NSE: COFORGE | BSE: 532541

Expensive Performer

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1858.40 -15.90 (-0.85%)

61.63% Gain from 52W Low

1.0M NSE+BSE Volume

NSE 22 Jul, 2025 3:31 PM (IST)

62,168

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Board Meeting

The board meeting for Coforge Ltd. is scheduled for today, 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.

13 Apr 2021

1858.40

-0.85%

Coforge Ltd.

Hold: Coforge Ltd.

Recommendation Target

ICICI Securities Limited

SLK is a business process transformation enterprise, offering BPM and digital solutions for the financial services industry. It has deep domain expertise in the banking and insurance segments in North America, enjoying multiple long-standing and scalable relationships with marquee clients, including with Fifth Third Bank, which in addition to being the largest customer is also a significant minority shareholder. The acquired entity derives its revenues from North America with delivery centres and offices in India (Pune, Kolhapur, Bangalore), the US and the Philippines. The...

Coforge Ltd. has gained 55.29% in the last 1 Year

Coforge Ltd.

26 Mar 2021

1858.40

-0.85%

Initiating Coverage:Coforge

Buy: Coforge Ltd.

Axis Direct

We initiate coverage on Coforge Ltd (Coforge) with a BUY rating and Target Price of Rs 3,200, implying an upside of 16% from the current levels.

Coforge Ltd. is trading above its 200 day SMA of 1659.7

Coforge Ltd.

02 Mar 2021

1858.40

-0.85%

Post Conference Notes - Sustained Demand Momentum!

Buy: Coforge Ltd.

Target

Prabhudas Lilladhar

Coforge Ltd. has gained 33.93% in the last 3 Months

Coforge Ltd.

11 Feb 2021

1858.40

-0.85%

EARNINGS UPDATE- COFORGE LTD 3QFY21

Buy: Coforge Ltd.

Recommendation 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 (18% of revenues), Insurance (32% of revenues), and Travel/ Transportation (20% of revenues). The company has around 115 active clients across US (49% of revenues), EMEA (36% of revenue) and Row (15% of revenues). The Company in 3QFY21 added 11 new clients and won 2 large...

Coforge Ltd. has an average target of 2200.00 from 8 brokers.

Coforge Ltd.

29 Jan 2021

1858.40

-0.85%

Coforge Ltd.

Buy: Coforge Ltd.

Recommendation Target

ICICI Securities Limited

Traction in BFS, insurance, healthcare to drive growth Coforge has been consistently winning large deals, which has been a key growth driver for the company. During the quarter, the company has won two large deals of US$45 million in insurance and US$20 million in Healthcare (reported in other segments). In addition, 75% of these large deals are on the cloud and digital side. Coforge is witnessing healthy traction in cloud, data and artificial intelligence (AI). This has led to healthy growth in digital revenues. The company is driving this growth via partnerships with...

Coforge Ltd. has an average target of 2200.00 from 8 brokers.

Coforge Ltd.

28 Jan 2021

1858.40

-0.85%

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 gained 55.29% in the last 1 Year

Coforge Ltd.

26 Oct 2020

1858.40

-0.85%

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. is trading below its 30 day SMA of 1874.4

Coforge Ltd.

23 Oct 2020, 12:00AM

1858.40

-0.85%

Coforge Ltd.

Hold: Coforge Ltd.

Recommendation Target

ICICI Securities Limited

Coforge Ltd. is trading below its 30 day SMA of 1874.4

Coforge Ltd.

23 Oct 2020, 12:00AM

1858.40

-0.85%

COFORGE LTD.

Sell: Coforge Ltd.

Target

Dolat Capital

Coforge Ltd. is trading above its 200 day SMA of 1659.7

Coforge Ltd.

23 Oct 2020, 12:00AM

1858.40

-0.85%

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 an average target of 2200.00 from 8 brokers.

Is NIIT Technologies Ltd. worth buying?

286 Votes:

Buy 72.03%

Sell 20.98%

Hold 6.99%

RESEARCH REPORTS

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