Coforge rises on entering into partnership with Estes Express Lines
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Coforge is currently trading at Rs. 3416.15, up by 37.45 points or 1.11% from its previous closing of Rs. 3378.70 on the BSE.
The scrip opened at Rs. 3383.15 and has touched a high and low of Rs. 3421.55 and Rs. 3340.00 respectively. So far 7795 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3224.45 on 15-Jun-2022.
Last one week high and low of the scrip stood at Rs. 3469.05 and Rs. 3224.45 respectively. The current market cap of the company is Rs. 20552.13 crore.
The promoters holding in the company stood at 40.09%, while Institutions and Non-Institutions held 48.08% and 11.83% respectively.
Coforge has entered into partnership with Estes Express Lines (Estes), the largest privately held freight carrier in North America. With this partnership, Coforge will bring agile, next-generation solutions to the transportation & logistics industry. The go-to-market launch will initially focus on a platform-powered application specifically created to address multi-dimension pricing plans required to generate the optimal freight rates for shippers and brokers who depend on carriers like Estes to move freight of all kinds around the world.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
