Had invested 1 lakh rupees in this stock a year ago, today you would have got 13.22 lakh rupees

Multibagger Stock: Shares of Coforge Limited have increased from Rs 2,096 in last 12 months to Rs 5,544 today (an increase of about 164.5 percent). In comparison, the Nifty 50 index rose more than 52 percent and the S&P BSE Sensex rose more than 52 percent.

Multibagger stock has gained 1,239 per cent in the last five years and has gained 102 per cent since the beginning of this year. An amount of Rs 5 lakh invested in this stock a year ago would have become Rs 13.22 lakh today.

The stock rose 2 per cent to hit an all-time high of Rs 5,544 on Monday. With a market capitalization of Rs 32,976 crore, the stock is trading higher than the 5 day, 10 day, 20 day, 50 day, 100 day and 200-day moving averages.

According to MarketsMojo, the company’s debt-to-equity ratio (average) is -0.36 times lower. The company has high management capability with a high ROE of 17.83%. Technical trend has corrected from mildly bullish as on September 14, 2021 and the stock is in technically bullish range. Several factors like MACD, Bollinger Bands, KST and Dow are bullish for the stock. However, it has to be kept in mind that the valuation is very expensive right now.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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