COFORGE Ltd has advanced by quite a bit over the last five days and seen 17 percent growth during the period outperforming the Nifty IT index which advanced by as much as four percent.

This is backed by volumes because in the last five days the average volumes are up as much as 129 percent compared to daily average volumes on monthly basis in the last one month. Similarly, delivery is also high by 65 percent in the same aspect.

At present, a substantial rise is seen in COFORGE and if you consider the 20-day moving average (DMA), its closer support is around Rs 2,600 and that’s a good 10 percent from where it is currently at.

The reason why a surge is seen is that COFORGE specifically has been able to differentiate itself when it comes to its peers as well as the fact that we have seen improving growth prospects and that’s possibly another reason a surge is seen in COFORGE.

Watch the accompanying video of CNBC-TV18’s Agam Vakil for more details.

(Edited by : Ajay Vaishnav)