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Coforge Shares Rally as 1:5 Stock Split Triggers 80% Drop Illusion

The firm executed the split after reporting a 34% year-on-year profit rise to enhance stock liquidity

A green upward-pointing arrow indicating a 1.45% rise next to the Coforge Ltd. stock | Image: Republic
Coforge shares showing up to 80% fall in some app today; Here's why

Overview

  • Coforge shares began trading ex-split on June 4 after a 1:5 subdivision reduced the face value from Rs 10 to Rs 2, marking its first split since the 2004 IPO.
  • Several trading platforms recalibrated prices to show an apparent 80% decline, but the stock actually opened up nearly 2% as markets absorbed the adjustment.
  • Investors needed to hold shares by the June 3 record date under the T+1 settlement cycle to qualify for the split benefits.
  • For the March 2025 quarter, consolidated net profit climbed 34% year-on-year to Rs 261.2 crore, driven by stronger operating performance.
  • Revenue of Rs 3,409.9 crore fell slightly short of forecasts and the operating margin was 13.2%, and the board declared an interim dividend of Rs 19 per share.