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Time of India
a day ago
- Business
- Time of India
Coforge shares climb 2% as stock trades ex-split for the first time
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Coforge climbed as much as 1.8% on Wednesday to Rs 1,730 on the BSE as the stock began trading on an ex-split basis, following the company's first-ever share split in a 1:5 company had fixed June 4, 2025, as the record date to determine shareholders eligible to receive the subdivided equity shares. Under the terms of the corporate action, each existing equity share of face value Rs 10 has been split into five equity shares of face value Rs 2 each."Trading on an ex-split basis means that from June 4 onward, the share price will reflect the adjusted value post-split, and any investor buying the stock from that day will not be entitled to the benefit of the split," the company explained in a filing. "Only those holding the stock as per the records on the record date will receive the subdivided shares."The stock split does not impact Coforge's market capitalisation but increases the number of outstanding shares fivefold, a move typically aimed at enhancing market qualify for the split under India's T+1 settlement cycle, investors had to purchase shares at least one trading day prior to the record date. Buying on the record date itself would not ensure eligibility, as ownership would not reflect in the records in to data from Trendlyne, this marks the first time Coforge has undertaken a share split since its reported a 17% year-on-year (YoY) rise in consolidated profit after tax to Rs 261 crore for the quarter ended March 2025, compared to Rs 223.7 crore in the same period a year from operations jumped 47% YoY to Rs 3,409.9 crore. In constant currency terms, revenue grew 43.8% YoY, while in USD terms, it rose 43.6%.The company highlighted a record quarter for large deal closures, signing five major contracts with a total contract value (TCV) of $1.56 billion. The executable order book over the next twelve months stood at $1.5 billion, marking a 47.7% YoY and 10.3% sequential the earnings, the board of Coforge also declared a fourth interim dividend of Rs 19 per equity share.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
a day ago
- Business
- Economic Times
Coforge shares climb 2% as stock trades ex-split for the first time
Shares of Coforge climbed as much as 1.8% on Wednesday to Rs 1,730 on the BSE as the stock began trading on an ex-split basis, following the company's first-ever share split in a 1:5 ratio. ADVERTISEMENT The company had fixed June 4, 2025, as the record date to determine shareholders eligible to receive the subdivided equity shares. Under the terms of the corporate action, each existing equity share of face value Rs 10 has been split into five equity shares of face value Rs 2 each. "Trading on an ex-split basis means that from June 4 onward, the share price will reflect the adjusted value post-split, and any investor buying the stock from that day will not be entitled to the benefit of the split," the company explained in a filing. "Only those holding the stock as per the records on the record date will receive the subdivided shares." The stock split does not impact Coforge's market capitalisation but increases the number of outstanding shares fivefold, a move typically aimed at enhancing market qualify for the split under India's T+1 settlement cycle, investors had to purchase shares at least one trading day prior to the record date. Buying on the record date itself would not ensure eligibility, as ownership would not reflect in the records in to data from Trendlyne, this marks the first time Coforge has undertaken a share split since its listing. ADVERTISEMENT Coforge reported a 17% year-on-year (YoY) rise in consolidated profit after tax to Rs 261 crore for the quarter ended March 2025, compared to Rs 223.7 crore in the same period a year earlier. Revenue from operations jumped 47% YoY to Rs 3,409.9 crore. In constant currency terms, revenue grew 43.8% YoY, while in USD terms, it rose 43.6%. ADVERTISEMENT The company highlighted a record quarter for large deal closures, signing five major contracts with a total contract value (TCV) of $1.56 billion. The executable order book over the next twelve months stood at $1.5 billion, marking a 47.7% YoY and 10.3% sequential the earnings, the board of Coforge also declared a fourth interim dividend of Rs 19 per equity share. ADVERTISEMENT Also read | Coforge shares go ex-split tomorrow, last day to buy for 1:5 stock split eligibility (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Business
- Time of India
This SME multibagger backed by Vijay Kedia's double-digit stake has soared 195% in just one year
Veteran investor Vijay Kedia 's portfolio stock, Tac Infosec , has delivered multibagger returns of 195% over the past year. However, the SME cybersecurity firm's stock has slipped nearly 9% year-to-date. Kedia holds a significant 14.6% stake in the company, one of only three stocks in his portfolio with a double-digit holding. The other two counters are Atul Auto and Innovators Facade Systems , in which the ace investor has 20.9% and 10.7% holdings. The recent correction in this counter has brought Tac Infosec below its 50-day simple moving average (SMA) of Rs 1,220, though it is still trading above its 200-day SMA of Rs 1,052, according to Trendlyne data. