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Coforge jumps on launching ARC for healthcare industry Coforge is currently trading at Rs. 5598.40, up by 115.45 points or 2.11% from its previous closing of Rs. 5482.95 on the BSE. The scrip opened at Rs. 5500.00 and has touched a high and low of Rs. 5631.60 and Rs. 5485.00 respectively. So far 7812 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5631.60 on 05-Sep-2023 and a 52 week low of Rs. 3210.00 on 19-Sep-2022. Last one week high and low of the scrip stood a...
Coforge jumps on launching ARC for healthcare industry
Coforge jumps on launching ARC for healthcare industry
Source: Accord Fintech
5/09/2023 1:46:55 PM
Coforge shines on launching Coforge Quasar Coforge is currently trading at Rs. 5029.95, up by 118.35 points or 2.14% from its previous closing of Rs. 4911.60 on the BSE. The scrip opened at Rs. 4790.00 and has touched a high and low of Rs. 5090.00 and Rs. 4710.00 respectively. So far 328240 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5420.00 on 16-Aug-2023 and a 52 week low of Rs. 3210.00 on 19-Sep-2022. Last one week high and low of the scrip stood...
Coforge shines on launching Coforge Quasar
Coforge shines on launching Coforge Quasar
Source: Accord Fintech
24/08/2023 10:03:53 AM
Buy Coforge Ltd For Target Rs.5,300 - JM Financial Institutional Securities Ltd Coforge reported a 2.7% CC QoQ revenue growth, ahead of JMFe: 2.4%. More importantly, the company reported a record high USD 531mn TCV of deal wins (c.2x book-to-bill) and a 20% rise in 12-M executable order book (EOB). These lend visibility not only to current year growth but also beyond. The company reiterated its FY24E cc revenue guidance of 13-16%. Although that would imply a 3-5% CQGR, a 1.3x revenue conversion to 12-M EOB conversion ratio makes it achievable, in our view. 1Q margin miss...
Buy Coforge Ltd For Target Rs.5,300 - JM Financial Institutional Securities Ltd
Buy Coforge Ltd For Target Rs.5,300 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
21/07/2023 3:51:50 PM
Coforge logs 21.4% increase in revenue, net employee headcount up 1,000 Global IT solutions organization Coforge on Thursday reported 21.4 per cent increase in revenue (year-on-year) for the first quarter of FY24, saying that net headcount increased by 1,000 employees during the quarter. Revenue for the quarter was $271.8 million, up 2.7 per cent (on-quarter) and adjusted EBITDA margin for the quarter stood at 16 per cent. The board has recommended an interim dividend of Rs 19 per share, and the date for this payout will be August 3, the company said in a s...
Coforge logs 21.4% increase in revenue, net employee headcount up 1,000
Coforge logs 21.4% increase in revenue, net employee headcount up 1,000
Source: IANS
20/07/2023 5:55:26 PM
Buy Coforge Ltd For Target Rs. 4,620 - JM Financial Institutional Securities Coforge, in its Analyst Day, laid out a credible blueprint to double its revenues (from USD 1bn to USD 2bn) within the next five years. Credible, in our view, because it is predicated on a) a successful playbook of past five years – focussed (sub) verticals, partnerships and geographies; b) a realistic growth target – implied CAGR of c.15% versus past 5 year CAGR of 17% (USD terms); and c) existing building blocks – sales, delivery engine in place. The company expects increm...
Buy Coforge Ltd For Target Rs. 4,620 - JM Financial Institutional Securities
Buy Coforge Ltd For Target Rs. 4,620 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2/07/2023 11:05:07 AM
Buy Coforge Ltd For Target Rs.5,480 - Yes Securities Outlook remains resilient for FY24 We attended COFORGE’s Investor Day where in the management highlighted the current business environment and FY24 outlook for Coforge. The focus remains on maintaining robust execution for driving consistent performance even as the nearterm demand environment remains challenging. The 12 month executable order book offers visibility about revenue growth for FY24. Clients remain cautious and are taking more time especially with regard to signing of new...
