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Coforge, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 26725.60 Crore) operating in IT Software sector.

The brokerage believe that 30% earnings CAGR over FY23-25E, strong return ratios (RoE of 22%, ROCE of 26% and RoIC of 31% in FY25E), and healthy balance sheet will help KJC maintain premium multiples.

The stock traded at a P/E multiple of 64.43, while the price-to-book value ratio stood at 3.37.

As per the latest corporate shareholdings filed, Shankar Sharma publicly holds seven stocks with a net worth of over Rs 58.2 crore.

As of 31-Mar-2023, promoters held 51.46 per cent stake in the company, while FIIs held 12.35 per cent and domestic institutional investors had 3.68 per cent.

A total of 26,869 shares changed hands on the counter till 10:46AM (IST).

I think pharma has multiple legs so one part of pharma which has sort of consumer kind of characteristics and the second kind of pharma is which have commodity kind of characteristics.

The Indian stock market has been on a tear in recent months, despite a number of negative news flows, such as the crisis in Europe, rising inflation, and concerns about a global economic slowdown.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Identical Three Crows is a three-day pattern in which there are 3 candlesticks in a downward pattern, with each candlestick opening at the close of the previous candlestick in an upward trend.​