Shares of IT sector firm Coforge Ltd rose nearly 4% in early deals on Tuesday after global brokerage CLSA initiated coverage on the stock with an 'outperform' rating. CLSA assigned a price target of Rs 2,346 on Coforge stock,a potential upside of 52% from Monday's close of Rs 1548.90. Advertisement

Coforge shares rose 3.84% to Rs 1608.50 in the current session. Market cap of the IT firm rose to Rs 53,451 crore.

A total of 1.01 lakh shares of the firm changed hands amounting to a turnover of Rs 15.98 crore. Shares of Coforge fell to a 52 week low of Rs 1190.84 on April 7, 2025 and rose to a 52 week high of Rs 2003.59 on December 30, 2024.

The IT stock is down 17% in 2025 but gained 14% in a year.

The IT stock is neither overbought nor oversold on charts with a RSI of 32.1. Coforge shar

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