Coforge surges 9% on Q1 profit acceleration as Indian benchmarks slip

IT and realty shares offset weakness in FMCG and financials, with Coforge leading gains after reporting a sharp rise in first-quarter profitability.

By Handelsavisen Newsroom · Automated 2026-07-28 10:18 UTC · 1 min read

Indian equity benchmarks closed slightly lower on Tuesday, with the Nifty 50 and S&P BSE Sensex falling 0.04% and 0.07% respectively.

The modest declines in the broader market were driven by weakness in fast-moving consumer goods and financial shares, which offset gains in the information technology and real estate sectors.

Shares of the IT services firm climbed more than 9% during the session, reaching an intraday high of ₹1,667.

Renewed volatility in global technology stocks also weighed on sentiment across the board.

Despite the mixed backdrop for the broader market, Coforge emerged as a standout performer.

Shares of the IT services firm climbed more than 9% during the session, reaching an intraday high of ₹1,667.80.

The rally was triggered by the company’s announcement of a sharp acceleration in profitability for the first quarter of fiscal year 2027, signaling strong operational momentum amid broader sector uncertainty.