Coforge zooms on inking pact with Sabre Corporation
Coforge is currently trading at Rs. 7864.70, up by 660.60 points or 9.17% from its previous closing of Rs. 7204.10 on the BSE.
The scrip opened at Rs. 7474.05 and has touched a high and low of Rs. 7924.50 and Rs. 7474.05 respectively. So far 63082 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10017.95 on 30-Dec-2024 and a 52 week low of Rs. 4291.05 on 09-May-2024.
Last one week high and low of the scrip stood at Rs. 7998.25 and Rs. 7105.95 respectively. The current market cap of the company is Rs. 52542.53 crore.
The Institutions and Non-Institutions held 90.41% and 9.59% stake in the company respectively.
Coforge and Sabre Corporation, a leading global travel technology company, have entered into a new agreement that will strengthen their long-standing partnership to supercharge Sabre’s product roadmap. This multi-year agreement positions Coforge as a key partner in furthering Sabre’s ability to accelerate product delivery and launch additional innovative AI-enabled solutions, further underscoring the company’s commitment to speed and scale.
Sabre Corporation’s future-forward technology and disruptive approach to the market, coupled with Coforge’s scale and expertise, seeks to become a driving force in modernizing the travel industry as a whole - leading a new standard for the pace of change. This 13-year partnership contract is valued at around $1.56 billion.
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.
