Short term swing trade | Buy NSE: COFORGE | 8-9% target | Indian stock trading signal on 13 May 2025

NOTE

Closing Price: ₹8292.5 (as of May 13, 2025)
StopLoss*: Apply on the daily close. After the first target, reset the StopLoss to your buying price.
Duration^: Approximate holding period based on the active trading days (excluding market holidays). Actual holding may vary with the market conditions.
Upside Potential#: Based on median of the suggested buy range.

Coforge Limited is an India-based information technology (IT) solution company. It is engaged in in-application development and maintenance, managed services, cloud computing and business process outsourcing. The Company provides computer programming consultancy and related activities. Its geographical segments include the Americas (revenue~48%), Europe, Middle East, and Africa (EMEA~40%), Asia Pacific (APAC~7%), and India (~5%).

Like most other Indian IT services MNCs, Americas (primarily the US) is the largest segment and includes major clients like Sabre and SEI Investments. EMEA, especially Europe’s revenue is driven by BFSI and travel verticals, with clients like British Airways and ING Group. APAC including India is a smaller revenue market but a significant delivery hub.

Coforge has a presence in 23 countries with 30 delivery centers across six countries, indicating a global footprint that supports revenue generation across multiple regions. Key clients in the US and Europe include British Airways, ING Group, SEI Investments, Sabre, and SITA, suggesting significant revenue contributions from these regions. Partnerships with companies like Newgen Software target clients in the US, Europe, and other regions, particularly in the insurance and public sectors. The company’s focus on BFSI (Banking, Financial Services, and Insurance) and travel verticals drives growth in the US and Europe, with a notable rebound in the travel sector.

Coforge provides IT consulting, digital services, and business process management, focusing on sectors like Banking, Financial Services, and Insurance (BFSI), travel, and healthcare. It leverages AI and cloud technologies to drive growth. It’s a Mid-tier IT services provider with a global presence, competing with firms like Infosys, Wipro, and Mphasis.

Coforge offers various services, such as Artificial Intelligence *AI), Digital, Data and Analytics, Digital Process Automation, Salesforce Ecosystem, Cloud and Infrastructure Management Services, Cybersecurity Services, Business Process Solutions, Quality Engineering Services, Systems, Applications & Products in Data Processing (SAP) Services, and Metaverse. Its salesforce ecosystem includes Salesforce and Mulesoft. Its digital process automation includes Appian, Pega, Mendix, and OutSystems. Its cloud and infrastructure management services include Cloud Services, Anyplace Workplace, and others.

Website: https://www.coforge.com/

Recent Developments

Strong Q4 FY25 performance with 43.8% YoY revenue growth in constant currency, driven by the BFSI vertical.
Significant deal wins, including a $2.1B Total Contract Value (TCV) with the Sabre deal.
94% of its workforce is AI-trained, positioning it as a leader in AI-driven solutions.
Announced stock split (1:2), boosting market liquidity and retail participation.

Recent Developments

Strong Q4 FY25 performance with 43.8% YoY revenue growth in constant currency, driven by the BFSI vertical.
Significant deal wins, including a $2.1B Total Contract Value (TCV) with the Sabre deal.
94% of its workforce is AI-trained, positioning it as a leader in AI-driven solutions.
Announced stock split (1:2), boosting market liquidity and retail participation.

Technical Analysis

Key Observations

The stock has successfully broken trendline resistance with strong volume
This indicates the price is well-positioned for a near-term upside move.

Technical Image

Technical Analysis

Key Observations

The stock has successfully broken trendline resistance with strong volume
This indicates the price is well-positioned for a near-term upside move.

Technical Image

Conclusion

Coforge Stock Price Forecast

Based on our stock trading advice for short term trading, the Coforge Stock Price target will be INR 8750 - INR 8850 in the next 14-15 trading sessions.

Conclusion

Coforge Stock Price Forecast

Based on our stock trading advice for short term trading, the Coforge Stock Price target will be INR 8750 - INR 8850 in the next 14-15 trading sessions.

Analyst Summary

The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.