Buy Coforge Ltd For Target Rs.5,480 - Yes Securities
Buy Coforge Ltd For Target Rs.5,480 - Yes Securities
Source: Yes Securities Ltd
28/06/2023 2:26:48 PM
Coforge climbs on inking pact with FundMore Coforge is currently trading at Rs. 4506.30, up by 102.55 points or 2.33% from its previous closing of Rs. 4403.75 on the BSE. The scrip opened at Rs. 4405.05 and has touched a high and low of Rs. 4565.70 and Rs. 4392.30 respectively. So far 7417 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4649.60 on 02-Jun-2023 and a 52 week low of Rs. 3210.00 on 19-Sep-2022. Last one week high and low of the scrip stood a...
Coforge climbs on inking pact with FundMore
Coforge climbs on inking pact with FundMore
Source: Accord Fintech
12/06/2023 4:03:02 PM
Stock Picks : Reliance Industries Ltd and Coforge Ltd By ICICI Direct Reliance Industries Ltd Buy Reliance Industries 2452-2455.00 CMP 2455; Target 2479.80; Stop Loss 2437.70   Coforge Ltd Buy Coforge Ltd 4365-4370.00 CMP 4370.95; Target 529.80; Stop Loss 4337.40     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration num...
Stock Picks : Reliance Industries Ltd and Coforge Ltd By ICICI Direct
Stock Picks : Reliance Industries Ltd and Coforge Ltd By ICICI Direct
Source: ICICI Direct
23/05/2023 10:59:11 AM
Stock Picks : United Spirits Ltd By ICICI Direct United Spirits Ltd Buy United Spirits Ltd 427- 428 CMP 802.45 ; Target 811.80; Stop Loss 791.70   Coforge Ltd Buy Coforge Ltd 427- 428 CMP 4204.00 ; Target 4257.00; Stop Loss 4153.70   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above ...
Stock Picks : United Spirits Ltd By ICICI Direct
Stock Picks : United Spirits Ltd By ICICI Direct
Source: ICICI Direct
17/05/2023 11:26:54 AM
Stock Picks : Hindustan Unilever Ltd and Coforge Ltd By ICICI Direct Hindustan Unilever Ltd Buy Hindustan Unilever Ltd @2473-2477 CMP 2486.00; Target 2507.00; Stop Loss 2454.30   Coforge Ltd Buy Coforge Ltd @4072-4078 CMP 4099.25; Target 4119.00; Stop Loss 4047.30   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   ...
Stock Picks : Hindustan Unilever Ltd and Coforge Ltd By ICICI Direct
Stock Picks : Hindustan Unilever Ltd and Coforge Ltd By ICICI Direct
Source: ICICI Direct
4/05/2023 12:06:25 PM
India`s Coforge revenue forecast outpaces larger peers, shares rise Indian IT services provider Coforge Ltd's fourth-quarter revenue and its revenue growth forecast for fiscal year 2024 were roughly in line with analysts estimates, in contrast to weaker-than-expected outlooks from its bigger peers. Coforge's shares were up 1.4% in midday trading on Thursday, compared with a 0.8% rise in the Nifty IT index, while the benchmark Nifty 50 index was up 0.18%. The top three Indian IT firms – Tata Consultancy Services Ltd, Infosys Ltd and HCL Tec...
India`s Coforge revenue forecast outpaces larger peers, shares rise
India`s Coforge revenue forecast outpaces larger peers, shares rise
Source: Reuters
27/04/2023 1:02:41 PM
Buy Coforge Ltd For Target Rs.4980 - Yes Securities Robust Deal booking despite macro concerns Result Synopsis Coforge (COFORGE) reported mixed financial performance for the quarter. Both revenue growth and EBIT margin for the quarter were slightly below estimates It reported constant currency growth of 3.7% QoQ, led by Manufacturing vertical( up 8.3% QoQ). The INR reported growth of 4.9% QoQ was supported by depreciation of INR by 2.9% QoQ vs USD. There was sequential improvement in EBIT margin(up 11 bps QoQ) led by improving employee p...
Buy Coforge Ltd For Target Rs.4980 - Yes Securities
Buy Coforge Ltd For Target Rs.4980 - Yes Securities
Source: Yes Securities Ltd
2/03/2023 12:10:55 PM
Coforge gains on launching Quasar e-BOL for freight movement industry Coforge is currently trading at Rs. 4278.20, up by 74.20 points or 1.76% from its previous closing of Rs. 4204.00 on the BSE. The scrip opened at Rs. 4185.55 and has touched a high and low of Rs. 4284.70 and Rs. 4176.80 respectively. So far 4252 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4870.00 on 09-Mar-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022. Last one week high and low of the scrip stood at...
