|
17 Sep 2025 |
Coforge
|
Consensus Share Price Target
|
1793.80 |
1875.94 |
- |
4.58 |
buy
|
|
|
|
|
21 Oct 2022
|
Coforge
|
Motilal Oswal
|
1793.80
|
3820.00
|
3862.10
(-53.55%)
|
Target met |
Neutral
|
|
|
|
|
21 Oct 2022
|
Coforge
|
ICICI Direct
|
1793.80
|
4570.00
|
3862.10
(-53.55%)
|
Target met |
Buy
|
|
|
|
|
21 Oct 2022
|
Coforge
|
ICICI Securities Limited
|
1793.80
|
4123.00
|
3862.10
(-53.55%)
|
Target met |
Accumulate
|
|
|
Coforge reported strong revenue growth of 6.2% QoQ CC in Q2FY23.
|
|
21 Oct 2022
|
Coforge
|
Axis Direct
|
1793.80
|
4275.00
|
3862.10
(-53.55%)
|
Target met |
Buy
|
|
|
We recommend a Buy rating on the stock and assign a 23x P/E multiple to its FY24E earnings of Rs 189.6/share which gives a TP of Rs 4,275 /share. TP implies an upside of 11% from the CMP.
|
|
27 Jul 2022
|
Coforge
|
Chola Wealth Direct
|
1793.80
|
4760.00
|
3787.45
(-52.64%)
|
Target met |
Buy
|
|
|
|
|
25 Jul 2022
|
Coforge
|
ICICI Securities Limited
|
1793.80
|
4018.00
|
3726.45
(-51.86%)
|
Target met |
Accumulate
|
|
|
Coforge has reported revenue of US$238.7mn, 4.7% QoQ CC below our estimate of 5.5% due to decline in the insurance vertical (-6.3% QoQ CC) in Q1FY23, which in turn was a result of an overall decline in volumes and some client-specific issues. Management expects the insurance vertical to show strong rebound Q2 onwards.
|
|
23 Jul 2022
|
Coforge
|
Prabhudas Lilladhar
|
1793.80
|
4031.00
|
3789.50
(-52.66%)
|
Target met |
Buy
|
|
|
|
|
22 Jul 2022
|
Coforge
|
ICICI Direct
|
1793.80
|
4375.00
|
3726.45
(-51.86%)
|
Target met |
Buy
|
|
|
|
|
16 May 2022
|
Coforge
|
Yes Securities
|
1793.80
|
4654.00
|
3786.95
(-52.63%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
13 May 2022
|
Coforge
|
Chola Wealth Direct
|
1793.80
|
4760.00
|
3743.25
(-52.08%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|