Coforge moves up on collaborating with Microsoft to establish Coforge Copilot Innovation Hub

Coforge is currently trading at Rs. 4767.15, up by 35.80 points or 0.76% from its previous closing of Rs. 4731.35 on the BSE.

The scrip opened at Rs. 4747.35 and has touched a high and low of Rs. 4784.00 and Rs. 4726.65 respectively. So far 6837 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6840.00 on 19-Feb-2024 and a 52 week low of Rs. 4210.80 on 25-May-2023.

Last one week high and low of the scrip stood at Rs. 4784.00 and Rs. 4404.05 respectively. The current market cap of the company is Rs. 29439.47 crore.

The Institutions and Non-Institutions held 89.30% and 10.70% stake respectively in the company. 

Coforge has collaborated with Microsoft to establish the Coforge Copilot Innovation Hub. The Hub will focus on developing a pipeline of new industry specific generative AI solutions and will work closely with Microsoft to integrate these solutions with Microsoft’s generative AI products and technologies, including Microsoft Azure OpenAI Service, Microsoft Power Platform, and Microsoft Copilot.

As part of the Copilot Innovation Hub, Coforge announced the availability of two new copilots: Underwriter Copilot for insurance carriers and Advisor Copilot for financial services organizations. The Underwriter Copilot for Insurance is an innovative solution designed to empower insurance underwriters with informed decision-making capabilities and enhanced control, offering a pathway to better ROI and a seamless approach to navigating the complexities of underwriting. The solution focuses on improving combined ratios for carriers by two to three percent, unlocking new revenue opportunities. By using Underwriter Copilot, insurance carriers can increase their underwriter productivity and efficiency by 30-35 percent. 

The Coforge Advisor Copilot solution allows financial advisors to access comprehensive fund information and performance data swiftly through a user-friendly interface, eliminating the need for time-consuming searches across various tools, documents, and data sources. The solution is intended to increase the productivity of financial advisors and asset managers by more than 30 percent.

Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.