NSE: COFORGE | BSE: 532541

Mid-range Performer

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1716.00 -6.30 (-0.37%)

43.72% Gain from 52W Low

930.4K NSE+BSE Volume

NSE 13 Oct, 2025 3:31 PM (IST)

57,416.7

Market Cap

High in industry

1.3

Beta 1Year

Very High Volatility

Board Meeting

The next board meeting for Coforge Ltd. is on 24 Oct 2025 for the purpose of Quarterly Results & Interim Dividend See details

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.

28 Jan 2021

1716.00

-0.37%

Coforge (BUY): Travel recovery and BFS drive growth

Buy: Coforge Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Coforge reported a robust Q3FY21 performance, marked by 3.3% QoQ CC revenue growth led by the BFS and travel verticals.

Coforge Ltd. has an average target of 2035.00 from 7 brokers.

Coforge Ltd.

26 Oct 2020

1716.00

-0.37%

EARNINGS UPDATE- COFORGE LTD 2QFY21

Neutral: Coforge Ltd.

Target

Chola Wealth Direct

Background: NIIT Technologies rebranded to Coforge ltd is a leading global IT solutions organization. The Company focuses on three key verticals which are Banking and Financial Services (17% of revenues), Insurance (34% of revenues), and Travel/ Transportation (19% of revenues). The company has around 109 active clients across US (48% of revenues), EMEA (36% of revenue) and Row (16% of revenues). The Company in 2QFY21 added 12 new clients and won 2 large...

Coforge Ltd. has gained 35.83% in the last 6 Months

Coforge Ltd.

23 Oct 2020

1716.00

-0.37%

COFORGE LTD.

Sell: Coforge Ltd.

Target

Dolat Capital

Coforge Ltd. has gained 35.83% in the last 6 Months

Coforge Ltd.

23 Oct 2020

1716.00

-0.37%

Coforge Ltd.

Hold: Coforge Ltd.

Recommendation Target

ICICI Securities Limited

Coforge Ltd. is trading above its 200 day SMA of 1680.3

Coforge Ltd.

23 Oct 2020

1716.00

-0.37%

Q2FY21 Result Update - Premium Valuation to Sustain! - BUY

Buy: Coforge Ltd.

Target

Prabhudas Lilladhar

Coforge reported robust 8.1% CC growth QoQ (Ple: 7.5%) exceeding their guidance of 7% CC growth in Q2. This translated to 154.9 USD Mn revenue up 10.7% QoQ growth. (Ple/Cons: 10%). Revenue growth was broad-based with Insurance (34% of revs) posted growth of ~14% QoQ USD, Travel & transport (19% of revs) revived & posted 10.5% QoQ USD on account of strong wallet share expansion amongst existing large clients. EBIT Margin expanded by 221 bps QoQ at 13.8% in Q2. They have undertaken cost optimization measures to improve margins and they will maintain margins at...

Coforge Ltd. has gained 35.83% in the last 6 Months

Coforge Ltd.

22 Oct 2020

1716.00

-0.37%

Coforge (ADD): Executable order book hits record high

Accumulate: Coforge Ltd.

Target

BOB Capital Markets Ltd.

Coforge (erstwhile NIIT Tech) reported a robust Q2FY21 performance, marked by 8.1% QoQ CC revenue growth that was broad-based across verticals.

Coforge Ltd. is trading above its 200 day SMA of 1680.3

Coforge Ltd.

29 Jul 2020

1716.00

-0.37%

Q1FY21 Result Update - Strong Guidance, back to accelerated growth profile! - BUY

Buy: Coforge Ltd.

Target

Prabhudas Lilladhar

Management's strong commentary despite weak performance was driven by 1) Strong deal pipeline, 2) Decent performance in all verticals except Travel, 3) No further erosion in Airline Services....

Coforge Ltd. has gained 35.83% in the last 6 Months

Coforge Ltd.

29 Jul 2020

1716.00

-0.37%

NIIT Technologies

Buy: Coforge Ltd.

Recommendation Target

ICICI Securities Limited

NIITT had exposure to airlines that accounted for ~13% of overall revenues in Q4FY20, which has dropped to 5% in the current quarter. This was the primary reason for the sharp fall in revenues. However, going forward, the company believes airline revenues have bottomed out. It is expected to remain at these levels in the near term. Further, rail, logistics, hospitality and airports in the travel vertical were stable and are expected remain stable. In addition, we expect banking, insurance and healthcare verticals to register improving growth (as seen in this quarter) on the back of large deal wins....

Coforge Ltd. is trading below its 100 day SMA of 1755.2

Coforge Ltd.

29 Jul 2020

1716.00

-0.37%

NIIT Technologies (ADD): Strong guidance despite weak quarterly performance

Accumulate: Coforge Ltd.

Recommendation Target

BOB Capital Markets Ltd.

NIIT Tech (NITEC) reported a poor Q1FY21 performance marked by a 9.8% QoQ USD revenue decline due to weakness in the travel and transportation vertical.

Coforge Ltd. has an average target of 2035.00 from 7 brokers.

Coforge Ltd.

07 May 2020

1716.00

-0.37%

EARNINGS UPDATE- NIIT TECH LTD 4QFY20

Neutral: Coforge Ltd.

Target

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 (15% of revenues), Insurance (31% of revenues), and Travel/ Transportation (27% of revenues). The company has around 106 active clients across US (46% of revenues), EMEA (40% of revenue) and Row (14% of revenues). The Company added 41 new clients in FY2020 and won 3 large deals in 4QFY20. NIIT Tech derives...

Coforge Ltd. has an average target of 2035.00 from 7 brokers.

Is NIIT Technologies Ltd. worth buying?

299 Votes:

Buy 72.58%

Sell 20.74%

Hold 6.69%

RESEARCH REPORTS

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