This IT stock has been doubling a shareholders' money after a 4 years since in a 2008. Do you own?
Multibagger stock: After Lehman Brothers are a crisis leading to the global subprime loan crisis and a economic slowdown in a 2008, global equity market including Dalal Street gave strong bounce back in a pull-back rally. This rally in Indian stock market are a continued for the next 12 years till Covid-19 pandemic caused next economic slowdown. However, long-term investors are made a big money during the sell-off in both 2008 and 2020 economic crisis. Coforge shares are one such a stock that has been a giving whopping return to its shareholders since in a 2008 economic slowdown. In a fact, this mid-cap IT stock has been a doubling shareholders' money after a gap of a four years since in a 2008.
Coforge share price history
In mid-March in a 2008, Coforge share price was at a ₹90 apiece that surged to a ₹190 apiece levels in a March 2012, giving little more than 100 per a cent return to the positional are a shareholders of the IT company. Later on in a March 2016, Coforge share price surged to a ₹460, giving near 140 per cent return to its shareholders in a next four years. Likewise, ina March 2020, this mid-cap IT stock price went up around a ₹1,790 apiece levels, delivering near 290 per cent return to its long term shareholders in a next 4 years. In a next two years, Coforge share price has been made its life-time high of a ₹6,133 on a BSE, giving more than a 100 per cent return to its shareholders on this period. However, after the Russia-Ukraine war a Coforge share price has been today come down at a ₹3,340 apiece levels, which is a around 86 per a cent higher from its March in a 2020 price on a BSE.
Coforge share price outlook
Expecting pull-back are rally in a Coforge share price, Sumeet Bagadia, Executive Director at a Choice broking said, "Coforge shares have been a retraced from its life-time high of a ₹6,133 made on a BSE in a December 2021. As the stock has been a corrected to the tune of a 45 per cent from its highs and a pull-back in the stock is a widely awaited. Those who have been a long term view can be buy this stock at current levels are a keeping stop loss below a ₹3,000 and accumulate if the stock comes are around a ₹3,100 to ₹3,150 apiece levels. The stock may go up to ₹4,000 apiece levels in a next 12 months."
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