Coforge share price falls 10% after Q4 results, brokerages cut target prices: Details
7 months, 2 weeks ago

Coforge share price falls 10% after Q4 results, brokerages cut target prices: Details

Hindustan Times  

Coforge share price: Shares of Coforge Ltd fell as much as 10 per cent to ₹4505.25 today after the company announced its quarterly earnings for the March 2024 quarter, dividend and acquisition plans of Cigniti Technologies. Coforge share price falls 10% after Q4 results, brokerages cut target prices Coforge Q4 results Coforge reported a consolidated net profit of ₹223.7 crore for the quarter ending on March 31, 2024 which is up 94.86 per cent on a year-on-year basis compared to a profit of ₹114.8 crore in the year-ago period. This is among the highest target PE multiples for Tier-2 companies as we expect faster-than-peer growth and ROICs.” Nuvama Institutional Equities on Coforge Nuvama Institutional Equities said that the management refrained from giving any quantitative guidance, which we believe is due to uncertainty of execution. The brokerage noted, “We cut FY25E and 26E EPS by on lower growth and cut target multiple to 27 times from 30 times on acquisition led derating, yielding target price of ₹5,850 from ₹7,000 earlie.”

Share Price Target Target Price Q4 Results Coforge Q4 Coforge Share Price  cut  cent  falls  target  times  growth  prices  yoy  crore  coforge  q4  share  price  details  results

History of this topic

Near-term headwinds may halt Coforge’s sizzling rally
1 week ago

Near-term headwinds may halt Coforge’s sizzling rally

Live Mint  

Coforge Ltd stock has delivered mouth-watering returns to its investors in a matter of months. For instance, Coforge management recently told analysts at Nirmal Bang Institutional Equities that deal closures in the December quarter remained better than expected at the start of the quarter. The Nirmal Bang report dated 12 December further highlighted that there was strong show of confidence …

Coforge share price hits a record high, jumps over 100% in seven months; should you buy the stock?
1 week, 4 days ago

Coforge share price hits a record high, jumps over 100% in seven months; should you buy the stock?

Live Mint  

Coforge share price jumped almost 4 per cent to hit its record high of ₹9,349.45 in intraday trade on the BSE on Thursday, December 12, in an otherwise weak market. Coforge share price opened at ₹9,100 against its previous close of ₹8,999.80 and jumped 3.9 per cent to an all-time high of ₹9349.45. Nirmal Bang has a buy call on …

These companies post over 45% YoY rise in Q2 profits even as downgrades increase
1 month ago

These companies post over 45% YoY rise in Q2 profits even as downgrades increase

Live Mint  

In its latest earnings review, Motilal Oswal Financial Services observed that earnings performance for the MOFSL Universe was in line with expectations, showing a 1 per cent year-on-year decline. Hindalco: Aditya Birla Group’s Hindalco Industries Ltd reported an impressive 123.3 per cent YoY increase in net profit, reaching ₹1,891 crore for Q2 FY25, driven by robust operational performance in its …

Delhivery share price rallies 4% after posting net profit for second consecutive quarter. Should you buy the stock?
1 month ago

Delhivery share price rallies 4% after posting net profit for second consecutive quarter. Should you buy the stock?

Live Mint  

Delhivery share price rallied nearly 4% on Monday after the logistics company reported net profit for the second quarter in a row. Delhivery reported a consolidated net profit of ₹10.2 crore in the second quarter ended September 30, as against a loss of ₹103 crore in the year ago period. It retained a ‘Buy’ call on Delhivery shares and cut …

Hindustan Aeronautics Q2 Results: Net profit rises 22% to ₹1,510 crore, revenue grows 6% YoY
1 month, 1 week ago

Hindustan Aeronautics Q2 Results: Net profit rises 22% to ₹1,510 crore, revenue grows 6% YoY

Live Mint  

Hindustan Aeronautics Ltd, the state-run defence company, reported a 22.4% rise in its consolidated net profit for the second quarter of FY25 to ₹1,510.49 crore from ₹1,236.67 crore in the year-ago quarter. At the operational level, HAL's earnings before interest, tax, depreciation and amortization during the quarter ended September grew 7.3% to ₹1,640 crore from ₹1,527.7 crore, while EBITDA margin …

Exide Industries shares drop to 5-month low as analysts cut target price post Q2 results
1 month, 2 weeks ago

Exide Industries shares drop to 5-month low as analysts cut target price post Q2 results

Live Mint  

Stock Market Today: Extending their weak performance to the second consecutive day following the Q2 results announcement, shares of Exide Industries, a leader in energy storage and management solutions, fell by another 2.5% in today’s trading, reaching a five-month low of ₹434 per share. On Monday, the company released its Q2FY25 results, which came in below Street estimates, prompting analysts …

Coforge Soars 12.3% to Record High on Strong Q2 Results
Trending News
2 months ago