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The stock has traded with relative stability for the past year, with a 1-year beta of 0.8. The stock was listed on the NSE on April 5, 2024. Tac Infosec stock closed at ₹1,200 on the NSE on Tuesday, down Rs 22.50 or 1.84% from its previous day's close. Kedia's portfolio is among the most followed among ace investors on the D-Street. He began investing in the stock market at the age of 19 and started Kedia Securities in 1992, when he was 33. As per the latest corporate shareholdings data compiled by Trendlyne, Kedia publicly holds 15 stocks with a net worth of over Rs 1,438.4 crore. Also Read: Private lenders disappoint in Q4FY25, but small and PSU banks impress. HDFC Bank, SBI among 16 stocks to buy Among other stocks in his portfolio are Sudarshan Chemical , Global Vectra , Tejas Networks , Precision Camshafts , Elecon Engineering , Mahindra Resorts, Neuland Laboratories , Siyaram Silk Mills and Affordable Robotic . Vijay Kedia follows an investment philosophy focused on identifying companies with strong management and holding them for 10–15 years. He adopts the SMILE approach—investing in businesses that are Small in size, Medium in experience, Large in aspiration, and Extra-large in market potential. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
a day ago
- Business
- Economic Times
This SME multibagger backed by Vijay Kedia's double-digit stake has soared 195% in just one year
Veteran investor Vijay Kedia's portfolio stock, Tac Infosec, has delivered multibagger returns of 195% over the past year. However, the SME cybersecurity firm's stock has slipped nearly 9% year-to-date. Kedia holds a significant 14.6% stake in the company, one of only three stocks in his portfolio with a double-digit holding. ADVERTISEMENT The other two counters are Atul Auto and Innovators Facade Systems, in which the ace investor has 20.9% and 10.7% holdings. The recent correction in this counter has brought Tac Infosec below its 50-day simple moving average (SMA) of Rs 1,220, though it is still trading above its 200-day SMA of Rs 1,052, according to Trendlyne data. The stock has traded with relative stability for the past year, with a 1-year beta of stock was listed on the NSE on April 5, Infosec stock closed at ₹1,200 on the NSE on Tuesday, down Rs 22.50 or 1.84% from its previous day's close. ADVERTISEMENT Kedia's portfolio is among the most followed among ace investors on the D-Street. He began investing in the stock market at the age of 19 and started Kedia Securities in 1992, when he was 33. As per the latest corporate shareholdings data compiled by Trendlyne, Kedia publicly holds 15 stocks with a net worth of over Rs 1,438.4 crore. ADVERTISEMENT Also Read: Private lenders disappoint in Q4FY25, but small and PSU banks impress. HDFC Bank, SBI among 16 stocks to buy Among other stocks in his portfolio are Sudarshan Chemical, Global Vectra, Tejas Networks, Precision Camshafts, Elecon Engineering, Mahindra Resorts, Neuland Laboratories, Siyaram Silk Mills and Affordable Robotic. ADVERTISEMENT Vijay Kedia follows an investment philosophy focused on identifying companies with strong management and holding them for 10–15 years. He adopts the SMILE approach—investing in businesses that are Small in size, Medium in experience, Large in aspiration, and Extra-large in market potential. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
2 days ago
- Business
- Economic Times
Coforge shares go ex-split tomorrow, last day to buy for 1:5 stock split eligibility
In a previous official exchange filing, the company stated that the company will sub-divide its existing equity shares in the ratio of 1:5. Coforge will split its shares. Trading will begin on an ex-split basis from June 4, 2025. June 3 is the last day to purchase shares to be eligible for the 1:5 stock split. Shareholders as of the record date will receive subdivided shares. This is Coforge's first stock split. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Coforge stock split history Shares of Coforge will begin trading on an ex-split basis from Wednesday, June 4, 2025, as the company had earlier announced that June 4 would be the record date for determining the eligibility of shareholders entitled to receive the subdivided equity shares in 1:5 today, June 3, becomes the last day for investors to purchase shares of Coforge in order to be eligible for the stock split. Only shareholders whose names appear in the company's records as of the record date will receive the benefit of the subdivided a previous official exchange filing, the company stated that the company will sub-divide its existing equity shares in the ratio of 1:5. This means that each existing equity share with a face value of Rs 10 will be split into five equity shares with a face value of Rs 2 record date is the cut-off date to determine which shareholders are entitled to receive the corporate benefit, in this case, the stock split. Shareholders who hold Coforge shares as of the end of the trading day on June 4, 2025, will be eligible for the on an ex-split basis means that from June 4 onward, the share price will reflect the adjusted value post-split, and any investor buying the stock from that day will not be entitled to the benefit of the split. Only those holding the stock as per the records on the record date will receive the subdivided splits are corporate actions that increase the number of shares outstanding while reducing the face value per share, with no change to the company's overall market capitalization. These actions are undertaken by companies for a variety of structural and market-related reasons, but the entitlement is strictly governed by the record date fixed by the to Trendlyne data, this is the first-ever instance of Coforge splitting its Monday, the shares of Coforge closed flat with a positive bias at Rs 8,600 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
