New Delhi, Sept. 26 -- Eighth-largest IT services firm Coforge saw its shares decline for the sixth consecutive day on Friday, September 26, falling another 3.3% to the day's low of Rs.1,539 apiece, marking its lowest level since May 2025.
The H-1B visa curbs have caused the domestic tech stock to drop 14% over the last five trading sessions, putting it on track to log its biggest weekly decline since early April 2025, when it lost 19% of its value. The sustained fall has also eroded the company's market capitalisation by Rs.9,330 crore, bringing it to Rs.51,829 crore as of today.
Although the company earlier this week stated that it has reduced its dependence on H-1B visas, the sell-off in the stock continued, even as global brokerage ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.