited in India, Diageo have promoted other products such as soda using top cricketers. The discussions also emerged at a time when RCB found themselves in the midst of a controversy after the unfortunate incident outside the Chinnaswamy on June 4. The franchise had arranged a celebration in the city a day after the IPL win, which saw around 2.5 lakh fans gathering in and around the home stadium in Bengaluru. But all turned into a chaos as a stampede saw 11 people losing their lives, while 56 were left injured. The incident has drawn criticism from local authorities and increased scrutiny over event safety, adding pressure on the franchise's ownership as it faces reputational risks tied to the tragedy.
Time of India
an hour ago
- Time of India
Sustained capacity addition, PPA tie ups improve revenue visibility for Acme Solar
The stock of Acme Solar Holdings , a renewable energy producer, has gained 18% on bourses in a month following strong fourth quarter performance in terms of double digit revenue and profit growth and improved power generation. The company continues to expand the operational capacity of its projects, which is fully tied up to long term power purchase agreements (PPA) with central and state government agencies thereby offering revenue visibility. Analysts anticipate a strong revenue and profit growth annually between FY25 and FY28. The company builds, owns, and operates renewable energy projects in solar, wind, hybrid and firm and dispatchable renewable energy (FDRE) categories. FDRE offers firm power supply at higher capacity utilisation factor (CUF) compared with solar and wind projects. On June 10, Acme announced commissioning of 75 megawatts (MW) of renewable energy capacity at its project in Sikar, Rajasthan, which follows a 165 MW addition in May taking the commissioned capacity to 240 MW out of planned capacity of 300 MW. This has also enhanced its total operational capacity to 2,806 MW as of June 10, 2025 from 1,340 MW a year ago. It has another 4,164 MW of capacity at various stages of implementation, which is expected to be commissioned by FY28. In FY25, the company's power generation increased by 55.2% to 4,013 million units, driven by improved operational capacity and an increase in CUF to 25.6% in FY25 from 23.6% in the previous year. The company monetised 369 MW of assets in FY25. Excluding that, revenue grew by 32.3% year-on-year to Rs1,575 crore while net profit surged nearly four times to Rs 251 crore in FY25. Acme's asset base expanded by 36% to Rs15,507 crore while net worth grew by 74% to Rs4,509 crore, helped by an initial public offering (IPO) in November wherein it raised Rs 2,395 crore of fresh equity. The stock has been under pressure since its public listing on November 13, mostly trading below the offer price of Rs 289 given the hangover of additional stake sale by the promoter group to reduce its holding from 83.4% to 75% or below to abide by the regulatory requirement. 'Given the company's discernible execution performance and visibility on upcoming capacity, we estimate revenue and EBITDA to grow by 54% and 57% over FY25-28,' stated JM Financial Research in a report. It has a buy call on ths tock with a target price of Rs270. The stock was last traded at Rs252.8 on Tuesday on the BSE.
Economic Times
an hour ago
- Economic Times
US stocks muted at open as US-China trade talks in focus
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
