Coforge: Strong Broad Based Growth; Capitalizing Robust Demand to Sustain Growth
We recommend a BUY rating on the stock and assign a 37 x P/E multiple to its FY24E earnings of Rs 184/share to arrive at a TP of Rs 6,870/share,...
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Coforge: Sturdy Growth; Healthy Deal Pipeline
We recommend a BUY rating on the stock and assign a 31x P/E multiple to its FY24E earnings of Rs 177.7/share which gives a TP of Rs 5,570 /share....
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Coforge: Healthy Organic Performance, Robust Guidance
Coforge offers system integration, apps & BPO services to BFSI, travel & healthcare verticals. Coforge’s revenues and PAT have grown at a CAGR of...
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Coforge: Sturdy Growth, Healthy Deal Pipeline
We recommend a BUY and assign 37x P/E multiple to its FY23E earnings of Rs 139.5/share which gives a TP of Rs 5,220 /share, implying an upside of...
221 Views
Strong all-round delivery; valuation remains full
Coforge Ltd (COFORGE) reported strong organic revenue growth of 7% QoQ CC in 1QFY22, above our estimates of 3% QoQ CC. Including the two months of...
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