Coforge Ltd (COFORGE)

Coforge Appoints Om Prakash Bhatt as Additional Director and Chairperson of the Board - 22 Apr, 2024

Coforge has appointed Om Prakash Bhatt as an additional director and non-executive independent director on the board for a term of three years. Bhatt will also serve as the chairperson of the board from June 29, 2024, until the completion of his term.

Analysts Expect Sharp Margin Improvement for Coforge Ltd - 12 Apr, 2024

Coforge Ltd is expected to show sharp margin improvement of approximately 160/100 bps, benefiting from complete reversal of furloughs and operating leverage.

Coforge Honored with ServiceNow 2024 Emerging Industry Partner of the Year Award - 08 Apr, 2024

Coforge has been recognized as the ServiceNow 2024 Emerging Industry Partner of the Year - Worldwide for its exceptional growth trajectory and transformative value to clients. The award highlights Coforge's dedication and investment in expanding the ecosystem and contributing to ServiceNow's growth.

JP Morgan Assigns Overweight Call for Coforge Stock - 04 Apr, 2024

JP Morgan assigns an overweight call for Coforge Ltd, citing consistent execution in sales and operating leverage. The company's potential placement or extension of ESOP may lower profit margins and EPS for FY25 by 100 basis points. The share has dropped over 12% in the past month.

Coforge Plans QIP Fundraising for M&A Purposes - 03 Apr, 2024

Coforge is set to raise Rs. 3,200 crore through QIP for mergers and acquisitions while maintaining strong performance despite challenging environment. Sharekhan maintains a Buy rating with a target price of Rs. 7,670.

Coforge Ltd's Share Price Climbs 315% Over Last Five Years - 26 Mar, 2024

Despite a recent 16% decline in share price, Coforge Ltd has seen spectacular returns over the last five years with a 315% increase. The company managed to grow its earnings per share at 13% annually during that period, lower than the average annual increase of 33% in share price. However, the market has a higher opinion of the business now, reflected in its fairly high P/E ratio of 48.99.

Coforge Ltd Develops Innovative AI Platforms - 25 Mar, 2024

Coforge Ltd has introduced two innovative AI platforms, Coforge Quasar and Coforge Orion, to support Enterprise AI capabilities and transform various aspects of organizational operations. The company's shares have seen a 6% increase in the last six months and an impressive growth of 50% over the past year. However, on Friday, the company's shares closed at ₹5,544 per share, marking a decrease of 2.85%.