A total of 9.77 lakh shares or 1.46% of Coforge’s equity worth ₹183.3 crore changed hands at ₹1,876.5 apiece.
The official buyers and sellers of the transaction are not yet known.
At the end of the March quarter, mutual funds held 36.92% stake in Coforge, while insurance companies held 12.25% stake and foreign portfolio investors in category 1 and 2 held 38.58% and 1.63%, respectively.
Coforge reported its fourth quarter results last month. Its consolidated net profit of ₹261.2 crore was below Street estimates of ₹285 crore.
The company’s rupee revenue of ₹3,409.9 crore was also below estimates of ₹3,530 crore.
However, the company’s earnings before interest and tax stood at ₹449.4 crore, ahead of the ₹448.3 crore estimate. Its operating margin too expanded to 13.2%, beating the forecast of 12.7%.
On a sequential basis, the company’s net profit increased 21.2% from ₹215.5 crore in the previous quarter, while rupee revenue was up 4.7% from ₹3,258.1 crore. Its EBIT increased 15.5% from ₹389.2 crore and margins expanded from 11.9% int eh previous quarter.
The board also declared its fourth interim dividend of ₹19 per equity shares for FY25.
Coforge shares were down 0.7% at ₹1,865.5 apiece at 9.40 am on Thursday, June 26. The stock has gained 10.3% in the past month.
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