NSE: COFORGE | BSE: 532541

Mid-range Performer

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1606.80 -97.30 (-5.71%)

39.33% Gain from 52W Low

3.6M NSE+BSE Volume

NSE 08 Aug, 2025 3:31 PM (IST)

53,751.4

Market Cap

High in industry

1.2

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.

04 May 2018

1606.80

-5.71%

NIIT Technologies (NITEC) delivered a strong Q4FY18 performance, with revenue growth of 4...

Sell: Coforge Ltd.

Emkay

of 4.3% qoq and OPM gains of 80bps qoq. Revenue and OPM were ahead of our estimates of 3% qoq growth and 50bps gains. Management is expecting better client budgets in its Top 20 accounts across business...

Coforge Ltd. has gained 37.45% in the last 1 Year

Coforge Ltd.

01 Mar 2018

1606.80

-5.71%

NIIT Tech

Sell: Coforge Ltd.

SPA Research

NIIT Tech reported steady 2.6%/12.4% QoQ growth in revenue/PAT in Q3FY18. New management based across geographies is expected to result in client additions across the segments. Management has indicated strong deal pipeline in coming quarters. We expect steady double digit revenue growth in FY19 on account of growth across BU's, strong executable pipeline and large order wins. All the positives have already factored in price, hence we recommend to sell the stock with target price of INR 740. Conference call highlights Management indicated Q4FY18 and FY19 to report strong double digit growth on the back of strong order intake and deal pipeline. NIIT Tech now has a decentralized presence with one EVP Europe,...

Coforge Ltd. has lost -17.58% in the last 1 Month

Coforge Ltd.

23 Jan 2018

1606.80

-5.71%

NIIT Technologies

Hold: Coforge Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research NIIT Tech's (NTL) US$ revenues grew 1.7% QoQ to $116.7 million, largely in line with our expectation of 2.1% growth to $117.2 million Rupee revenues increased 2.6% QoQ to | 756.5 crore and were largely in line with our expectation of | 758.5 crore estimate At 17.1%, EBITDA margins expanded 100 bps QoQ and were above our 60 bps expansion, 16.7% estimate mainly on account of lowerthan-expected direct cost (| 481.1 crore vs. | 490 crore assumed) Reported profit of | 75.7 crore was ahead of our estimate of | 68...

Coforge Ltd. has gained 37.45% in the last 1 Year

Coforge Ltd.

23 Jan 2018

1606.80

-5.71%

EARNINGS UPDATE- NIIT TECH -3QFY18

Buy: Coforge Ltd.

Target

Chola Wealth Direct

Sector: IT /Mid-Cap | Earnings Update 3QFY18 Background: NIIT Technologies a leading global IT solutions organization. In 3QFY18: Revenue share by service mix: Application Development & Maintenance (65%), System integration & Package implementation (5.0%), Managed service (19%), IP assets (7.0%) & BPO (4.0%) segments. Vertical mix: BFSI (43%), Transportation (27.0%), Manufacturing, Med & others (27.0%). Geography mix: America (50.0%), EMEA (30.0%), and ROW (20.0%). Company has total headcount of 9,081; Active clients: 78, Utilization: 79.0%. Revenues from top 5 clients: (30%), top 10: (42%). Attrition: (10.6%). DSO: 70. Revenue mix: Onsite...

Coforge Ltd. is trading below all available SMAs

Coforge Ltd.

19 Jan 2018

1606.80

-5.71%

NIIT Technologies: Beat despite client ramp-down..

Neutral: Coforge Ltd.

Target

Motilal Oswal

NITEC's 3QFY18 revenue adjusted for forex gains grew 2.1% QoQ (est. of +0.7%), despite seasonal weakness and ramp-down of Morris. Except the customer-specific issue,which impacted the Manufacturing vertical, strength was seen in both BFSI(4% QoQ) and Transport (4.4% QoQ). Contribution from the Digital segment increased to 25% of overall business, having grown by 11% QoQ. GPM of 36.4% (+140bp QoQ), SGA of19.3% (+40bp) led to EBITDA margin of 17.1% (+100bp). Margin expansion was a function of growth in Digital and NITL. PAT stood at INR757m, higher than our estimate of INR677m, led by the operational beat and lower ETR,which was due to a one-time tax benefit

Coforge Ltd.'s price crossed below 100Day SMA today

Coforge Ltd.

24 Oct 2017

1606.80

-5.71%

NIIT Tech

Sell: Coforge Ltd.

Dolat Capital

Coforge Ltd.'s price crossed below 100Day SMA today

Coforge Ltd.

24 Oct 2017

1606.80

-5.71%

NIIT Tech

Buy: Coforge Ltd.

JM Financial

Coforge Ltd. has lost -17.58% in the last 1 Month

Coforge Ltd.

23 Oct 2017

1606.80

-5.71%

NIIT Technologies

Hold: Coforge Ltd.

Target

ICICI Securities Limited

US$ revenues increased 4.4% QoQ to $114.8 million, slightly better than our estimate of $113.1 million Rupee revenues increased 4.0% QoQ to | 737.2 crore and were...

Coforge Ltd.'s price crossed below 100Day SMA today

Is NIIT Technologies Ltd. worth buying?

291 Votes:

Buy 72.51%

Sell 20.62%

Hold 6.87%

RESEARCH REPORTS

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Buy SEE REPORTS >

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