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Coforge Ltd.
Share Price Target & Analysis

NSE:COFORGE

4727.83

VWAP

4748.00

Open

4712.6

Close

4765.50

High

4703.00

Low

6847.45

52 Week High

4729.60 ⇧
17.00 (0.36%)

COFORGE

(IT)
22% Momentum

Turnaround Potential

4130.75

52 Week Low

160.44

EPS

31.18

PE

11.18

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: COFORGE Share Price Financial Analysis & Valuation

Coforge Ltd. (COFORGE) is broadly categorized in IT segment industry which deals in Computers - Software vertical. It is one of Mid Cap company with Market Capitalization of Rs 26792.9 (in Cr). Total number of free float shares are 6.2 (in Lacs). Coforge Ltd. is listed on NSE with Exchange ID - INE591G01017 and trading code is NSE:COFORGE with short name COFORGE LTD..

Coforge Ltd. is also traded in Future & Options (Derivative segment of NSE).

In the past 1 year, Coforge Ltd. has declared an equity dividend of Rs 76 per share. At the current share price of COFORGE at Rs 4729.60, this results in a dividend yield of 1.61 %.

As per the Fundamental Analysis of NSE:COFORGE, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine COFORGE underlying value and future prospects. All of this data is available in COFORGE financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:COFORGE, it is clearly understood that COFORGE is Economical performer in terms of earnings and profit margins with an EPS of 160.44. NSE:COFORGE book value per share as of today is 423.19. The current price to book ratio for COFORGE as of May 18, 2024 is 11.18.

Valuation of the Stock: The current valuation of COFORGE stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of COFORGE whether to BUY this stock at current valuation. The delivery percentage of COFORGE is 23.21% is very crucial parameter which shows that 23.21% investors are anticipating that the price of COFORGE share should go up with VWAP at 4727.83.

Now, the main question is whether to BUY or SELL, NSE:COFORGE at current valuation.
As per latest Analysis No. #3740:-

⇑ STRONG BUY COFORGE if All Greens

⇗ BUY COFORGE (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD COFORGE (With Stop Loss) if only 1 Green

⇘ SELL COFORGE if NO Green Indicator

NSE: COFORGE Share Price Today (May 18, 2024)

(Coforge Ltd. Daily Analysis on the basis of COFORGE Intraday Graph & Trend)

Coforge Ltd. share price moved Up by 0.36% from its previous close of Rs 4712.6. COFORGE stock last traded price is 4729.60. COFORGE share price trend is Up with a total of 50558 stocks traded till now. It has touched an intraday high of Rs 4765.50 and an intraday low of Rs 4703.00. The COFORGE trading at 4729.60, Up by Rs. 17.00, or 0.36 percent which suggests that most of the Traders are anticipating that the price of COFORGE share should go Up.

NSE: COFORGE Share Price Tomorrow Prediction

(Coforge Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of COFORGE)

Coforge Ltd. share price moved Up by 0.36%. COFORGE share price short term trend is Up. It suggests that COFORGE Share Price for Tomorrow remains the same with VWAP at 4727.83 will be treated as stop loss for intraday traders. Coforge Ltd. Long term investors can follow the COFORGE long term trend as mentiond in future forecast table.

NSE Code

NSE: COFORGE

COFORGE Share Price Today

 4729.60

COFORGE Share Price Target Prediction for 2024 ^

 4330.7 - 5827.3

COFORGE Share Price Target Prediction for 2025*^

 5827.3 - 7330.9

COFORGE Share Price Target Prediction for 2026*^

 7330.9 - 7844.1

COFORGE Share Price Target Prediction for 2027*^

 8236

COFORGE Share Price Target Prediction for 2028*^

 8472

COFORGE Share Price Target Prediction for 2030*^

 9234
COFORGE Current Book Value 2023
421.1

*Coforge Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^COFORGE share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

