BUZZ-India's Coforge gains on $1.56 billion partnership with Sabre

Reuters
03-05
BUZZ-India's Coforge gains on $1.56 billion partnership with Sabre

** India's Coforge COFO.NS climbs 5.5% to 7,609.55 rupees, set to snap four-session losing streak

** IT services provider says it entered a partnership with travel booking provider Sabre Corp SABR.O

** Partnership for 13 years and valued at $1.56 billion

** Stock top pct gainer on IT index .NIFTYIT, which is up 1%

** COFO among four stocks rated "buy" in 10-member IT index, rest rated "hold" - data compiled by LSEG

** Stock down 21% YTD vs IT index's 14% decline

(Reporting by Kashish Tandon in Bengaluru)

((Kashish.tandon@thomsonreuters.com))

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