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Coforge Ltd dropped for a fifth straight session today. The stock is quoting at Rs 7490.95, down 0.69% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.37% on the day, quoting at 23906.15. The Sensex is at 78483.58, down 0.38%.Coforge Ltd has added around 3.92% in last one month.Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has eased around 4.51% in last one month and is currently quoting at 40421.8, down 0.33% on the day. The volume in the stock stood at 1.09 lakh shares today, compared to the daily average of 6.41 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 7545, down 0.52% on the day. Coforge Ltd jumped 46.44% in last one year as compared to a 23.15% rally in NIFTY and a 30.07% spurt in the Nifty IT index. The PE of the stock is 49.59 based on TTM earnings ending September 24.
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