Coforge gains on launching Quasar e-BOL for freight movement industry
Coforge gains on launching Quasar e-BOL for freight movement industry
Source: Accord Fintech
20/02/2023 12:29:36 PM
Coforge gains on partnering with Transcard Coforge is currently trading at Rs. 4318.40, up by 11.30 points or 0.26% from its previous closing of Rs. 4307.10 on the BSE. The scrip opened at Rs. 4322.60 and has touched a high and low of Rs. 4341.00 and Rs. 4260.10 respectively. So far 2760 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4870.00 on 09-Mar-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022. Last one week high and low of the scrip stood at...
Coforge gains on partnering with Transcard
Coforge gains on partnering with Transcard
Source: Accord Fintech
6/02/2023 11:41:11 AM
Buy Coforge Ltd For Target Rs. 4,790 - JM Financial Institutional Securities In a sweet spot Coforge’s 3Q performance (3.7% CC QoQ growth; flat margins) moderated a tad more than expected largely due to seasonal factors. Raised FY23E revenue (+22% in CC terms; up from 20% earlier) and reiteration of margin guidance despite a steep ask for 4Q (+210bps QoQ) indicate 3Q softness is transitory. Sustained deal wins (USD 345mn TCV) suggest Coforge’s sales engine is working well even as spends shift from discretionary to efficiency driven programs. Coforge and...
Buy Coforge Ltd For Target Rs. 4,790 - JM Financial Institutional Securities
Buy Coforge Ltd For Target Rs. 4,790 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
28/01/2023 10:56:54 AM
Coforge soars on reporting 20% rise in Q3 consolidated net profit Coforge is currently trading at Rs. 4221.20, up by 254.80 points or 6.42% from its previous closing of Rs. 3966.40 on the BSE. The scrip opened at Rs. 4002.10 and has touched a high and low of Rs. 4240.10 and Rs. 4002.10 respectively. So far 26305 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5403.25 on 20-Jan-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022. Last one week high and low of the scrip stood ...
Coforge soars on reporting 20% rise in Q3 consolidated net profit
Coforge soars on reporting 20% rise in Q3 consolidated net profit
Source: Accord Fintech
20/01/2023 12:07:22 PM
Buy Coforge Ltd For Target Rs.4,630 - Anand Rathi Share and Stock Brokers * Coforge Limited reported revenue growth from operation of 24.9% YoY at ?19,594 million during Q2-FY23 as against ?15,694 million in Q2-FY22. In Dollar terms, revenues were up 16% to $246.9. In Constant Currency terms, revenues were up 22%. Growth was led by Banking and Financial Service segment. * The company reported EBITDA of ?3,371 million in Q2-FY23 as against ?2,747 million in Q2-FY22, growth of 22.7% YoY. EBITDA Margins for Q2-FY23 stood at ~17.2%. On a sequential basis EBITDA marg...
Buy Coforge Ltd For Target Rs.4,630 - Anand Rathi Share and Stock Brokers
Buy Coforge Ltd For Target Rs.4,630 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
6/12/2022 2:38:55 PM
Weekly Tech Picks: APL Apollo Tubes Ltd, L&T Finance Holdings Ltd, Coforge Ltd, Dalmia Bharat Ltd By Axis Securities APL Apollo Tubes Ltd. • APL Apollo Tubes Ltd on the weekly time frame has decisively broken out above the “multiple resistance zone” which was placed between 1150-1177 levels. • Stock is also respecting the upward sloping trendline and forming a higher high-low on weekly chart. This formation indicates a positive uptrend.. • The breakout is accompanied with an increase in volume confirming participation at breakout level. • The daily and weekly stre...
