NSE: COFORGE | BSE: 532541

Strong Performer, Getting Expensive

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1797.50 -48.60 (-2.63%)

50.54% Gain from 52W Low

1.4M NSE+BSE Volume

NSE 21 Nov, 2025 3:31 PM (IST)

60,179.3

Market Cap

High in industry

1.4

Beta 1Year

Very 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.

23 Oct 2024, 12:00AM

1797.50

-2.63%

A blazing quarter

Buy: Coforge Ltd.

Recommendation Target

Motilal Oswal

COFORGE reported 2QFY25 organic revenue growth of 6.3% QoQ in USD terms, above our estimate of 4.3%. It reported an organic CC QoQ growth of 5.5% (consol. CC QoQ growth of 26.3%).

Number of FII/FPI investors decreased from 659 to 622 in Sep 2025 qtr

Coforge Ltd.

13 Sep 2024

1797.50

-2.63%

Organic Business on strong footing, Upgrade to Buy

Buy: Coforge Ltd.

Target

Sharekhan

We upgrade Coforge to Buy with revised price target (PT) of Rs. 8,480 (valued at 40x Sept26E EPS).
At CMP, the stock trades at 48.2/36.5/30.2x its FY25/26/27E EPS.

Number of FII/FPI investors decreased from 659 to 622 in Sep 2025 qtr

Coforge Ltd.

24 Jul 2024, 12:00AM

1797.50

-2.63%

Coforge (NOT RATED): CEO indicates demand bottoming out. Tepid recovery

Not Rated: Coforge Ltd.

BOB Capital Markets Ltd.

CEO believes demand has bottomed out. Industry demand commentary turns positive for the first time in the current cycle

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

24 Jul 2024, 12:00AM

1797.50

-2.63%

Result Update:Coforge

Buy: Coforge Ltd.

Target

Axis Direct

Given the company's strong growth potential backed by robust deal wins and superior execution capabilities, we recommend a BUY rating on the stock.

Coforge Ltd. has an average target of 2036.67 from 8 brokers.

Coforge Ltd.

23 Jul 2024, 12:00AM

1797.50

-2.63%

Results Miss; Margins to moderate due to higher M&A costs

Sell: Coforge Ltd.

Target

Dolat Capital

Coforge reported a miss on CC Rev growth of 1.6% QoQ (DE:1.9%) due to decline in BFS (-4%). Adj. EBITDA margin down 111bps QoQ to 17.9% (DE:18.1%) due to visa & onsite ramp-up (wage hike moved to Q2).

Number of FII/FPI investors decreased from 659 to 622 in Sep 2025 qtr

Coforge Ltd.

23 Jul 2024, 12:00AM

1797.50

-2.63%

Coforge: Q1FY25 Result Review

Hold: Coforge Ltd.

Target

IDBI Capital

Number of FII/FPI investors decreased from 659 to 622 in Sep 2025 qtr

Coforge Ltd.

23 Jul 2024, 12:00AM

1797.50

-2.63%

Organic business continues to do well

Neutral: Coforge Ltd.

Target

Motilal Oswal

COFORGE reported 1QFY25 revenue growth of 1.6% QoQ in CC terms, in line with our estimate. Reported revenue stood at USD291m (up 1.6% QoQ/7.2% YoY).

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

23 Jul 2024, 12:00AM

1797.50

-2.63%

Steady performance; one-off causes profit miss

Sell: Coforge Ltd.

Target

Emkay

Coforge reported an in-line set of results in Q1; revenue grew 1.6% QoQ (similar in cc terms), whereas adj. EBITDAM declined by 100bps to 17.9%.

Coforge Ltd. has an average target of 2036.67 from 8 brokers.

Coforge Ltd.

03 May 2024

1797.50

-2.63%

Coforge: Q4FY24 Result Review

Hold: Coforge Ltd.

Recommendation Target

IDBI Capital

Coforge Ltd. is trading above all available SMAs

Coforge Ltd.

03 May 2024

1797.50

-2.63%

Result Update:Coforge

Buy: Coforge Ltd.

Target

Axis Direct

Recommendation: Given the company's strong growth potential backed by robust deal wins and superior execution capabilities, we recommend a BUY rating on the stock

Coforge Ltd. has an average target of 2036.67 from 8 brokers.

Is NIIT Technologies Ltd. worth buying?

306 Votes:

Buy 72.88%

Sell 20.59%

Hold 6.54%

RESEARCH REPORTS

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