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Coforge Ltd.
Share Price Target & Analysis

NSE:COFORGE

8292.35

VWAP

8239

Open

8210.1

Close

8344.25

High

8215.25

Low

8344.25

52 Week High

8327.50 ⇧
117.40 (1.43%)

COFORGE

(IT)
99.6% Momentum

Trending & Favourite

4287.25

52 Week Low

152

EPS

36.41

PE

16.76

PB

Economical
Quality

Diamond
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 8327.50, this results in a dividend yield of 0.91 %.

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 152. NSE:COFORGE book value per share as of today is 496.86. The current price to book ratio for COFORGE as of Nov 23, 2024 is 16.76.

Valuation of the Stock: The current valuation of COFORGE stock is like Diamond which means currently the stock is Very Expensive. 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 34.54% is very crucial parameter which shows that 34.54% investors are anticipating that the price of COFORGE share should go up with VWAP at 8292.35.

Now, the main question is whether to BUY or SELL, NSE:COFORGE at current valuation.
As per latest Analysis No. #4186:-

⇑ 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 (Nov 23, 2024)

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

Coforge Ltd. share price moved Up by 1.43% from its previous close of Rs 8210.1. COFORGE stock last traded price is 8327.50. COFORGE share price trend is Up with a total of 405521 stocks traded till now. It has touched an intraday high of Rs 8344.25 and an intraday low of Rs 8215.25. The COFORGE trading at 8327.50, Up by Rs. 117.40, or 1.43 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 1.43%. COFORGE share price short term trend is Up. It suggests that COFORGE Share Price for Tomorrow remains the same with VWAP at 8292.35 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

 8327.50

COFORGE Share Price Target Prediction for 2024 ^

 6076.3 - 8385.6

COFORGE Share Price Target Prediction for 2025*^

 8385.6 - 8933.4

COFORGE Share Price Target Prediction for 2026*^

 8933.4 - 9558.7

COFORGE Share Price Target Prediction for 2027*^

 10037

COFORGE Share Price Target Prediction for 2028*^

 10323

COFORGE Share Price Target Prediction for 2030*^

 11253
COFORGE Current Book Value 2023
494.4

*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: @8074

COFORGE Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 8050.03 BUY 8019.28 BUY
MA_12 7822.75 BUY 7846.55 BUY
MA_20 7661.68 BUY 7721.94 BUY
MA_32 7483.25 BUY 7506.51 BUY
MA_50 7280.19 BUY 7290.73 BUY
MA_100 6755.17 BUY 6889.97 BUY
MA_200 6123.74 BUY 6295.43 BUY

COFORGE Trend Oscillators

BUY (4) NEUTRAL (0) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 7661.68 Uptrend
MACD 23.81 BUY
ADX 28.46 Strong Trend
DMI (+/-) 29.36 / 14.74 Uptrend

COFORGE Momentum Oscillators

BUY (5) NEUTRAL (5) SELL (2)
Momentum Oscillators Value Action
RSI 69.57 Neutral
STOCHASTIC_K (Fast) 74.23 Neutral
STOCHASTIC_D (Slow) 83.05 Overbought
CCI 103.37 BUY
PSAR 7843.69 BUY
TRUE RANGE 165.55 SELL
ATR 211.76 SELL
WILLIAMS R -11.62 Overbought
TRIX 0 Neutral
STOCHASTIC RSI K 40.32 Neutral
STOCHASTIC RSI D 66.07 Neutral
MOMENTUM 869.75 BUY

COFORGE Last 1 Year Trend

Duration Value
1 Year 57.2%
3 Months 38.07%
1 Month 12.07%
1 Week 2.81%

COFORGE Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 77%
NEUTRAL / HOLD 17%
SELL 7%

Most popular Questions & Answers about COFORGE


Coforge Ltd. stock last traded price is 8327.50. COFORGE share price moved Up by 1.43% from its previous close of Rs 8210.1.

Coforge Ltd. share price trend is Up with a total of 405521 stocks traded till now. It has touched an intraday high of Rs 8427.6925 and an intraday low of Rs 8215.25. The COFORGE trading at 8327.50, Up by Rs. 117.40, or 1.43 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 8292.35.

The market cap of Coforge Ltd. is ₹26792.9 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Coforge Ltd. as of Nov 22, 2024 is 36.41.

The current price to book ratio for Coforge Ltd. as of Nov 22, 2024 is 16.76.

The highest price of Coforge Ltd. stock is ₹8344.25 in the last 52-week.

The lowest price of Coforge Ltd. stock is ₹4287.25 in the last 52-week.

Coforge Ltd. share trading at ₹8327.50, Up by Rs. 117.40, or 1.43 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 ₹6076.3 on downside and ₹8385.6 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 ₹8385.6 on downside and ₹8933.4 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 ₹8933.4 on downside and ₹9558.7 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 ₹10323 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.

The price of Coforge Ltd. (COFORGE) shares moved by 1.43%. The short-term trend for COFORGE share price is Up. It implies that the share price of COFORGE will stay the same tomorrow and that intraday traders should treat VWAP at 8292.35 as a stop loss. Investors with a long-term outlook can track COFORGE long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of COFORGE stock is 1822.5. Compared to the current market price of 8327.50 INR, the COFORGE stock is Overvalued by 78.1%.

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 152. Coforge Ltd. book value per share as of today is 496.86. The current price to book ratio for COFORGE as of Nov 23, 2024 is 16.76.


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 4221.95 130.61 199.33
INFY 1889.20 66.5 195.5
WIPRO 571.40 18.27 110.45
HCLTECH 1897.10 43.51 145.45
TECHM 1744.10 29.96 236.78
LTI 6149.30 125.6 651.6
MINDTREE 3433.85 90.8 331.82
MPHASIS 2884.90 78.74 302.96
TATAELXSI 6586.45 131.16 402.31
PERSISTENT 5796.25 63.3 309.41
Updated at: 22 Nov 2024 15:30

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