Weekly Tech Picks: APL Apollo Tubes Ltd, L&T Finance Holdings Ltd, Coforge Ltd, Dalmia Bharat Ltd By Axis Securities
Weekly Tech Picks: APL Apollo Tubes Ltd, L&T Finance Holdings Ltd, Coforge Ltd, Dalmia Bharat Ltd By Axis Securities
Source: Axis Securities Ltd
5/12/2022 12:32:10 PM
Stock Picks - Coforge Ltd And ACC Ltd By ICICI Direct Coforge Ltd Buy Coforge Ltd @ 3970-3976 CMP 3979.40 Stop Loss 3943.30 Target 3998.70/4025.00   ACC Ltd Buy ACC Ltd @ 2522-2526 CMP 2527.10 Stop Loss 2502.70 Target 2544.70/2565.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   ...
Stock Picks - Coforge Ltd And ACC Ltd By ICICI Direct
Stock Picks - Coforge Ltd And ACC Ltd By ICICI Direct
Source: ICICI Direct Ltd
29/11/2022 11:22:04 AM
Buy Coforge Ltd For Target Rs.4570 - ICICI Direct Attrition lowest among IT services companies… About the stock: Coforge offers system integration, apps & BPO services to BFSI, travel & healthcare verticals. * Revenues grew at 18.1% CAGR in the past five years * Healthy OCF, EBITDA (~75%) and robust return ratios (RoCE > 20%) Q2FY23 Results: Coforge reported strong Q2FY23 results. * Revenue grew 6.2% QoQ in CC terms & 3.4% QoQ in dollar terms * Adjusted EBITDA margin improved ~190 bps QoQ to 18.4% *...
Buy Coforge Ltd For Target Rs.4570 - ICICI Direct
Buy Coforge Ltd For Target Rs.4570 - ICICI Direct
Source: ICICI Direct Ltd
27/10/2022 12:36:49 PM
Buy Coforge Ltd For Target Rs.4,639 - Yes Securities Strong performance on all parameters; near term visibility remains strong Result Synopsis Coforge (COFORGE) reported strong financial performance for the quarter. Both revenue growth and EBIT margin for the quarter was inline with estimates It reported constant currency growth of 6.2% QoQ, led by BFS vertical( up 11.1% QoQ). The INR reported growth of 7.1% QoQ was supported by depreciation of INR by 3.4% QoQ vs USD. There was sequential improvement in EBIT margin(up 194 bps QoQ) led by ...
Buy Coforge Ltd For Target Rs.4,639 - Yes Securities
Buy Coforge Ltd For Target Rs.4,639 - Yes Securities
Source: Yes Securities Ltd
26/10/2022 12:47:35 PM
Hold Coforge Ltd For Target Rs.3,550 - Emkay Global Financial Services Ltd In-line operating performance For Q2FY23, Coforge’s operating performance was broadly in line with our estimates; however, lower ETR led to beat on the profit front. BFS grew in double digits sequentially in constant currency (CC) terms for the second quarter in a row, reflecting strong deal momentum and resilient demand. Management remains watchful of evolving macro situations and is cautiously optimistic on the growth outlook. Management expects usual furloughs in Q3FY23. The compa...
Hold Coforge Ltd For Target Rs.3,550 - Emkay Global Financial Services Ltd
Hold Coforge Ltd For Target Rs.3,550 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
25/10/2022 9:59:45 AM
Coforge trades higher on the BSE Coforge is currently trading at Rs. 3685.00, up by 45.85 points or 1.26% from its previous closing of Rs. 3639.15 on the BSE. The scrip opened at Rs. 3655.00 and has touched a high and low of Rs. 3725.00 and Rs. 3640.70 respectively. So far 44659 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022. Last one week high and low of the scrip stood a...
Coforge trades higher on the BSE
Coforge trades higher on the BSE
Source: Accord Fintech
11/10/2022 11:11:11 AM
Coforge rises on partnering with Databricks to help organizations generate actionable insights from data Coforge is currently trading at Rs. 3339.90, up by 1.50 points or 0.04% from its previous closing of Rs. 3338.40 on the BSE. The scrip opened at Rs. 3325.00 and has touched a high and low of Rs. 3366.30 and Rs. 3309.00 respectively. So far 9084 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022. Last one week high and low of the scrip stood at ...
