Midcap IT Stock To Consider Interim Dividend On July 20, Scrip Up 229.75% In 3 Years

Coforge Ltd. in an exchange filing on June 01, 2023, informed that in a meeting scheduled to be held on July 20, 2023, the Board of Directors will consider the proposal of the payments of Interim Dividend for the financial year 2023-24. In addition, the Board will also determine the Record Date for the purpose of the Interim Dividend, if approved.

Coforge is an IT services company providing end-to-end software solutions and services. It is a midcap company having a market capitalisation of Rs 38,619.55 Crore.

Board Meeting to be held on July 20, 2023

In an exchange filing, the Board of directors of Coforge Ltd. said, "The meeting of Board of Directors of the Company is scheduled to be held on Thursday, July 20, 2023, inter alia, to consider and approve the un-audited consolidated and standalone financial results of the Company for the quarter ended June 30, 2023. The Board of Directors will also be considering the proposal of the payment of Interim Dividend, if any, for the Financial Year 2023-24 and will determine the Record date for the purpose of the Interim Dividend, if approved."

Stock Outlook

The stock of Coforge last traded on BSE at Rs 4684.30/share, 0.57% down from its previous close. The stock traded its 52-week high on Jun 30, 2023, at Rs 4755/share and 52-week low on Sep 19, 2022, at Rs 3210/share.

The stock jumped 1.55% in the last 1 week. It gave 21.71% positive return in the last 3 months. In the last 1 year, it gave 34.39% positive return. In the last 3 years, it gave 229.75% positive return. In the last 5 years, it gave 321.40% positive return.

Disclaimer

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