Coforge Ltd. Shares Witness Significant Block Trades on NSE
By ScanX News Team
Two large block trades of Coforge Ltd. shares were reported on the NSE. The first involved 909,165 shares at Rs. 1,843.00 per share, totaling Rs. 167.56 crores. The second saw 603,972 shares traded at Rs. 1,842.50 per share, amounting to Rs. 111.28 crores. These trades, collectively worth over Rs. 278.84 crores, indicate substantial investor interest in the global IT solutions organization.
*this image is generated using AI for illustrative purposes only.
Coforge Ltd. , a leading global IT solutions organization, saw substantial market activity as two significant block trades were reported on the National Stock Exchange (NSE) on Tuesday.
Block Trade Details
The trading session witnessed two large transactions involving Coforge shares:
The first block trade involved approximately 909,165 shares changing hands at a price of Rs. 1,843.00 per share. This transaction amounted to a total value of Rs. 167.56 crores.
The second block trade saw about 603,972 shares being traded at Rs. 1,842.50 per share, totaling Rs. 111.28 crores.
Market Impact
These substantial block trades, collectively worth over Rs. 278.84 crores, indicate significant investor interest in Coforge Ltd. Such large-scale transactions often attract market attention and can potentially influence the stock's trading pattern.
Block trades of this magnitude are typically executed off the regular market to minimize their impact on the stock price. They are often associated with institutional investors or large shareholders adjusting their positions.
About Coforge Ltd.
Coforge Limited, formerly known as NIIT Technologies, is a global digital services and solutions provider. The company offers a wide range of services including application development and maintenance, infrastructure management, and business process solutions to organizations in various sectors such as financial services, travel and transportation, and insurance.
Investors and market analysts will likely keep a close watch on Coforge's stock performance in the coming days to gauge any potential impact of these block trades on the company's market valuation and trading volumes.
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