Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Arvind Mehrotra had traded in the shares of the firm while in possession of the unpublished price sensitive information (UPSI) related to the dispute between the company’s subsidiary and its client in the APAC region.

SEBI bans person from capital markets; imposes fine in NIIT tech insider trading case

COFORGE LTD. Consolidated March 2022 Net Sales at Rs 1,742.90 crore, up 38.16% Y-o-Y

Revenue from operations during the quarter increased to Rs 1,742.9 crore from Rs 1,281.5 crore in the corresponding quarter of 2020-21

IT firm Coforge’s Q4 net profit increases by 56.16% to Rs 207.7 crore

Coforge consolidated net profit rises 56.17% in the March 2022 quarter

Based on the open interest future percentage, there were 84 stocks in which short-covering was seen including Kotak Mahindra Bank, UltraTech Cement, Bosch, Coforge, and JK Cement.

Trade setup for today: Top 15 things to know before the opening bell

Coforge’s management raised its organic constant currency revenue growth guidance from 22% to 24% for FY22 backed by strong deal inflows and a robust deal pipeline

Coforge stock jumps 8% on higher FY22 revenue growth guidance

Mindtree and Mphasis were also bullish, Coforge remained under pressure post Q2 earnings.

Nifty IT Index trades flat; Tech Mahindra hits fresh 52-week high; TCS, Wipro under pressure

Prabhudas Lilladher is bullish on Coforge has recommended buy rating on the stock with a target price of Rs 5596 in its research report dated October 25, 2021.

Buy Coforge Target Of Rs 5596: Prabhudas Lilladher

Arihant Capital recommended accumulate rating on Coforge with a target price of Rs 6068 in its research report dated October 25, 2021.

Accumulate Coforge; Target Of Rs 6068: Arihant Capital

Despite the current corrective phase in IT sector, the overall positive bias seems to be intact for these IT stocks as they hold crucial support levels

Mindtree, Coforge: These IT stocks look good on charts despite correction

Coforge Q2 Review - Emerging Stronger Than Ever: Prabhudas Lilladher

Coforge Limited, formerly NIIT Technologies Ltd, is an India-based information technology (IT) solutions company. The principal business activity of the Company is computer program consultancy and related services. The Company is engaged in application development and maintenance, managed services, cloud computing and business process outsourcing. The Company’s segments include Europe, Middle East and Africa (EMEA); Asia Pacific (APAC); India and Americas. The Company offers data and analytics, digital process transformation, application services, business process services, cyber security, infrastructure management services, cloud services and digital services. It swerves organizations in several sectors, including banking and financial services, insurance, travel and transportation and logistics, manufacturing and distribution and government.

Coforge Ltd

Coforge Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

SEBI bans person from capital markets; imposes fine in NIIT tech insider trading case

COFORGE LTD. Consolidated March 2022 Net Sales at Rs 1,742.90 crore, up 38.16% Y-o-Y

IT firm Coforge’s Q4 net profit increases by 56.16% to Rs 207.7 crore

Coforge consolidated net profit rises 56.17% in the March 2022 quarter

Trade setup for today: Top 15 things to know before the opening bell

Coforge stock jumps 8% on higher FY22 revenue growth guidance

Nifty IT Index trades flat; Tech Mahindra hits fresh 52-week high; TCS, Wipro under pressure

Coforge Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

SEBI bans person from capital markets; imposes fine in NIIT tech insider trading case

COFORGE LTD. Consolidated March 2022 Net Sales at Rs 1,742.90 crore, up 38.16% Y-o-Y

IT firm Coforge’s Q4 net profit increases by 56.16% to Rs 207.7 crore

Coforge consolidated net profit rises 56.17% in the March 2022 quarter

Trade setup for today: Top 15 things to know before the opening bell

Coforge stock jumps 8% on higher FY22 revenue growth guidance

Nifty IT Index trades flat; Tech Mahindra hits fresh 52-week high; TCS, Wipro under pressure

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock