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The Economic Times

Business

Debaroti Adhikary

Coforge shares rise 2% as Nuvama, other brokerages say concerns around Chairman's resignation are overdone

Coforge Nuvama OP Bhatt Motilal Oswal Debaroti Adhikary SEBI

Shares of Coforge rose nearly 2% on Thursday as brokerages reaffirmed their positive calls for the stock and said concerns around Chairman Om Prakash Bhatt’s resignation following an internal audit are overdone.

Coforge shares rose to Rs 1,878 apiece on NSE on Thursday morning. This comes after the stock plunged more than 5% on Wednesday after the company announced the resignation of non-executive Independent Director and Chairperson Om Prakash Bhatt with immediate effect.

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