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The Economic Times
The Economic Times
Debaroti Adhikary

Coforge shares double from March low, outperform Nifty IT peers. Is more steam left in the rally?

While artificial intelligence worries and inflationary pressures keep IT investors on the edge, Coforge shares have continued to deliver strong returns for its shareholders, as the stock rallied more than 100% in less than six months from a 52-week low in March to hit a fresh 52-week high last week.

New AI innovations sparked a sharp selloff in Dalal Street’s much-touted IT stocks in February this year, and Coforge was no exception. The stock plunged more than 28% in February alone, with the selloff continuing to widen in March. The shares of the company hit a 52-week low of Rs 1,008 apiece on March 17, 2026.

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