Coforge is currently trading at Rs. 4684.85, up by 70.05 points or 1.52% from its previous closing of Rs. 4614.80 on the BSE.
The scrip opened at Rs. 4674.95 and has touched a high and low of Rs. 4709.95 and Rs. 4590.00 respectively. So far 15436 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 6840.00 on 19-Feb-2024 and a 52 week low of Rs. 4,134.20 on 17-May-2023.
Last one week high and low of the scrip stood at Rs. 4709.95 and Rs. 4301.30 respectively. The current market cap of the company is Rs. 29021.56 crore.
The Institutions and Non-Institutions held 89.30% and 10.70% stake in the company respectively.
Coforge has entered into strategic partnership with Fiorano to introduce ISO 20022 Compliance as a Service (ICaaS). As of March 2023, ISO 20022 has been live on the SWIFT cross-border payments network. Multiple domestic market infrastructures are also making substantial progress towards the complete adoption of this new payments message standard by the end of 2025. The migration is not just a step towards enhanced efficiency but a foundational pillar in the burgeoning world of digital currencies.
However, migrating to ISO 20022’s unique requirements can be complex. The ICaaS offering from Coforge & Fiorano is a comprehensive solution designed to streamline the migration process to ISO 20022 compliance, providing those organizations impacted, with a seamless and cost-effective transition.
The comprehensive, end-to-end ISO 20022 Compliance as a Service (ICaaS) solution covers crucial elements including ISO 20022 Process Consulting, Translation, Structured Data, Data Truncation Management, and Quality Assurance, ensuring a seamless and cost-effective transition for financial institutions at any stage of their migration journey. The services offered by ICaaS include specialized SWIFT-focused consulting, advanced migration tools, ISO 20022 data products, and robust end-to-end testing services, tailored to meet the unique needs of each institution.
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.