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FIIs raise stakes in 125 stocks after two quarters of cuts
Foreign institutional investors (FIIs) turned net buyers in select stocks during the September 2026 quarter after reducing their exposure for two consecutive quarters. They increased their stakes in 125 stocks with a market capitalisation of over Rs 2,500 crore, following periods of reduced exposure in the December 2025–March 2026 and March–June 2026 quarters. In terms of stock performance, around 15 of these stocks delivered double-digit price returns over the past three months.
Coforge shares rise 2.51% to ₹1,948 on strong quarterly earnings
Shares of Coforge Limited were trading up 2.51 per cent at ₹1,948.20 around midday on Monday, touching an intraday high of ₹1,951.80, as investors reacted to the IT firm’s strong quarterly earnings reported on Friday. The stock opened sharply lower at ₹1,844.20 before recovering strongly through the morning session, reflecting volatile sentiment. Trading volumes stood at 28.86 lakh shares with a traded value of ₹549.68 crore by 12:22 IST.
Jefferies, Nomura raise Coforge targets after Q2; Citi stays sell
Coforge shares slipped 3% even as Jefferies, Nomura and other brokerages raised their price targets following Q2 earnings, citing continued outperformance potential. Citi remains the outlier with a 'sell' rating, creating a split view on the IT stock.
Coforge Chairman Resigns Amid Audit Probe; Shares Plunge 9%
Coforge shares plunged up to 9% after Chairman OP Bhatt resigned with immediate effect amid board evaluation concerns and an ongoing audit probe. The stock fell 7.91% on the BSE, dragging the Nifty IT index down 4% as selling spread to other IT majors like Infosys, Tech Mahindra, HCL Tech, and TCS. The resignation has intensified investor worries about governance and sector-wide impact from potential US Fed rate hikes.
IT stocks rally up to 5% as Nvidia lifts AI optimism, Coforge surges 3.4%
Indian IT stocks extended gains, with the Nifty IT index rising 3% and individual stocks like LTM, Coforge, TCS, and TechM climbing up to 5%, driven by Nvidia's upbeat AI outlook and anticipation of Fed chair's speech. Coforge added 3.4% on a deepened partnership with Pega, while Wipro rose after expanding its AI collaboration with Google Cloud. The sector's momentum is tied to AI-driven demand and global tech sentiment.
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