Coforge rises on partnering with Databricks to help organizations generate actionable insights from data
Coforge rises on partnering with Databricks to help organizations generate actionable insights from data
Source: Accord Fintech
21/09/2022 3:46:10 PM
Neutral Coforge Ltd For Target Rs.3,630 - Motilal Oswal Financial Services Guidance intact despite a margin miss Growth outlook factored into valuations * COFORGE reported an in line revenue growth of 4.7%/2.7% QoQ in constant currency (CC)/USD terms in 1QFY23. Growth was led by BFS (+9.4% QoQ), while Insurance fell by 7.7%. It reported an order intake of USD315m, implying a book-to-bill ratio of 1.3x, including an over USD50m deal. EBITDA margin (pre-RSU) of 16.5% (down 390bp QoQ) missed our estimate of 17.8%. The management reiterated its FY23 EBITDA margin ...
Neutral Coforge Ltd For Target Rs.3,630 - Motilal Oswal Financial Services
Neutral Coforge Ltd For Target Rs.3,630 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
20/09/2022 12:03:37 PM
Add Coforge Ltd For Target Rs.4190 - ICICI Securities Coforge (NIITEC): Breakout above a falling channel indicates extension of the pullback rally * The Technology stocks are witnessing a technical rebound after the price and time wise correction in the last six months. Within the midcap IT space we remain constructive on Coforge as it has registered a breakout above the falling channel containing decline since January 2022 and is seen sustaining above the same post its Q1FY23 numbers signalling extension of the current pullback rally and off...
Add Coforge Ltd For Target Rs.4190 - ICICI Securities
Add Coforge Ltd For Target Rs.4190 - ICICI Securities
Source: ICICI Direct Ltd
14/09/2022 9:27:56 AM
Coforge surges on opening center of excellence for Metaverse and Web3 Coforge is currently trading at Rs. 3559.60, up by 48.10 points or 1.37% from its previous closing of Rs. 3511.50 on the BSE. The scrip opened at Rs. 3575.00 and has touched a high and low of Rs. 3585.00 and Rs. 3544.00 respectively. So far 962 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3224.45 on 15-Jun-2022. Last one week high and low of the scrip stood at ...
Coforge surges on opening center of excellence for Metaverse and Web3
Coforge surges on opening center of excellence for Metaverse and Web3
Source: Accord Fintech
30/08/2022 11:08:53 AM
Hold Coforge Ltd For Target Rs.3,400 - Emkay Global Financial Services Ltd * Coforge’s Q1FY23 revenue performance was slightly above our estimates, while margins missed our expectations. Revenues grew by 2.7% QoQ to USD238.7mn (4.7% CC). EBITM was down by ~300bps QoQ to 12.5% and came in 50bps below our estimates. * The company has guided for at least 20% CC YoY revenue growth for FY23 (around 20% earlier), considering the solid deal intake, NTM order book, and a strong pipeline. It has retained adj. EBITDAM (ex-ESOP and acquisition costs) guidance of 18.5-...
Hold Coforge Ltd For Target Rs.3,400 - Emkay Global Financial Services Ltd
Hold Coforge Ltd For Target Rs.3,400 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
28/08/2022 2:09:27 PM
Coforge trades higher on the BSE Coforge is currently trading at Rs. 3789.00, up by 57.35 points or 1.54% from its previous closing of Rs. 3731.65 on the BSE. The scrip opened at Rs. 3673.30 and has touched a high and low of Rs. 3834.00 and Rs. 3673.30 respectively. So far 17636 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3224.45 on 15-Jun-2022. Last one week high and low of the scrip stood a...
Coforge trades higher on the BSE
Coforge trades higher on the BSE
Source: Accord Fintech
25/07/2022 2:31:43 PM
Coforge Q1 net profit down 21.61% at Rs 134.60 cr The company reported standalone net profit of Rs 134.60 crore for the quarter ended June 30, 2022 as compared to Rs 171.70 crore in the same period last year, registering a year-on-year decline of 21.61 per cent. Net revenue of the company rose substantially by 31.89 per cent at Rs 971.90 crore in April-June quarter of this fiscal as against Rs 736.90 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 30.47 per cent to Rs 877.90 crore from ...
