The company’s total operating revenue stood at Rs 182.3 crore as compared to Rs 55.3 crore during Q1FY21, registering a growth of 230 per cent. EBITDA stood at Rs 18.8 crore, increasing by almost five times on a YoY basis. 

On Wednesday, Coforge Limited, an Indian multinational information technology company, announced its financial results for Q1FY22. The performance reported also includes a contribution from SK Global, an acquisition that concluded in the last week of April 2021. 

Indian markets traded near the low of the day on Wednesday while Nifty breached its 50-DMA for the first time after almost two months. 

Cyient recently announced that it will strengthen IntelliCyient - its digital solutions suite, through the proposed acquisition of WorkForce Delta, which is a leading consulting firm in the mobile workforce management.  

Keep watch on these stocks for Wednesday 

We believe that going forward, traders should shift their focus towards stock-specific opportunities rather than taking any directional bias bet on the index as the index has largely traded in a range in the recent past.

In 2021, so far, BSE Midcap index has outperformed the domestic benchmark indices by gaining around 25.9 per cent. Meanwhile, Sensex and Nifty have gained 9.82 per cent & 12.31 per cent, respectively. 

When investing in the ETF form, an investor has the flexibility to buy & sell the investment on the stock exchanges just like transacting a stock and in addition, he also gets access to all the benefits of investing. 

Among Asian peers, Hong Kong’s Hang Seng is down by more than 4 per cent while China’s Shanghai Composite too witnessed losses of nearly 2.5 per cent.   

The circular by SEBI has also specified that AMCs & depositories shall facilitate and RTAs shall make the aforesaid platform operational in a phased manner.