Buy Coforge, target price Rs 4031: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Coforge with a target price of Rs 4031. The current market price of Coforge Ltd. is Rs 3498.45. Time period given by analyst is one year when Coforge Ltd. price can reach defined target.

Coforge Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 21690.14 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-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1843.40 Crore, up 4.38 % from last quarter Total Income of Rs 1766.10 Crore and up 24.75 % from last year same quarter Total Income of Rs 1477.70 Crore. Company reported net profit after tax of Rs 171.90 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 40.09 per cent stake in the company as of 30-Jun-2022, while FIIs owned 21.87 per cent, DIIs 25.89 per cent.