Coforge Q1 net profit down 21.61% at Rs 134.60 cr
Coforge Q1 net profit down 21.61% at Rs 134.60 cr
Source: Dion Global Solutions Ltd
22/07/2022 12:51:09 PM
Coforge gains on partnering with Newgen Software Coforge is currently trading at Rs. 3582.00, up by 35.05 points or 0.99% from its previous closing of Rs. 3546.95 on the BSE. The scrip opened at Rs. 3552.05 and has touched a high and low of Rs. 3600.00 and Rs. 3523.50 respectively. So far 7233 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3224.45 on 15-Jun-2022. Last one week high and low of the scrip stood at...
Coforge gains on partnering with Newgen Software
Coforge gains on partnering with Newgen Software
Source: Accord Fintech
6/07/2022 12:33:08 PM
Coforge rises on entering into partnership with Estes Express Lines Coforge is currently trading at Rs. 3416.15, up by 37.45 points or 1.11% from its previous closing of Rs. 3378.70 on the BSE. The scrip opened at Rs. 3383.15 and has touched a high and low of Rs. 3421.55 and Rs. 3340.00 respectively. So far 7795 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3224.45 on 15-Jun-2022. Last one week high and low of the scrip stood at...
Coforge rises on entering into partnership with Estes Express Lines
Coforge rises on entering into partnership with Estes Express Lines
Source: Accord Fintech
20/06/2022 12:00:14 PM
Stock Picks - Coforge Ltd and Jindal Steel Power Ltd By ICICI Direct Coforge Ltd Sell Coforge Ltd @ 3308.00-3312.00 CMP 3311.80 Stop Loss 3341.00 Target 3286.00/3261.00   Jindal Steel Power Ltd Sell Jindal Steel Power Ltd @ 351.00-352.00 CMP 351.55 Stop Loss 354.70 Target 348.60/345.50     To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Above views are o...
Stock Picks - Coforge Ltd and Jindal Steel Power Ltd By ICICI Direct
Stock Picks - Coforge Ltd and Jindal Steel Power Ltd By ICICI Direct
Source: ICICI Direct
14/06/2022 11:48:30 AM
Coforge gains on partnering with Sysdig Coforge is currently trading at Rs. 3819.35, up by 21.95 points or 0.58% from its previous closing of Rs. 3797.40 on the BSE. The scrip opened at Rs. 3767.00 and has touched a high and low of Rs. 3874.15 and Rs. 3761.05 respectively. So far 3090 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3352.80 on 26-May-2022. Last one week high and low of the scrip stood at...
Coforge gains on partnering with Sysdig
Coforge gains on partnering with Sysdig
Source: Accord Fintech
2/06/2022 10:12:39 AM
Buy Coforge Ltd For Target Rs.4,654 - Yes Securities Growth outlook remains strong over medium term Our view Overall, strong performance along with sequential improvement in margin in this tough supply constrained environment. While, the performance remains broadbased, the pickup in travel and transportation vertical has been supporting growth. The demand environment remains strong and the robust deal booking offers strong revenue visibility for FY23 and it would remain among the growth leaders in tier 2 IT space.  The guidance ...
Buy Coforge Ltd For Target Rs.4,654 - Yes Securities
Buy Coforge Ltd For Target Rs.4,654 - Yes Securities
Source: Yes Securities Ltd
16/05/2022 11:52:02 AM
Add Coforge Ltd For Target Rs.4,514 - ICICI Securities Well positioned Coforge reported revenue of US$232.4mn, growing 4.9% QoQ (above our estimates of +4%). In CC terms, revenue grew 5% QoQ. For FY22, it grew 38% YoY US$ (37.6% YoY CC). On an organic basis, growth was 24.9% YoY US$ for FY22. Fresh order intake stood at US$301mn, +22% QoQ US$, which includes a US$50mn+ deal won in the US. For the full year, order intake was US$1.15bn, +48% YoY. Coforge signed 11 large deals in FY22. Strong bounce back in travel industry and sustained momentum ...
Add Coforge Ltd For Target Rs.4,514 - ICICI Securities
Add Coforge Ltd For Target Rs.4,514 - ICICI Securities
Source: ICICI Securities Ltd
13/05/2022 12:25:17 PM
Coforge Q4 net profit zooms 375.73% at Rs 180.30 cr The company reported standalone net profit of Rs 180.30 crore for the quarter ended March 31, 2022 as compared to Rs 37.90 crore in the same period last year, registering a year-on-year growth of 375.73 per cent. Net revenue of the company rose substantially by 43.74 per cent at Rs 884.30 crore in January-March quarter of this fiscal as against Rs 615.20 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 37.01 per cent to Rs 765.60 crore...
