Coforge Ltd

(COFORGE)

Coforge Hits New High Amid Strong Growth Outlook - 19 Nov, 2024

Coforge shares reached a new high of Rs 8,236.95, up 3%, driven by a robust growth outlook and a $1.3 billion order book. The company added 13 new clients in Q2FY25, reflecting a 40% year-on-year growth. Analysts expect continued revenue visibility despite potential Q3 impacts from furloughs.

Coforge Reports Strong Growth and Bullish Trends - 18 Nov, 2024

Coforge has shown impressive financial performance with a 34.54% revenue increase in Q2FY25. Analysts recommend buying the stock, targeting ₹8,450, as it continues to rally strongly since May 2024.

Coforge Projects Strong Growth and Target Price - 16 Nov, 2024

Coforge is projected to achieve significant growth with a target price of Rs 10,000, reflecting a 23% upside. The company reported strong performance across various sectors and anticipates organic revenue growth of 19.0% in 2HFY25, driven by a diversified business model and expanding presence in high-growth areas.

Coforge Reports Strong Q2 Revenue Growth - 15 Nov, 2024

Coforge Ltd reported impressive revenue growth in Q2, driven by strong performance in Insurance, Travel, Government, and BFS sectors. Despite slightly lagging margins, the company secured three significant deals across Continental Europe, America, and the UK, including two new clients and one expansion.

Coforge Stock Breaks Out with Strong Technical Signals - 14 Nov, 2024

Coforge has shown solid performance, breaking above resistance levels and forming a bullish Cup and Handle pattern. This suggests potential for further gains as demand for digital transformation and cloud services remains strong.

Coforge Hits 52-Week High Amid Strong Growth - 12 Nov, 2024

Coforge shares rose 1.10%, reaching a 52-week high of ₹8,159, driven by strong Q2 FY25 results with 34.54% YoY revenue growth. The company projects mid-teen organic growth, supporting its high valuation.

Coforge Hits All-Time High, Bullish Outlook - 09 Nov, 2024

Coforge Ltd is currently trading at an all-time high, with strong performance in the Nifty IT sector. Analysts recommend accumulating shares in the Rs 7,960-7,920 range, targeting levels of Rs 8,300 and Rs 8,500 in the short term, with a stop-loss at Rs 7,700.

Coforge Highlighted for Growth Potential by Jefferies - 07 Nov, 2024

Jefferies has identified Coforge as a stock with high growth visibility and relatively cheaper valuations, suggesting a positive outlook for the company amid recent IT sector improvements.

Coforge Reports Strong Growth and Stock Performance - 28 Oct, 2024

Coforge Limited showcases robust financial performance with a 34% increase in quarterly sales and a strategic partnership with Salesforce. The stock hits a 52-week high, reflecting strong market confidence and growth expectations.

Coforge Receives Positive Outlook with Target Price Increase - 25 Oct, 2024

Coforge reported strong revenue growth, prompting Sharekhan to maintain a BUY rating with a revised target price of Rs 8,900. The company's order book also showed significant improvement.

Coforge Analysts Bullish After Strong Q2 Performance - 24 Oct, 2024

Following strong Q2 results, analysts have increased price targets for Coforge, with 23 out of 34 recommending buy ratings. The company expects continued growth and margin expansion.

Coforge Reports Strong Q2 Growth and New Highs - 23 Oct, 2024

Coforge Ltd's Q2FY25 results show a net profit of Rs 255.2 crore, a 35.6% increase YoY. Revenue surged to Rs 3,062.3 crore, with a robust order book of $1.31 billion. The company added 13 new clients and increased its workforce significantly, reflecting strong growth momentum.

Coforge Set to Announce Q2 FY25 Earnings Today - 22 Oct, 2024

Coforge is scheduled to announce its Q2 FY25 earnings today, along with several other key companies, which may influence market sentiment.

Coforge Ltd Reports Strong Growth and Market Performance - 21 Oct, 2024

Coforge Ltd, with a market cap of ₹48,089 crore, shows impressive growth with sales increasing from ₹3,676 crore to ₹9,179 crore over five years. Profits after tax rose from ₹422 crore to ₹826 crore. The stock price surged 404% in five years, currently at ₹7,210, trading at a P/E of 62x compared to a 10-year median of 22.5x.