Coforge shares experienced a significant increase of almost 8% during early trading on October 23. This surge was a result of the company's strong performance in the second quarter earnings report, which had a positive impact on investor sentiment.

In Q2, Coforge's net profit rose by approximately 9% compared to the previous quarter, reaching Rs 255.20 crore. This growth was supported by the recent acquisition of Cigniti Technologies. Furthermore, the company's revenue for the September quarter increased by 27.5% sequentially, amounting to Rs 3,062 crore. This was a significant improvement from the April-June period, where revenue stood at Rs 2,401 crore.

Coforge also reported a total order intake of $516 million in Q2, including three large deals. This marks the eleventh consecutive quarter where order intake has consistently exceeded $300 million. Over the past three months, the stock has delivered an impressive return of 18.5%.