Buy Coforge, target price Rs 5570: JM Financial
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Synopsis
By ETMarkets.com
JM Financial has buy call on Coforge with a target price of Rs 5570. The current market price of Coforge Ltd. is Rs 5528.2.
Coforge Ltd. key Products/Revenue Segments include Sale of services and Software Products for the year ending 31-Mar-2023.
Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 2368.40 Crore, up 1.29 % from last quarter Total Income of Rs 2338.30 Crore and up 9.01 % from last year same quarter Total Income of Rs 2172.60 Crore. Company reported net profit after tax of Rs 229.20 Crore in latest quarter.
Promoters held 26.63 per cent stake in the company as of 31-Mar-2024, while FIIs owned 35.0 per cent, DIIs 54.28 per cent.
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Coforge Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 36405.04 Crore) operating in IT Software sector. Coforge Ltd. key Products/Revenue Segments include Sale of services and Software Products for the year ending 31-Mar-2023.
Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 2368.40 Crore, up 1.29 % from last quarter Total Income of Rs 2338.30 Crore and up 9.01 % from last year same quarter Total Income of Rs 2172.60 Crore. Company reported net profit after tax of Rs 229.20 Crore in latest quarter.
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Promoter/FII Holdings Promoters held 26.63 per cent stake in the company as of 31-Mar-2024, while FIIs owned 35.0 per cent, DIIs 54.28 per cent.
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