Coforge Q4 net profit zooms 375.73% at Rs 180.30 cr
Coforge Q4 net profit zooms 375.73% at Rs 180.30 cr
Source: Dion Global Solutions Ltd
12/05/2022 2:53:21 PM
Coforge jumps on extending partnership with Cisco AppDynamics Coforge is currently trading at Rs. 4337.35, up by 187.65 points or 4.52% from its previous closing of Rs. 4149.70 on the BSE. The scrip opened at Rs. 4201.00 and has touched a high and low of Rs. 4340.20 and Rs. 4201.00 respectively. So far 20593 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 2706.00 on 26-Mar-2021. Last one week high and low of the scrip stood ...
Coforge jumps on extending partnership with Cisco AppDynamics
Coforge jumps on extending partnership with Cisco AppDynamics
Source: Accord Fintech
16/03/2022 1:15:09 PM
Buy Coforge Ltd For Target Rs.7,357 - Edelweiss Financial Services Topline growth; margin expansion Coforge reported Q3FY22 numbers: revenue grew 4.2% QoQ to USD221.6mn, missing our and Street’s estimates of USD224mn and USD225.3mn, respectively. EBITDA margin expanded 90bps QoQ to 19.5%, lower than our estimate of 20.2% but higher than Street’s estimates 18.8%. Net profit rose 25.2% QoQ to INR1.8bn. Organic revenue increased 5.7% QoQ in CC. Management highlighted that it is trying to deliver stronger growth and equally committed to expandi...
Buy Coforge Ltd For Target Rs.7,357 - Edelweiss Financial Services
Buy Coforge Ltd For Target Rs.7,357 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
8/02/2022 9:27:44 AM
Hold Coforge Ltd For Target Rs.5,300 - Emkay Global In-line operating performance; FY22 revenue guidance raised * Coforge’s Q3FY22 revenues grew by 4.3% QoQ to USD221.5mn (5.2% CC), a tad higher than our estimates. EBITM expanded by 120bps QoQ to 14.8% on the back of the offshore shift, flattening of the employee pyramid and other operating efficiencies. * Coforge has raised its organic revenue growth guidance to ~24% YoY CC (earlier at least 22%), based on 9M performance, solid deal intake, NTM order book and strong pipeline. It h...
Hold Coforge Ltd For Target Rs.5,300 - Emkay Global
Hold Coforge Ltd For Target Rs.5,300 - Emkay Global
Source: Emkay Global Financial Services Ltd
2/02/2022 9:50:56 AM
Stock Picks - Buy Coforge Ltd For Target Rs.6010 - ICICI Direct Technical Observations * IT index in the last 3 months has witnessed healthy consolidation after a sharp rally during MarchSeptember 2021.The index during the current breather is seen forming a higher base above the 50 days EMA which has acted as strong support since May 2020signaling robust price structure. One of the preferred pick within the midcap IT stock is Coforge, which we expect to outperform * The stock is at the cusp of breaking above last 2 months triangular consolidati...
Stock Picks - Buy Coforge Ltd For Target Rs.6010 - ICICI Direct
Stock Picks - Buy Coforge Ltd For Target Rs.6010 - ICICI Direct
Source: ICICI Direct
27/12/2021 11:50:41 AM
Stock Picks - Coforge​​​​​​​ Ltd and Tata Chemical​​​​​​​ Ltd By ICICI Direct Coforge Buy Coforge Ltd @ 5300.00-5306.00 CMP 5305.00 TGT 5407.00 SL 5251.40   Tata Chemical Buy Tata Chemical Ltd @ 902.00-904.00 CMP 903.90 TGT 921.00 SL 894.70   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & academic purpose ...
