Coforge shares crack 7% to hit day’s low as board to weigh equity fund-raise; what’s worrying investors?

Shares of Coforge came under sharp selling pressure in early trade on Tuesday, falling nearly 7 per cent, even as the IT services firm announced a board meeting later this week to consider fund-raising options.

The stock dropped as much as 7 per cent to Rs 1,739.05 on the BSE, dragging the company’s market capitalisation down to about Rs 60,040 crore. Around 0.34 lakh shares changed hands during early deals, translating into a turnover of Rs 6.03 crore.

Board to consider equity fund raise on December 26

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Coforge said its board of directors will meet on December 26, 2025, to evaluate proposals for raising funds through the issuance of equity shares or other securities. The options under consideration include private placement, qualified institutional placement (QIP), preferential allotment and other permissible routes.

The company added that an analyst and investor call has been scheduled at 5:30 pm IST on the same day, following the conclusion of the board meeting.

Recent trading history and 52-week range

Coforge had touched a 52-week low of Rs 1,190.84 on April 7, 2025. Tuesday’s decline adds to investor caution around the stock, especially ahead of clarity on the proposed capital-raising exercise.

Investor outreach planned post board meeting

Alongside the board decision, Coforge said it will participate in a non-deal roadshow, with meetings scheduled in Mumbai on December 29 and in Singapore on December 30. The roadshows will include one-on-one and group interactions with investors.

Market participants are likely to track management commentary closely for details on the size, timing and purpose of the proposed fund raise.