Coforge Soars 12.3% to Record High on Strong Q2 Results

Live Mint  

Coforge's Q2FY25 results are strong, with a 24.2% increase in consolidated net profit and significant growth in revenue and order book. The company also announces the acquisition of Cigniti Technologies for $220 million, which is expected to boost its growth trajectory. The stock price has surged 78% from its 52-week low in May 2024, reflecting investor confidence in the company's …

Bajaj Finance shares fall as Q1 results disappoint brokerage firms; here’s what they said
4 months, 4 weeks ago

Bajaj Finance shares fall as Q1 results disappoint brokerage firms; here’s what they said

Live Mint  

Shares of Bajaj Finance dropped nearly 3 percent in intra-day trading on Wednesday after the non-banking financial company released its Q1 earnings report. Q1 Results Bajaj Finance reported a 14 percent increase in net profit for the June 2024 quarter, reaching ₹3,912 crore compared to ₹3,437 crore in the same quarter of 2023. Brokerage views Bajaj Finance reported a solid …

Coforge Q4 Results Live : profit rise by 94.86% YOY
7 months, 2 weeks ago

Coforge Q4 Results Live : profit rise by 94.86% YOY

Live Mint  

Coforge Q4 Results Live : Coforge declared their Q4 results on 02 May, 2024, revealing a topline growth of 8.69% and a significant profit increase of 94.86% YoY. Despite recent negative returns in the last week, 6 months, and YTD, Coforge currently holds a market cap of ₹30822.09 Cr. As of 04 May, 2024, analyst ratings for Coforge indicate 3 …

Coforge, Cyient outliers amid weak quarter for tech services
1 year, 2 months ago

Coforge, Cyient outliers amid weak quarter for tech services

Live Mint  

Mid-cap information technology service providers, Cofo-rge and Cyient Group, proved outliers in their September quarter earnings filed at the BSE on Thursday. While bellwether large-caps, as well as mid-cap firms such as Larsen & Toubro Technology Services, Persistent Systems and Zensar Technologies, largely offered bleak September quarter figures and cautious commentary for the rest of this fiscal, both Coforge and …

Coforge Q1 FY24 results: profit rise by 10.42% YOY
1 year, 2 months ago

Coforge Q1 FY24 results: profit rise by 10.42% YOY

Live Mint  

Coforge, the technology solutions provider, declared their Q1 FY24 results on 19 Oct, 2023. The company reported a significant growth in both revenue and profit compared to the previous year. In terms of quarterly performance, Coforge witnessed a 2.35% growth in revenue and a remarkable 43.99% increase in profit compared to the previous quarter. Out of the 27 analysts covering …

ACC Q1 results beat estimates; brokerages raise targets
1 year, 4 months ago

ACC Q1 results beat estimates; brokerages raise targets

Live Mint  

ACC share price rose more than 1% on Friday after the company reported robust Q1 results with net profit doubling during the quarter. Citi has a ‘Buy’ rating on ACC and raised the target price to ₹2,350 per share from ₹2,150 earlier as ACC Q1 results beat Citi’s estimates. UBS has a ‘Buy’ call on ACC and it raised the …

Bajaj Finance share price rises over 2% after Q1 results; should you buy it?
1 year, 4 months ago

Bajaj Finance share price rises over 2% after Q1 results; should you buy it?

Live Mint  

Shares of Bajaj Finance climbed over 2 per cent in early deals on BSE on Thursday a day after the company reported its June quarter scorecard. Brokerage firm Motilal Oswal Financial Services maintained a buy call on Bajaj Finance stock with a target price of ₹8,800, implying an 18 per cent upside. "Bajaj Finance’s Q1FY24 reported PAT jumped 32 per …

MCX Q4 net profit tumbles 85% to ₹5.45 Cr on higher software support charges, Board declares ₹19.09 dividend
1 year, 7 months ago

MCX Q4 net profit tumbles 85% to ₹5.45 Cr on higher software support charges, Board declares ₹19.09 dividend

Live Mint  

Multi Commodity Exchange Of India is a mid cap exchange platform that recorded a market cap of ₹6,881.9 Cr during Friday's closing session. During the quarter ended March 2023 MCX reported a consolidated net income of ₹153.83 Cr compared to ₹121.04 Cr in the quarter ended March 2022. The Q4FY23 consolidated net profit of MCX dropped to ₹5.45 Cr down …

₹1 lakh skyrocketed 1000 times to ₹17 Cr after 3 bonus shares: Buy the stock
2 years, 3 months ago

₹1 lakh skyrocketed 1000 times to ₹17 Cr after 3 bonus shares: Buy the stock

Live Mint  

With a market capitalization of ₹51,456.63 Crore, Torrent Pharmaceuticals Ltd. is a large cap company in the pharmaceutical industry. 17.22 Crore i.e.. Q1FY23 results of Torrent Pharma On a consolidated basis, the company reported net sales of ₹2347 Cr in the quarter ended June 2022 compared to ₹2134 Cr recorded in Q1FY22 which represents a YoY growth of 10%. The …

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