Latest news with #CoforgeLtd
Business Upturn
4 days ago
- Business
- Business Upturn
Coforge shares jump nearly 3% after Bernstein maintains ‘Outperform' rating with target price of Rs 2,038
By Aman Shukla Published on July 25, 2025, 09:52 IST Shares of Coforge Ltd climbed close to 3% in Friday's trade after global brokerage Bernstein reiterated its Outperform rating on the stock, setting a target price of ₹2,038. As of 9:51 AM, the shares were trading 2.37% higher at Rs 1,715.80. Bernstein highlighted the company's healthy Q1FY26 performance, with revenue rising 8% sequentially, powered by strong traction in the Americas and its travel-focused vertical. The brokerage said this momentum reflects a solid demand environment and long-term growth visibility. While the EBIT margin for the quarter came in at 13.2%—slightly below expectations by 50 basis points—Coforge's management remains optimistic about hitting a 14% margin target by the end of FY26. This signals confidence in improving operational efficiency going forward. Bernstein also noted that the recent dip in Coforge's stock price has created a compelling entry point for long-term investors, especially as the company continues to benefit from robust digital transformation trends across its key markets. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
5 days ago
- Business
- Business Standard
Quick Wrap: Nifty IT Index declines 2.21%
Nifty IT index ended down 2.21% at 36135.8 today. The index is down 6.00% over last one month. Among the constituents, Coforge Ltd slipped 9.39%, Persistent Systems Ltd dropped 7.70% and Tech Mahindra Ltd fell 3.10%. The Nifty IT index is down 10.00% over last one year compared to the 2.66% surge in benchmark Nifty 50 index. In other indices, Nifty PSU Bank index added 1.24% and Nifty FMCG index has slid 1.12% on the day. In broad markets, the Nifty 50 has slid 0.63% to close at 25062.1 while the SENSEX is down 0.66% to close at 82184.17 by Capital Market - Live News
Business Standard
5 days ago
- Business
- Business Standard
Volumes soar at Ipca Laboratories Ltd counter
Ipca Laboratories Ltd recorded volume of 28541 shares by 10:45 IST on BSE, a 9.69 times surge over two-week average daily volume of 2946 shares Coforge Ltd, Persistent Systems Ltd, ZF Commercial Vehicle Control System India Ltd, Tata Consumer Products Ltd are among the other stocks to see a surge in volumes on BSE today, 24 July 2025. Ipca Laboratories Ltd recorded volume of 28541 shares by 10:45 IST on BSE, a 9.69 times surge over two-week average daily volume of 2946 shares. The stock gained 3.70% to Rs.1,516.10. Volumes stood at 2842 shares in the last session. Coforge Ltd saw volume of 2.32 lakh shares by 10:45 IST on BSE, a 8.03 fold spurt over two-week average daily volume of 28887 shares. The stock dropped 7.73% to Rs.1,706.20. Volumes stood at 39060 shares in the last session. Persistent Systems Ltd witnessed volume of 63372 shares by 10:45 IST on BSE, a 5.48 times surge over two-week average daily volume of 11561 shares. The stock dropped 8.86% to Rs.5,108.45. Volumes stood at 12823 shares in the last session. ZF Commercial Vehicle Control System India Ltd witnessed volume of 1199 shares by 10:45 IST on BSE, a 4.62 times surge over two-week average daily volume of 259 shares. The stock increased 3.55% to Rs.13,949.00. Volumes stood at 827 shares in the last session. Tata Consumer Products Ltd notched up volume of 2.05 lakh shares by 10:45 IST on BSE, a 3.99 fold spurt over two-week average daily volume of 51381 shares. The stock rose 1.69% to Rs.1,080.65. Volumes stood at 51954 shares in the last session.
Time of India
5 days ago
- Business
- Time of India
Coforge shares slide over 5% after Q1 earnings miss estimates
Live Events Robust deal pipeline Headcount, attrition steady (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Coforge Ltd fell as much as 5.3% on Thursday to Rs 1,750.50 on the BSE, after the mid-tier IT firm's June quarter results failed to meet analyst expectations despite headline growth in profit and Noida-based company posted a consolidated net profit of Rs 317 crore for the first quarter of FY26, up 21.5% sequentially and 138.4% year-on-year. Revenue rose 8.2% quarter-on-quarter to Rs 3,689 crore. However, the results slightly missed Bloomberg consensus estimates, which had pegged net profit at Rs 335 crore and revenue at Rs 3,723 also declared an interim dividend of Rs 4 per share, with July 31 set as the record revenue and profit rose sharply on a year-on-year basis, Coforge reported a contraction in operating margin. Ebitda margin for the quarter stood at 17.5%, up 61 basis points from the previous stock, which had briefly gained earlier in the week, extended its decline on Thursday after closing 0.7% lower on Wednesday at Rs 1,846.20. It has been largely flat over the past the muted stock reaction, Coforge reported strong deal momentum. The company secured $507 million in new order intake during the quarter, taking its executable order book over the next twelve months to $1.55 billion, a 46.9% increase over the same period last year. The company said it signed five large deals across North America, the UK, and the Asia-Pacific additions remained robust, with the company reporting a net headcount increase of 1,164 during the quarter, taking its total workforce to 34,187. Attrition held steady at 11.3%, which the company noted was among the lowest in the released its earnings post-market hours on Wednesday, July 23.
Business Standard
30-06-2025
- Business
- Business Standard
Coforge Ltd soars 0.66%, rises for fifth straight session
Coforge Ltd is quoting at Rs 1912, up 0.66% on the day as on 12:44 IST on the NSE. The stock is up 73.24% in last one year as compared to a 5.8% spurt in NIFTY and a 5.49% spurt in the Nifty IT. Coforge Ltd gained for a fifth straight session today. The stock is quoting at Rs 1912, up 0.66% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.37% on the day, quoting at 25542.5. The Sensex is at 83744.14, down 0.37%. Coforge Ltd has risen around 11.35% in last one month. Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has risen around 4.94% in last one month and is currently quoting at 38822.95, up 0.18% on the day. The volume in the stock stood at 7.77 lakh shares today, compared to the daily average of 17.99 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 1927, up 0.68% on the day. Coforge Ltd is up 73.24% in last one year as compared to a 5.8% spurt in NIFTY and a 5.49% spurt in the Nifty IT index. The PE of the stock is 120.52 based on TTM earnings ending March 25.
