Coforge share latest update

The company belongs to the IT sector and if you look at the stock, we saw it falling by 1% yesterday. But today you people will see that from its previous price, a big fall is seen taking place from its previous closing. And this stock has arrived now at the price of 1699.  So why did the stock fall so drastically?  You will see that the stock is seeing a fall of about 80% from its previous closing price. You will see that the stock was at 8500. The stock has come to 1699 that is to a price of about 1700. So why a big fall of 80%? Everyone has the same doubts in their minds. What happened now that the stock is showing such a big fall? You must have seen the volume in the previous. This is not a fall. It is only an adjustment of the price. But the portfolio of the person who had the company’s shares is down by 80%. The shares are down by 80% in their portfolio. The company is giving split by splitting the stock and you will see that its split will be in 10:2. If you have two shares of the company then you will see that those two shares will be divided into 10 shares. This has been announced by the company and its face value was earlier 10. Now it will become 2 from 10. Right now the stock is down 80%. It’s not broken. This is just a price adjustment. So how will this fall which has happened be removed, this spit share will go away as soon as you come. Within one to two weeks you will see that the company will credit it to your portfolio. So we don’t have to worry about this either.  There is no need to worry at all that the shares have not arrived. So the whole settlement will be done within one or two days. It will be credited to your demat account within one to two weeks.

Apart from this, if you want to ask something regarding this then you can ask in the comment.