First-Ever Stock Split: This Multibagger Mid-Cap IT Stock to Announce Stock Split Soon – Watch Out!
Keep an eye on this IT stock in the coming week!
In the past week, the NSE benchmark Nifty50 index experienced its sharpest weekly decline of CY2025, closing 2.94% lower at 22,150. Over the last eight weeks, the index has ended in the red for six weeks.
The upcoming week promises to be interesting, with one of the key market developments being a stock split announcement.
Coforge Ltd., a Mid-Cap IT company, is set to announce its first-ever stock split. The company's Board of Directors is scheduled to meet on Tuesday, March 4, 2025, to consider a sub-division/split of existing equity shares with a face value of Rs 10 each. The decision will be subject to shareholder approval.
Coforge has been a multibagger, delivering an impressive return of over 900 per cent from its COVID lows.
Keep an eye on this IT stock in the coming week!
Disclaimer: This article is for informational purposes only and should not be considered investment advice.