India's Cigniti Technologies jumps on strong Q3 results

Cigniti Technologies

23/01/2025 04:44

** Shares of AI firm Cigniti Technologies  CIGN.NS  climb
10.5% to 1,646 rupees 
    ** CIGN, a unit of Coforge  COFO.NS , reports 32% y/y rise
in Q3 consol net profit to 635.7 mln rupees ($7.4 mln)
    ** Rev from ops grew 10% to 5.16 bln rupees 
    ** Stock eyes busiest trading session since late-Oct,
volumes at 5x the 30-day avg 
    ** CIGN gained ~63% in 2024 vs 54% rise in COFO 

($1 = 86.4000 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))