NSE: COFORGE | BSE: 532541

Expensive Performer

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1833.50 -7.00 (-0.38%)

77.60% Gain from 52W Low

1.3M NSE+BSE Volume

NSE 18 Jun, 2025 3:31 PM (IST)

61,317

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Coforge Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for COFORGE, BSE:532541 Coforge Ltd.

Coforge Ltd.

06 May 2020

1833.50

-0.38%

NIIT Technologies (ADD): Good quarter with confident commentary upgrade to ADD

Sell: Coforge Ltd.

Target

BOB Capital Markets Ltd.

NIIT Tech (NITEC) reported a strong Q4FY20 with 3% QoQ CC revenue growth and resilient operating margins.

Coforge Ltd. has gained 76.24% in the last 1 Year

Coforge Ltd.

06 May 2020

1833.50

-0.38%

NIIT Technologies

Hold: Coforge Ltd.

Recommendation Target

ICICI Securities Limited

Large deal wins in previous quarters to drive growth in FY21E During the quarter, the company reported robust revenues despite headwinds from the travel sector. NIITT has exposure to airlines that account for ~14% of overall revenues. This is expected to remain under pressure. However, rail and airports in the travel vertical are expected to remain stable. Further, although the company is expected to report a single digit decline in Q1FY21E revenues, we expect revenues to grow in Q2FY21E based on the large deals won in Q4FY20 and Q3FY20 (as indicated by the company). As a...

Coforge Ltd. has gained 24.47% in the last 3 Months

Coforge Ltd.

06 May 2020

1833.50

-0.38%

NIIT Tech

Sell: Coforge Ltd.

Recommendation Target

Dolat Capital

Results inline, Deal Wins supports confident commentary NITEC reported 3% QoQ CC revenue growth (our estm: 2%) largely driven by traction in Insurance (up 6% QoQ) and Others Vertical (up 11% QoQ) that covered up for decline in Travel vertical (-3.8% QoQ). OPM was in-line with our estimates at 14%. PAT stood at ` 1.1Bn below estm due to provisioning related exceptional loss of ` 128mn. It has added $180mn in TCV including 3 large deals (2 in BFSI) during the quarter. Deal TCV on TTM basis is up 16% at $749mn. The 12M...

Coforge Ltd. has gained 24.47% in the last 3 Months

Coforge Ltd.

18 Mar 2020, 12:00AM

1833.50

-0.38%

NIIT Technologies

Hold: Coforge Ltd.

ICICI Securities Limited

The spread of Covid-19 has led to lockdowns in many countries globally and could have adverse economic implications. In addition, the recent fall in crude prices could also have an adverse impact of fiscal health of oil producing countries. As a result, IT companies, which have considerable exposure to verticals such as oil, energy & utilities; banking & capital markets; manufacturing and travel & transport could see an adverse impact from the ongoing crisis. Companies like Wipro, Infosys in large cap and MindTree, NIIT Tech, Sonata software, Cyient, Accelya Solutions among...

Coforge Ltd. has gained 24.47% in the last 3 Months

Coforge Ltd.

31 Jan 2020

1833.50

-0.38%

EARNINGS UPDATE- NIIT TECH LTD 3QFY20

Coforge Ltd.

Chola Wealth Direct

Background: NIIT Technologies is a leading global IT solutions organization. The Company focuses on three key verticals which are Banking and Financial Services (16% of revenues), Insurance (30% of revenues), and Travel/ Transportation (29% of revenues). The company has around 100 active clients across US (48% of revenues), EMEA (37% of revenue) and Row (15% of revenues). The Company added 40 new clients in FY2019 and won 6 large deals, spread across US and...

Number of FII/FPI investors increased from 600 to 659 in Mar 2025 qtr.

Coforge Ltd.

30 Jan 2020

1833.50

-0.38%

NIIT Technologies

Sell: Coforge Ltd.

Recommendation Target

ICICI Securities Limited

Large deal wins, healthy order book to drive revenues US$ revenues grew 1.7% QoQ to $151.3 million mainly driven by transport vertical partially driven by weakness in banking & financial services (client specific) and digital revenues. Weakness in banking services is likely to see a revival in growth as the company has won a large deals from its challenged client. Further, NIITT has hired three new leaders in top positions (CFO, digital business & global sales), which are expected to drive the momentum. In addition, strong fresh order intake (grew strong 24% QoQ) and robust...

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

30 Jan 2020

1833.50

-0.38%

NIIT Technologies (SELL): Risk-reward unfavourable; cut to SELL

Sell: Coforge Ltd.

Recommendation Target

BOB Capital Markets Ltd.

NIIT Tech's (NITEC) Q3FY20 performance was mixed with a miss on operating margins (20bps QoQ to 18.1%) but healthy deal wins.

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

26 Nov 2019

1833.50

-0.38%

EARNINGS UPDATE- NIIT TECH 2QFY20

Hold: Coforge Ltd.

Recommendation Target

Chola Wealth Direct

Sector: IT /Mid-Cap | Earnings Update 2QFY20 Background: NIIT Technologies is a leading global IT solutions organization. The Company focuses on three key verticals which are Banking and Financial Services (16.7% of revenues), Insurance (31.1% of revenues), and Travel/ Transportation (27.8% of revenues). The company has around 95 active clients across US (49% of revenues), EMEA (37% of revenue) and Row (14% of revenues). The Company added 40 new clients in FY2019 and won 6 large deals, spread across US and EMEA....

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

24 Oct 2019

1833.50

-0.38%

NIIT Technologies

Hold: Coforge Ltd.

Target

ICICI Securities Limited

Large deal wins, healthy order book to drive revenues Wining large deals, hiring senior leaders in sales position, higher commission to sales for wining large deals, scaling the new wins, mining existing clients and strategic acquisition has been the key strategy of the company to drive revenues in the long term. This strategy has led to highest order book for the company in recent quarters and robust organic growth. The strength of the strategy is also visible in the current quarter in which the company reported organic growth of 3.0% QoQ despite headwinds from...

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

24 Oct 2019

1833.50

-0.38%

Q2FY20 Result Update

Accumulate: Coforge Ltd.

Target

Prabhudas Lilladhar

NIIT Tech delivered a strong revenue growth of 7.7% QoQ (4.1% organic cc) to USD 148.7mn (Ple: USD145.4mn, Cons: USD 146mn). EBIT margin expanded 350 bps QoQ to 17.1% (Ple: 15.5%, Cons: 13.4%) aided by visa seasonality, INR depreciation and no one-time M&A; expense. Q2FY20 was tenth consecutive quarter of improvement in deal closure. Management...

Coforge Ltd. has gained 76.24% in the last 1 Year

Is NIIT Technologies Ltd. worth buying?

283 Votes:

Buy 72.08%

Sell 20.85%

Hold 7.07%

RESEARCH REPORTS

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