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Promoters held 74.36 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 16.46 per cent and 2.63 per cent, respectively.

The company had registered a profit after tax of Rs 1,360 crore for the same period a year ago.

“Something more needs to be done to prop up consumption which is a bit fragile so that we can go back on track to a 9-9.5% growth for the next few years.”

A total of 58,122 shares changed hands on the counter till 10:30AM (IST)

The homegrown digital mapping firm reported a decline of about 14 per cent in its consolidated profit after tax (PAT) at Rs 18.5 crore for the quarter ended December 2021. The company that operates under the brand name of MapmyIndia, had registered a consolidated PAT of Rs 21.59 crore in the same period a year ago.

Coforge Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 28808.55 Crore) operating in IT Software sector.

On the technical charts, the 200-day moving average of the stock stood at Rs 2394.93.

The stock quoted a 52-week high price of Rs 1696.15 and a 52-week low of Rs 1097.8.

The issue was subscribed 65 per cent by 10.25 am on Day 2. It saw applications for 7,94,12,905 shares so far against the total issue size of 12,25,46,150 shares. The IPO is entirely a fresh issue.

Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. Brent crude futures climbed 49 cents, or 0.6%, to $89.83 a barrel at 0310 GMT, after falling 62 cents during the previous day. However, prices did reach $91.04 earlier in that session, the highest since October 2014.