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Coforge Trades Ex-Split; Stock Opens 80% Lower Due to Technical Adjustment

OutlookIndia

OutlookIndia · 2m ago

Coforge Trades Ex-Split; Stock Opens 80% Lower Due to Technical Adjustment

Coforge experienced a technical adjustment as its stock started trading ex-split, following a 1:5 stock split. This led to a recalibration of its price from Rs 8,499 to Rs 1,719. Despite certain trading platforms erroneously showing an 80% price drop, the stock rose 0.6% intraday. The stock split aims to enhance liquidity and affordability, without affecting market capitalization. Coforge recently reported a 34% profit rise and declared an interim dividend of Rs 19 per share.

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Wall Street Is Perplexed by Fed’s Motivation to Tweak Key Tool

Livemint

Livemint · 8m ago

Wall Street Is Perplexed by Fed’s Motivation to Tweak Key Tool

The Federal Reserve is expected to lower the rate on its overnight reverse repo facility (RRP) by 5 basis points, according to analysts. This move comes after policymakers suggested a "technical adjustment" to align the RRP rate with the bottom of the target range for the federal funds rate. While some see this as a purely technical adjustment, others question the timing and necessity of the move, considering the significant amount of cash parked at the RRP. The RRP rate reduction could impact money market rates and the funds held at the facility.

Bajaj Finance bonus, split issue: How F&O contracts will get adjusted

Economic Times

Economic Times · 1m ago

Bajaj Finance bonus, split issue: How F&O contracts will get adjusted

Bajaj Finance is undergoing a stock split and bonus issue, leading the National Stock Exchange (NSE) to adjust Futures and Options contracts starting June 16, 2025. The company is issuing four bonus shares per share and splitting each share at Rs 2 face value into two. As a result, each existing share will become ten. NSE's adjustment factor is 10 to maintain contract value stability. Futures and options have adjusted prices and lot sizes accordingly.

Gensol Engineering shares' southward journey continues; hit another lower circuit level

YourStory

YourStory · 3m ago

Gensol Engineering shares' southward journey continues; hit another lower circuit level

Shares of Gensol Engineering fell by 5%, hitting the lower circuit limit due to an ongoing crisis involving the company. SEBI barred Anmol and Puneet Singh Jaggi from accessing securities markets over fund misappropriation accusations. Concerns over governance and misconduct have affected investor confidence, causing the stock to plummet by 91% from its 52-week high. The Corporate Affairs Ministry plans further action pending SEBI's order examination, impacting the company’s planned stock split.

Bajaj Finance Shares Down 90%? Here’s Why It’s Not a Real Crash

OutlookIndia

OutlookIndia · 1m ago

Bajaj Finance Shares Down 90%? Here’s Why It’s Not a Real Crash

Shares of Bajaj Finance appeared to drop 90% due to technical adjustments, including a 4:1 bonus issue and a 1:2 stock split. Consequently, while the share price decreased, it reflects a broader share base rather than an actual loss in value. Investors will see their shares multiply in number, with the overall investment value remaining unchanged after adjustments. The company is poised for growth as borrowing costs decrease and consumer spending potentially increases.

Coforge Q4 results: Net profit rises 95% at ₹224 crore

Livemint

Livemint · 1y ago

Coforge Q4 results: Net profit rises 95% at ₹224 crore

Indian IT company Coforge reported slightly lower than expected fourth-quarter revenue due to weak tech spending from clients. The company's consolidated revenue rose by 8.7% YoY to INR 23.59 billion, falling short of analysts' estimates. However, net profit surged by 95% to INR 2.24 billion. Coforge also revealed plans to acquire up to a 54% stake in Cigniti Technologies and aims to grow revenue to $2 billion by fiscal 2027 while improving operating margin by 150–250 basis points in the same period.

Trade Spotlight: How should you trade SJVN, Apollo Hospitals, Ircon, Coforge, MIDHANI, and others on Monday?

Money Control

Money Control · 1y ago

Trade Spotlight: How should you trade SJVN, Apollo Hospitals, Ircon, Coforge, MIDHANI, and others on Monday?

Stock market indices showed a recovery, with the Nifty 50 gaining over 150 points. Analysts have suggested some trading ideas for the near term, including buying Aarti Industries, Mishra Dhatu Nigam, New India Assurance Company, Coforge, Ircon International, Apollo Hospitals Enterprise, Nuvoco Vistas Corporation, Jyothy Labs, Hindustan Copper, and SJVN. These stocks have shown positive technical indicators and potential for upside growth. Traders are advised to set stop-loss levels to manage risk.

BEL’s ₹1.50 dividend, IOL’s stock split, HUDCO’s payout: Key ex-dates to track this week

Business Today

Business Today · 5m ago

BEL’s ₹1.50 dividend, IOL’s stock split, HUDCO’s payout: Key ex-dates to track this week

This week, Bharat Electronics Limited announced a ₹1.50 interim dividend with a record date of March 11, 2025. IOL Chemicals & Pharmaceuticals is undergoing a 1:5 stock split, effective March 11, 2025. HUDCO will hold a board meeting on March 10, 2025, to discuss a second interim dividend. SBC Exports Ltd, Vipul Organics Ltd, and A B Infrabuild Ltd have upcoming ex-dates for bonus and rights issues, while several companies like Brisk Technovision Ltd are declaring dividends or stock splits.

Zerodha demat account holders hit with another technical glitch

Economic Times

Economic Times · 1y ago

Zerodha demat account holders hit with another technical glitch

Zerodha, a stock broking firm in India, has been hit by another technical glitch on its trading platform, Kite. Traders reported that the pages displaying their order book and positions were blank, preventing them from exiting positions and resulting in losses. This comes after a previous issue with incorrect pricing and circuit limits. The increasing reliance on technology in the securities market has led to more instances of glitches and disruptions in trading services. The National Stock Exchange has introduced a platform for traders to settle their trades in case of disruptions.

Aditya Birla Fashion Shares Dips 66%, but Don’t Panic—It’s Just the Demerger Math

OutlookIndia

OutlookIndia · 2m ago

Aditya Birla Fashion Shares Dips 66%, but Don’t Panic—It’s Just the Demerger Math

Shares of Aditya Birla Fashion Retail fell over 66% due to adjusting for the demerger of its Madura Fashion and Lifestyle business into a new entity, Aditya Birla Lifestyle Brands. This steep decline is a technical adjustment reflecting the separation of the businesses. Shareholders will receive one share in Aditya Birla Lifestyle for every share held in Aditya Birla Fashion. The demerger is intended to reallocate debt and focus different brand portfolios under each entity.

Apple ex-lawyer ordered to pay $1.15 million SEC fine for insider trading

Economic Times

Economic Times · 1y ago

Apple ex-lawyer ordered to pay $1.15 million SEC fine for insider trading

Former Apple lawyer, Gene Levoff, who pleaded guilty to insider trading, has been ordered by a federal judge to pay a $1.15 million fine in a related civil case brought by the US Securities and Exchange Commission. The judge emphasised that Levoff's actions were particularly egregious given his former role in enforcing Apple's insider trading policies. Levoff had been fired by Apple in 2018 and was subsequently charged with making stock trades based on nonpublic information about the company's earnings announcements. He pleaded guilty in 2022 and was sentenced to probation, community service, and a forfeiture.

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