Coforge Ltd share price logo

Coforge Ltd Share Price (COFORGE)

₹66060.18%

bell
Get free price alerts. Set up your Free investment account to get Live Prices. >
Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Coforge Ltd

Key events for Coforge Ltd

  • Coforge Aims for Top-Quartile Growth; Axis Securities Recommends Buy - 22 Feb, 2024

    Coforge's management is optimistic about achieving top-quartile revenue growth in FY25. Meanwhile, Axis Securities has recommended buying Coforge stock on dips due to its strong execution capabilities and improved client engagement, setting a target price of Rs 6,905.

  • Coforge Stock Drops Amidst Listless IT Market - 20 Feb, 2024

    Coforge stock drops by 1.7% amidst a listless IT market as US inflation data keeps domestic IT stocks low and Jefferies predicts an increase in ESOP costs.

  • Coforge Stock Gains as Debt Concerns Ease - 19 Feb, 2024

    Coforge Ltd's low net debt to EBITDA ratio indicates a sensible approach to debt. The stock is up 2.05% on the day and has gained 56.89% in the last year.

  • Coforge Ltd Identified as Top Stock Pick - 12 Feb, 2024

    Soni Patnaik of JM Financial Services has identified Coforge Ltd as a top stock pick, recommending buying with a stop loss set at ₹6,500 and a target price range of ₹6,900 to ₹6,950. Over the past month, Coforge's stock has shown positive growth.

  • Coforge Ltd declares interim dividend of ₹19 per share - 05 Feb, 2024

    Coforge Ltd has declared an interim dividend of ₹19.00 per equity share for the Financial Year 2023-24, with a record date of February 05, 2024. Shares will trade ex-dividend on Monday.

  • Coforge CEO Sells Shares Worth Rs 1.3 Billion - 04 Feb, 2024

    Coforge Limited's CEO and Executive Director, Sudhir Singh, sold shares worth Rs 1.3 billion at a price of Rs 6,271 per share, reducing their total holding by 39%. This is the biggest insider sale of Coforge shares in the last year, which could be considered negative for investors.

  • Coforge Ltd declares 190% interim dividend - 03 Feb, 2024

    Coforge Ltd has declared an interim dividend of Rs. 19 per share equating to a 190 percent payout as compared to the face value of Rs. 10. The ex-dividend date is set for February 5, 2024. On January 15, the stock hit a new 52-week high at Rs. 6,789.

  • Coforge Reports Good Deal Wins in Q3 - 31 Jan, 2024

    Coforge Ltd has reported a rise in order intake to $354 million during Q3, with management maintaining full-year revenue guidance of 13-16% for the ongoing financial year.

  • Mixed Results for Coforge Ltd in Q3 - 25 Jan, 2024

    Coforge Ltd's Q3 revenues were in line with analyst predictions, but statutory earnings missed estimates by 3.9%. The CEO expects subdued demand in the IT sector, but remains optimistic about the company's growth.

  • Coforge Reports In-Line Q3 Results, Focuses on North America Expansion - 24 Jan, 2024

    Coforge Ltd's Q3 results were in line with market expectations, reporting a 14% YoY increase in revenue and 4.3% YoY increase in net income. The company plans to invest in expanding its presence in North America, where it currently derives 49% of its revenue.

Analyst Rating for Coforge Ltd stock

based on 26 analysts

BUY
61.54%
Buy
15.38%
Hold
23.08%
Sell

Based on 26 analysts offering long term price targets for Coforge Ltd. An average target of ₹6449

Source: S&P Global Market Intelligence

Coforge Ltd share Performance

  • ₹6590.15
    ₹6722.95
    ₹6606
    downward going graph

    0.24%

    Downside

    Day's Volatility:2.01%

    Upside

    1.77%

    downward going graph
  • ₹3564.75
    ₹6847.45
    ₹6606
    downward going graph

    46.04%

    Downside

    52 Weeks Volatility:49.69%

    Upside

    3.66%

    downward going graph
1 Month Return3.72 %
3 Month Return17.57 %
1 Year Return50.91 %
Previous Close₹6,617.70
Open₹6,675.00
Volume1.96L
Market Cap₹40,892.17Cr

