Coforge recognised as a market leader in travel, hospitality and logistics service providers in 2023

Today, the shares of Coforge closed at Rs 5226.90, up by 1.08% from its previous closing of Rs 5171.20 on the BSE.

Coforge has been recognized by HFS Research in Horizon 3- ‘Market Leader’ in the Horizons Report on Travel, Hospitality, and Logistics (THL) Service Providers, 2023. This acknowledgment underscores Coforge’s unwavering commitment to delivering transformative solutions that empower clients to excel in the dynamic THL landscape.

The Travel, Hospitality, and Logistics Service Providers, 2023 report from HFS Research evaluates the state of the THL industries and analyses how service providers contribute to the digital transformation of sub-industries such as airlines, airports, hotels, casinos, and more. The report includes detailed profiles of each service provider, providing insights into their Horizons placement basis research and validated facts, as well as showcasing the service provider’s strengths and development opportunities.

The company holds a compelling edge in the THL sector, attributed to its robust digital, data solutions, and product engineering, particularly emphasizing eCommerce, automation, and enhancing customer experiences. The report also highlights the firm’s wealth of expertise in air cargo, ground handling, and successful migration and implementation of passenger service systems.

Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at the intersection of unparalleled domain expertise and emerging technologies to achieve real-world business impact.

On Tuesday, the stock opened at Rs 5180.40 and touched a high and low of Rs 5271, and Rs 5087.25 respectively.

The BSE group ‘A’ stock of face value of Rs 10 has touched a 52-week high and low of Rs 5420 and Rs 3210, respectively. Last one week high and low of the scrip stood at Rs 5403.85 and Rs 4710, respectively. The current market cap of the company is Rs 31,928.54 crore.

The promoters holding in the company stood at 26.63%, while Institutions and Non-Institutions held 61.98% and 11.39% respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.