Archive · 9 Dec 2025
Coforge shares fall 5% despite broker bullish outlook
Coforge is a company that provides IT services.
On Tuesday, its share price dropped by 5%, even though some experts think it could be a good investment.
The company had a meeting with investors where they shared their plans for the future.
They said they want to make USD 2 billion in revenue by the end of 2026 and keep their profits strong.
Some experts, like Nomura and Motilal Oswal, think the company is doing well and could be a good buy.
They believe the company's focus on artificial intelligence and its plans to grow will help it do well in the future.
The company's board will meet in January 2026 to discuss their results and possibly give out a dividend.
Coforge share price fell 5% during intra-day trade on Tuesday.
Brokerages like Nomura and Motilal Oswal remain bullish, seeing up to 54% upside.
Company aims for USD 2 billion revenue run-rate by Q4FY26 with 70% free cash flow conversion.
Management committed to maintaining Ebit margins above 14% from FY27.
Board to meet on January 22, 2026, to approve Q3 results and consider dividend.
- Who
- Coforge, a mid-cap IT company
- What
- Share price fell 5% despite positive brokerage outlooks
- When
- During intra-day trade on Tuesday
- Where
- Indian stock market
- Why
- Investor reaction to Investor Day event and strategic updates
- Current Share Price
- ₹1,855.90
- 52-Week High
- ₹2,003.59
- 52-Week Low
- ₹1,190.84
- Revenue Target
- USD 2 billion by Q4FY26
- Ebit Margin Commitment
- Above 14% from FY27
- Free Cash Flow Conversion
- 70%
- Board Meeting Date
- January 22, 2026
- Nomura Target Price
- ₹2,000
- Motilal Oswal Target Price
- ₹3,000 (54% upside)
