Sharekhan Suggests Mid Cap IT Stock To Buy For Rs 19/Share Dividend, 19% Return

Sharekhan by BNP Paribas has recommended investors to buy mid cap IT Software stock, Coforge Ltd with target price of Rs 4900 per share. Current market price of the stock is Rs 4102.45 per share on BSE and if you buy Coforge at this price, you can fetch potential return of 19%. The stock on April 27, 2023 declared fourth interim dividend of Rs 19 per share and set May 10, 2023 as the record date. Check
details below:

Coforge Declares 4th Interim Dividend: According to the BSE filing of the company, "In furtherance to our intimation dated April 27, 2023 regarding the declaration of financial results, please note that the Board has declared fourth interim dividend of Rs. 19/- (Rupees Nineteen only) per Equity Share of the Company the face value of Rs. 10/- each fully paid-up, for the financial year 2022-23 and May 10, 2023 has been fixed as Record date for the purpose of ascertaining the eligibility of shareholders for payment of interim Dividend."

Coforge Ltd Stock Performance & Return: The current market price of Coforge is Rs 4102.45 per share. Its 52-week high price is Rs 4512.70 per share and 52-week low price is Rs 3210.00 per share, respectively. The company has a market capitalisation of Rs 25,064.26 crore. The stock gave return of 10% in last 6-months, a little over 1% in last 1-year, 43% in last 2-years, and 247% in last 3-years. It jumped 299% in last 5-years.

Coforge Ltd About: Coforge is a global digital services and solutions provider, that enables its clients to transform at the intersect of domain expertise and emerging technologies to achieve real-world business impact. The firm has a presence in 21 countries with 25 delivery centers across nine countries. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration and Automation technologies to transform client businesses into intelligent, high growth enterprises, according to its official website.

Disclaimer:The stock has been picked from the brokerage report of Sharekhan by BNP Paribas. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.