Coforge Announces First-Ever Stock Split

Technology services provider Coforge has announced its decision to implement a stock split, following approval from its board.

Coforge Stock Split Details

As per the proposal, one equity share with a face value of ₹10 will be split into five equity shares, each carrying a face value of ₹2. This marks the first-ever stock split undertaken by the company.

The stock split remains subject to shareholder approval, and the record date for the same will be communicated in due course, the company stated in its exchange filing. The entire process, including the credit of new shares into shareholders’ demat accounts, is expected to be completed over the next three months.

Increase in Outstanding Shares

Following the stock split, the total number of outstanding shares of Coforge will increase from 6.68 crore to 33.43 crore. The move is aimed at enhancing liquidity and making the stock more accessible to retail investors.

How Much Extra Shares Will Investors Get?

Currently, Coforge shares trade at ₹7,215. If the stock remains at this price on the record date of the split, the adjusted price post-split will be ₹1,443 per share.

An investor holding 100 shares before the split will have 500 shares after the split at the new adjusted price. However, the actual share price on the record date may vary.

Stock Performance 

On March 04, 2025, Coforge share price ended 2.07% lower at ₹7,204.10. Coforge’s share price reached a 52-week high of ₹10,017.95 on December 30, 2024, and a 52-week low of ₹4,291.05 on May 09, 2024. As per BSE, the total traded volume for the stock stood at 6,802 shares with a turnover of ₹4.93 crore.

At the current price, Coforge shares are trading at a price-to-earnings (P/E) ratio of 67.77x, based on its trailing 12-month earnings per share (EPS) of ₹106.30, and a price-to-book (P/B) ratio of 8.61, according to exchange data.

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