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Coforge surges 5%: 3 reasons why brokerages hike target price as high as ...
Coforge surges 5%: 3 reasons why brokerages hike target price as high as Rs 11,000
financialexpress.com/market/coforge-surges-5-3-reasons-why-brokerages-hike-target-price-as-high-as-rs-11000-3834270/
Key FactsBrokerages set Coforge targets after strong quarter
May 6, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: financialexpress.com
  • For the quarter ending March 2025, Coforge’s net profit rose nearly 17% to Rs 261.2 crore, while revenue increased 47% to Rs 3,410 crore.

  • The board announced a FY25 interim dividend of Rs 19 per share and a 1:2 split; record dates are May 12 and June 4.

  • The three brokerages rated the stock Buy and set targets from Rs 9,400 to Rs 11,000, implying up to 65% upside.

  • Nuvama cited a 174% increase in total contract value and 48% higher executable order book; it expects earnings CAGR above 25% for 2025–27.
  • Coforge is our top pick among midcap IT stocks
    — Nomura — quoted in the article: 'Coforge is our top pick among midcap IT stocks'