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Coforge Ltd is a leading global IT services company that specializes in delivering innovative technology solutions across diverse sectors, including banking, insurance, travel, and healthcare. With a strong emphasis on digital transformation, cloud services, automation, and artificial intelligence, Coforge aims to empower businesses to enhance performance and foster innovation. As of October 24, 2024, Coforge’s share price is valued at 7,700.00 INR. This article provides a comprehensive analysis of Coforge’s share price target for the years 2024 through 2030, alongside key insights into its market performance and financial outlook.
Coforge Ltd: Market Overview
- Open Price: ₹7,535.00
- High Price: ₹7,783.10
- Low Price: ₹7,515.25
- Previous Close: ₹7,557.80
- Volume: 1,517,877
- Value (Lacs): ₹116,862.11
- VWAP: ₹7,699.53
- UC Limit: ₹8,313.55
- LC Limit: ₹6,802.05
- P/E ratio: 62.10
- Div yield: 0.99%
- 52-wk high: ₹7,783.10
- 52-wk low: ₹4,287.25
- Mkt cap: ₹47.63KCr
- Face Value: ₹10
Coforge Share Price Chart
Coforge Share Price Target 2024 To 2030
| Target Years | Share Price Target |
| 2024 | ₹8,230 |
| 2025 | ₹9,685 |
| 2026 | ₹10,452 |
| 2027 | ₹11,757 |
| 2028 | ₹12,390 |
| 2029 | ₹13,685 |
| 2030 | ₹14,520 |
Coforge Share Price Target 2024
For the year 2024, Coforge’s projected share price target is approximately ₹8,230. However, investors should be aware of potential risks that may impact this forecast:
- Global Economic Uncertainty: Fluctuations in major economies, particularly in sectors such as travel and banking, may lead to reduced demand for IT services, potentially hindering revenue growth and share price stability.
- Competition in the IT Services Industry: The competitive landscape, involving both established global firms and agile startups, poses a risk to Coforge’s market share. The company must constantly innovate to maintain its position.
- Currency Fluctuations: As a multinational entity, Coforge’s financial performance is subject to variations in foreign exchange rates. A strong rupee could adversely impact earnings from international operations.
Coforge Share Price Target 2025
Looking ahead to 2025, the share price target for Coforge could approximately be ₹9,685. Factors that could pose challenges include:
- Technological Disruptions: Rapid advancements in technology can lead to obsolescence if not managed properly. Coforge needs to stay ahead to avoid losing its competitive edge.
- Dependency on Key Clients and Industries: A significant reliance on specific industries exposes Coforge to elevated risks. Economic downturns in major sectors could drastically affect revenue streams.
- Talent Acquisition and Retention Challenges: The IT industry faces fierce competition for skilled professionals. If Coforge cannot secure the necessary talent, project quality and timelines may be jeopardized.
Coforge Share Price Target 2030
Coforge’s projected share price target for 2030 stands at approximately ₹14,520. Nevertheless, several long-term challenges could impact this target:
- Intensifying Global Competition: The inevitable rise of new technologies and market entrants may pose severe competition by 2030, necessitating continued innovation on Coforge’s part.
- Long-Term Client Dependency and Sectoral Exposure: To ensure steady revenue growth, diversification beyond the current focus areas is vital to mitigate the risk of downturns affecting specific industries.
- Sustainability and Regulatory Pressures: Increasing emphasis on sustainability and compliance could require investments for Coforge, and non-compliance may risk its reputation and profitability.
Shareholding Pattern for Coforge Ltd
- Promoter: 0%
- FII: 42.1%
- DII: 48.2%
- Public: 9.8%
Coforge Ltd Financials
| (INR) | 2024 | Y/Y change |
| Revenue | 91.79B | 14.53% |
| Operating Expense | 24.63B | 21.45% |
| Net Income |