COFORGE Technical Analysis

Candlestick Pattern: @4614.95

COFORGE Moving Averages

BUY (2) NEUTRAL (0) SELL (12)
MA Simple Action S1 Expo Action E2
MA_5 4495.25 BUY 4547.85 BUY
MA_12 4671.13 SELL 4677.83 SELL
MA_20 4849 SELL 4833.24 SELL
MA_32 5162.74 SELL 5098.5 SELL
MA_50 5476.27 SELL 5310.72 SELL
MA_100 5894.68 SELL 5541.14 SELL
MA_200 5604.9 SELL 5454.68 SELL

COFORGE Trend Oscillators

BUY (2) NEUTRAL (0) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 4849 Downtrend
MACD 4.85 BUY
ADX 47.3 Strong Trend
DMI (+/-) 16.24 / 39.05 Downtrend

COFORGE Momentum Oscillators

BUY (5) NEUTRAL (5) SELL (2)
Momentum Oscillators Value Action
RSI 34.22 Neutral
STOCHASTIC_K (Fast) 100.86 Overbought
STOCHASTIC_D (Slow) 94.33 Overbought
CCI -26.27 Neutral
PSAR 4293.24 BUY
TRUE RANGE 84 SELL
ATR 151.35 Neutral
WILLIAMS R -69.87 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 100 Overbought
MOMENTUM -1001.3 SELL

COFORGE Last 1 Year Trend

Duration Value
1 Year 11.88%
3 Months -29.9%
1 Month -17.83%
1 Week 4.66%

COFORGE Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 30%
NEUTRAL / HOLD 17%
SELL 53%

Most popular Questions & Answers about COFORGE


Coforge Ltd. stock last traded price is 4729.60. COFORGE share price moved Up by 0.36% from its previous close of Rs 4712.6.

Coforge Ltd. share price trend is Up with a total of 50558 stocks traded till now. It has touched an intraday high of Rs 6915.9245 and an intraday low of Rs 4703.00. The COFORGE trading at 4729.60, Up by Rs. 17.00, or 0.36 percent which suggests that most of the Traders are anticipating that the price of COFORGE share should go Up and the Stop Loss will be around 4727.83.

The market cap of Coforge Ltd. is ₹26792.9 (in Cr) as of May 17, 2024.

The current price to earning ratio for Coforge Ltd. as of May 17, 2024 is 31.18.

The current price to book ratio for Coforge Ltd. as of May 17, 2024 is 11.18.

The highest price of Coforge Ltd. stock is ₹6847.45 in the last 52-week.

The lowest price of Coforge Ltd. stock is ₹4130.75 in the last 52-week.

Coforge Ltd. share trading at ₹4729.60, Up by Rs. 17.00, or 0.36 percent which suggests that most of the traders are anticipating that the price of COFORGE share should go Up.

In 2023, Stock price target for Coforge Ltd. (COFORGE) are ₹4330.7 on downside and ₹5827.3 on upside. Coforge Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Coforge Ltd. (COFORGE) are ₹5827.3 on downside and ₹7330.9 on upside. Coforge Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Coforge Ltd. (COFORGE) are ₹7330.9 on downside and ₹7844.1 on upside. Coforge Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Coforge Ltd. (COFORGE) will be around ₹8472 Coforge Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of COFORGE.

As per the fundamental analysis of Coforge Ltd. (COFORGE), it is of Economical quality in terms of earnings and profit margins with an EPS of 160.44. Coforge Ltd. book value per share as of today is 423.19. The current price to book ratio for COFORGE as of May 18, 2024 is 11.18.


NSE:COFORGE News & Other Useful Information about COFORGE Share Price


Peer Comparison of NSE: COFORGE

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Computers - Software

Company Price EPS BV
TCS 3851.45 120.39 199.33
INFY 1443.65 65.6 163.19
WIPRO 461.00 17.44 119.95
HCLTECH 1338.90 43.02 145.45
TECHM 1305.65 21.79 254.1
LTI 4764.30 125.6 540.21
MINDTREE 3433.85 90.8 331.82
MPHASIS 2322.30 76.59 265.28
TATAELXSI 7353.80 127.25 402.34
PERSISTENT 3530.25 64.07 294.03
Updated at: 18 May 2024 09:59

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