Stock Picks - Coforge​​​​​​​ Ltd and Tata Chemical​​​​​​​ Ltd By ICICI Direct
Stock Picks - Coforge​​​​​​​ Ltd and Tata Chemical​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
3/12/2021 11:15:25 AM
Buy Coforge Ltd For Target Rs.5870 - ICICI Direct Organic revenue guidance revised further upwards… About the stock: Coforge offers system integration, apps & BPO services to BFSI, travel & healthcare verticals. * Coforge’s revenues and PAT have grown at a CAGR of ~12% each over the past five years * Healthy OCF/EBITDA (~75%) and robust return ratios (RoCE > 20%)   Q2FY22 Results: Coforge reported robust Q2FY22 results on the revenue front. * Dollar revenues increased 6.5% QoQ of which organic w...
Buy Coforge Ltd For Target Rs.5870 - ICICI Direct
Buy Coforge Ltd For Target Rs.5870 - ICICI Direct
Source: ICICI Direct
23/11/2021 12:14:44 PM
Neutral Coforge Ltd For Target Rs.5,440 - Motilal Oswal Strong all round delivery, valuations steep Robust FY22 performance priced in * COFORGE reported an organic revenue growth of 3.9% QoQ CC in 2QFY22. Including the one-month incremental contribution from SLK Global, revenue growth stood in line at 6.6% QoQ (USD). Growth was driven by deal rampups in the Americas (+30% QoQ, including the impact from SLK Global). It reported an order intake of USD285m (-10% QoQ/+42% YoY), implying a book-to-bill ratio of 1.3x. This also included three...
Neutral Coforge Ltd For Target Rs.5,440 - Motilal Oswal
Neutral Coforge Ltd For Target Rs.5,440 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
19/11/2021 10:34:43 AM
Stock Picks - Coforge Ltd and Aurobindo Pharma Ltd By ICICI Direct Coforge Buy Coforge Ltd @ 5795.00-5805.00 CMP 5803.65 TGT 5894.00 SL 5752.80   Aurobindo Pharma Sell Tech Mahindra Ltd @ 667.00-669.00 CMP 667.70 TGT 656.00 SL 674.30   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & academic purpose o...
Stock Picks - Coforge Ltd and Aurobindo Pharma Ltd By ICICI Direct
Stock Picks - Coforge Ltd and Aurobindo Pharma Ltd By ICICI Direct
Source: ICICI Direct
18/11/2021 11:08:45 AM
Buy Coforge Ltd For Target Rs.5,945 - Yes Securities Growth outlook remains strong led by robust deals Our view While, the organic growth for the quarter was slightly below expectation, other operating and financial performance remained strong. The revenue guidance (22% in cc terms for FY22) remains strong led by robust deal win and it would remain among the growth leaders in tier 2 IT space. The company is expected to achieve improving margin trajectory over next two quarters led by higher offshoring and improving employee pyramid. We ma...
Buy Coforge Ltd For Target Rs.5,945 - Yes Securities
Buy Coforge Ltd For Target Rs.5,945 - Yes Securities
Source: Yes Securities Ltd
28/10/2021 10:26:16 AM
Coforge posts Q2 net loss of Rs 45.40 cr The company reported standalone net loss during the quarter stood at Rs 45.40 crore compared to net profit of Rs 44.60 crore in the previous year quarter.  Net revenue of the company declined substantially by 87.64 per cent at Rs 75.20 crore in July-September quarter of this fiscal as against Rs 608.40 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 94.15 per cent to Rs 31.20 crore from Rs 533.00 crore in year ago period. Other...
Coforge posts Q2 net loss of Rs 45.40 cr
Coforge posts Q2 net loss of Rs 45.40 cr
Source: Dion Global Solutions Ltd
26/10/2021 10:23:06 AM
Stock Picks - Kotak Mahindra Bank Ltd and Coforge Ltd By ICICI Direct Kotak Mahindra Bank Buy Kotak Mahindra Bank Ltd @ 2041.00-2045.00 CMP 2043.35 TGT 2077.00 SL 2024.70   Coforge  Buy Coforge Ltd @ 5875.00-5880.00 CMP 5878.05 TGT 5957.00 SL 5834,30   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information ...
Stock Picks - Kotak Mahindra Bank Ltd and Coforge Ltd By ICICI Direct
Stock Picks - Kotak Mahindra Bank Ltd and Coforge Ltd By ICICI Direct
Source: ICICI Direct
20/10/2021 10:51:26 AM