Coforge share price jumped over 7% in early trade on Wednesday after the IT company announced the proposal for a stock split. Coforge shares rallied as much as 7.59% to ₹7,751.60 apiece on the BSE.
Coforge said its board of directors approved a stock split in the ratio of 1:5. The company will divide its one equity share of face value of ₹10 into five equity shares of face value of ₹2 each.
At 9:25 AM, Coforge shares were trading 7.39% higher at ₹7,736.50 apiece on the BSE.