off-the-wire

BUZZ-India's Coforge sees worst day in 8 mths on block deals

Kitco Media
By Reuters
Published:
Updated:
Reuters

** Shares of IT services provider Coforge Ltd fall as much as 6.86% to 4037 rupees - steepest intraday slide since May 25, 2022
** Co posts lowest level since Jan. 19, 2023
** More than 6 mln shares change hands in one block deal at 09:07 a.m. IST, at 4,050 rupees apiece


** More than 6.85 mln shares traded as of 09:30 a.m. IST, 15.5 times their 30-day moving avg 442, 896 shares
** Co sees heaviest trading day since Aug. 8, 2021


** Sixteen of 23 brokerages rate the stock "buy" or higher, 3 "hold" and 4 "sell" or lower; their median PT is 4,490 rupees - Refinitiv data


** Stock slumped 34.06% in 2022
(Reporting by Hritam Mukherjee in Bengaluru)

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