Coforge Ltd Company Information

Coforge Limited is a leading provider of Information Technology solutions, offering Application Development and Maintenance, Managed Services, Cloud Computing, and Business Process Outsourcing to organizations across various sectors. Incorporated in 1992 as NIIT Technologies Limited, the company has evolved into a world class business, maintaining ISO 27001 standards and SEI CMMI Level 5 Version 1.2 certification. It has development centres around the world from New Delhi to London and Singapore. In 2002, NIIT Technologies became its own entity with restructuring and shortly after entered the Managed Services space. In 2008, the company launched its unique Fleet Management System and received numerous awards, including the ‘Banking and Finance ICT Innovation Award for Belgium/Luxembourg’. In 2015, Coforge Limited expanded into Latin America and Ireland, opened a Delivery Centre in Greater Noida and acquired a majority stake in Incessant Technologies. Over the years, the company has been enhancing its portfolio of services, offering Value Added Application Services in Software as a Service mode and investing in its advanced analytics platform. Some of the notable milestone projects include a Rs. 3440 million contract with the Airports Authority of India, setting up state-of-the-art Airport Operations Control Centers across 10 cities, and a multi-year contract with the national airline of Ireland. In 2021, Coforge Limited completed an acquisition of majority stake in M/s SLK Global Solutions Private Limited. The company is committed to helping their clients stay competitive by leveraging its innovative capabilities and domain expertise.

Share Price: ₹6606.00 per share as on 23 Feb, 2024 04:01 PM
Market Capitalisation: ₹40,892.17Cr as of today
Revenue: ₹2,323.30Cr as on December 2023 (Q4 23)
Net Profit: ₹242.80Cr as on December 2023 (Q4 23)
Listing date: 30 Aug, 2004
Chairperson Name: Basab Pradhan
OrganisationCoforge Ltd
Headquarters
IndustryIT - Software
E-voting on sharesClick here to vote

Fundamentals of Coforge Ltd

Insights on Coforge Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 42.29% to 42.77% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 13 quarters, 1.19K Cr → 2.33K Cr (in ₹), with an average increase of 5.4% per quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, COFORGE has outperformed top 5 stocks with highest market-cap in IT Services & Consulting

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 4 quarters, 114.8 Cr → 238.0 Cr (in ₹), with an average increase of 21.1% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, HCL Technologies Ltd has given 52.1% return, outperforming this stock by 1.2%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, COFORGE stock has moved down by -2.2%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 34.36% to 34.04% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 11.35% to 10.94% in Dec 2023 quarter

Coforge Ltd Valuation

Coforge Ltd in the last 5 years

  • Overview

  • Trends

Lowest (12.30x)

March 23, 2020

Industry (39.91x)

February 23, 2024

Today (57.91x)

February 23, 2024

Highest (68.58x)

September 23, 2021

LowHigh

Coforge Ltd Mutual Fund Holdings

Funds Holdings
HDFC Mid-Cap Opportunities Fund -Direct Plan - Growth OptionHDFC Mid-Cap Opportunities Fund -Direct Plan - Growth Option2.91%
UTI Flexi Cap Fund - Growth Option - DirectUTI Flexi Cap Fund - Growth Option - Direct3.07%
Motilal Oswal Flexicap Fund Direct Plan GrowthMotilal Oswal Flexicap Fund Direct Plan Growth7.19%
Axis Midcap Fund Direct Plan GrowthAxis Midcap Fund Direct Plan Growth2.12%
Motilal Oswal Midcap Direct GrowthMotilal Oswal Midcap Direct Growth6.27%

Coforge Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
0%
0.00
Foreign Institutions
34.04%
-0.93
Mutual Funds
42.77%
1.14
Retail Investors
10.94%
-3.61
Others
12.25%
2.07

Technicals of Coforge Ltd share

News & Events of Coforge Ltd

Frequently Asked Questions

  • Get a PAN card.
  • Open a Demat account.
  • Open a Trading account.
  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy Coforge Ltd shares.

Coforge Ltd (COFORGE) share price today is ₹6606

Coforge Ltd is listed on NSE

Coforge Ltd is listed on BSE

  • Today’s highest price of Coforge Ltd is ₹6722.95.
  • Today’s lowest price of Coforge Ltd is ₹6590.15.

PE Ratio of Coforge Ltd is 57.91

PE ratio = Coforge Ltd Market price per share / Coforge Ltd Earnings per share

Today’s traded volume of Coforge Ltd(COFORGE) is 1.96L.

Today’s market capitalisation of Coforge Ltd(COFORGE) is ₹40892.17Cr.

Coforge Ltd(COFORGEPrice
52 Week High
₹6847.45
52 Week Low
₹3564.75

Coforge Ltd(COFORGE) share price is ₹6606. It is down -3.53% from its 52 Week High price of ₹6847.45

Coforge Ltd(COFORGE) share price is ₹6606. It is up 85.31% from its 52 Week Low price of ₹3564.75

Coforge Ltd(COFORGEReturns
1 Day Returns
-11.7%
1 Month Returns
3.72%
3 Month Returns
17.57%
1 Year Returns
50.91%