NSE: COFORGE | BSE: 532541

Expensive Performer

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1854.50 23.50 (1.28%)

74.95% Gain from 52W Low

1.1M NSE+BSE Volume

NSE 24 Jun, 2025 2:21 PM (IST)

62,019.3

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.

24 Jul 2017, 12:00AM

1854.50

1.28%

NIIT Technologies

Hold: Coforge Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research US$ revenues declined 0.6% QoQ to $109.9 million (including oneoff gain of US$ 4 million in Q4FY17) in line with our expectation of $109.2 million. While excluding one-off gain, revenue grew 3.2% sequentially. In constant currency, revenues grew 1.4% sequentially on account of seasonality in GIS...

Coforge Ltd. has gained 72.24% in the last 1 Year

Coforge Ltd.

10 May 2017

1854.50

1.28%

NIIT Technologies

Hold: Coforge Ltd.

Target

ICICI Securities Limited

In rupee term, revenues increased 7.4% QoQ to | 743.1 crore, above our 4.0% QoQ increase and | 720.2 crore estimate. During the quarter, the company received exceptional part payment against settlement of a government contract, which was put on hold resulting in revenue recognition of | 27.1 crore for services contracted. Barring this, revenues grew 3.4% QoQ to | 716 crore At 20.8%, EBITDA margins rose 320 bps QoQ, above our 17.2% estimate. Adjusting for exceptional items, EBITDA margin was 17.9%...

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

18 Jan 2017

1854.50

1.28%

NIIT Technologies

Hold: Coforge Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research NIIT Tech reported in line dollar revenue growth while margins surprised on the upside by ~70 bps. US$ revenues declined 0.4% QoQ to $102.7 million, in line with our $102.3 million estimate In rupee terms, rupee revenues grew 0.1% QoQ to | 692.2 crore, above our 0.3% QoQ decline and | 689.5 crore estimates At 16.9%, EBITDA margins grew 70 bps QoQ and were above our 16.2% estimate led by higher revenues from offshore...

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

Coforge Ltd.

18 Jan 2017

1854.50

1.28%

EEARNINGS UPDATE - NIIT TECHNOLOGIES

Buy: Coforge Ltd.

Target

Chola Wealth Direct

Background: NIIT Technologies a leading global IT solutions organization. In 3QFY17: Revenue share by service mix: Application Development & Maintenance (67%), System integration & Package implementation (4%), Managed service (17%), IP assets (7%) & BPO (5%) segments. Vertical mix: BFSI (42%), Transportation (32%), Manufacturing, Med & others (26%). Geography mix: America (48%), EMEA (34%), and ROW (18%). Company has total headcount of...

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

Coforge Ltd.

18 Oct 2016

1854.50

1.28%

NIIT Technologies

Hold: Coforge Ltd.

Target

ICICI Securities Limited

In rupee term, rupee revenues grew 3.3% QoQ to | 691.3 crore, in line with our 3.2% QoQ increase and | 690.3 crore estimates (average rupee realised: 66.86 vs. 66.96 assumed) At 16.2%, EBITDA margins grew 90 bps QoQ, largely in line with our 16.5% estimate led by higher revenues & lower SG&A; expenses Reported profit of | 59.6 crore was below our | 65 crore estimate due to increase in provision of tax (24.2% of PBT vs. 10.3% in Q1) Q3 expected to be soft but H2FY17E expected to be better...

Coforge Ltd. has gained 72.24% in the last 1 Year

Is NIIT Technologies Ltd. worth buying?

285 Votes:

Buy 71.93%

Sell 21.05%

Hold 7.02%

RESEARCH REPORTS

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