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Cigniti Technologies Ltd

Cigniti Technologies Ltd (CIGNITITEC)

₹1325.5▲1.92%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

Cigniti Technologies Ltd share Performance

₹1,301
₹1,337
₹1325.5
1.85%
Low
Day's Volatility:2.72%
High
0.87%
₹758.05
₹1,384
₹1325.5
42.81%
Low
52 Weeks Volatility:47.22%
High
4.41%

Returns %
1 Month Return	+ 5.68 %
3 Month Return	+ 22.2 %
1 Year Return	+ 56.03 %

Market Stats
Previous Close	₹₹1,300.50
Open	₹₹1,301.00
Volume	₹2.25L
Upper Circuit	₹-
Lower Circuit	₹-
Market Cap	₹₹3,550.38Cr

Company Information

Cigniti Technologies Ltd (formerly Chakkilam Infotech Ltd.) is a leader in independent software testing services, providing end-to-end solutions for functional, performance, security and automation testing along with engineering services and medical transcription. With a rich history of 14 years serving US and Indian clients, the company has recently acquired Cigniti Inc. (2011) and Gallop Solutions (2014). It also entered into long-term partnerships with a number of companies, such as a top robotics toy manufacturer, a Performance Management and Business Intelligence Solution Provider in the Hospitality Industry, and the mobile testing services provider Keynote DeviceAnywhere (2013). Moreover, Cigniti Technologies was recognized globally with the 2014 Global Frost & Sullivan Customer Value Leadership Award in Automated Software Testing Services, Forbes Asia Best Under a Billion Forum 2014, and the 2015 Business Today BEST SME Award for Global Excellence, making it the first Indian company to be rated at CMMI Level 5.

Share Price: ₹1325.50 per share as on 17 May, 2024 04:01 PM
Market Capitalisation: ₹3,550.38Cr as of today
Revenue: ₹455.64Cr as on March 2024 (Q1 24)
Net Profit: ₹27.14Cr as on March 2024 (Q1 24)
Listing date: 13 Oct, 2014
Chairperson Name: C V Subrahmanyam

Organisation	Cigniti Technologies Ltd
Headquarters
Industry	IT - Software
E-voting on shares	Click here to vote

Key events for Cigniti Technologies Ltd

Coforge to Acquire 100% Stake in Cigniti Technologies - 06 May, 2024
Coforge, a midcap IT firm, plans to acquire a 100% stake in Cigniti Technologies within a year through a QIP process by August. The acquisition will help Coforge grow into a $2 billion firm by FY 2026-27 from the current $1.12 billion.
Coforge Acquires Majority Stake in Cigniti Technologies - 04 May, 2024
Coforge is set to acquire a 100% stake in Cigniti Technologies within a year, with the acquisition expected to help it grow into a $2 billion firm by FY26-27. The merger will create three new industry verticals for Coforge - Retail, Healthcare, and Hi-Tech.
Coforge Acquires Majority Stake in Cigniti Technologies - 03 May, 2024
Coforge acquires a 54% stake in Cigniti Technologies for Rs 1,956.95 crore and launches an open offer to acquire an additional 26% stake. The acquisition is expected to improve margins by 150-250 basis points and add 20% to the company's topline.
Coforge Acquires Majority Stake in Cigniti Technologies - 02 May, 2024
Coforge has approved the acquisition of a 54% stake in Cigniti Technologies for Rs 1,415 per share. The deal is expected to be completed by Q2FY25 and will create new verticals while helping Coforge scale its presence across US markets.

Fundamentals of Cigniti Technologies Ltd

Insights on Cigniti Technologies Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Price Rise
In the last 3 months, CIGNITITEC stock has moved up by 22.2%
POSITIVE IMPACT
Best in 1 Year
In the last 1 year, CIGNITITEC has outperformed top 5 stocks with highest market-cap in IT Services & Consulting
POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 0.07% to 0.09% in Mar 2024 quarter
POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 6.04% to 6.06% in Mar 2024 quarter
POSITIVE IMPACT
Best in 3 Years
In the last 3 years, CIGNITITEC has outperformed top 5 stocks with highest market-cap in IT Services & Consulting
NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 32.77% of holdings in Mar 2024 quarter
NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 475.33 Cr → 471.82 Cr (in ₹), with an average decrease of 0.7% per quarter
NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 61.12% to 61.08% in Mar 2024 quarter
NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 48.04 Cr → 27.14 Cr (in ₹), with an average decrease of 43.5% per quarter