Sensex Today | Kotak Institutional Equities keeps ‘buy’ rating on Coforge, target price at Rs 2,250
#1 Encora has a strong product engineering heritage with nearshore delivery
#2 Encora provides a launchpad for the hi-tech vertical and plenty of new clients to mine
#3 Asset is good in our view, but pricey
#4 Strong revenue synergies and some cost synergies are available
#5 Require good execution given demand environment and considerable risks involved
#6 Sharp execution of synergies key to drive acquisition toward stated outlook of EPS accretion in FY27
Coforge was quoting at Rs 1,707, up Rs 33.75, or 2.02 percent.
It has touched an intraday high of Rs 1,712.30 and an intraday low of Rs 1,638.
It was trading with volumes of 121,955 shares, compared to its five day average of 99,845 shares, an increase of 22.14 percent.
In the previous trading session, the share closed down 3.70 percent or Rs 64.20 at Rs 1,673.25.
The share touched a 52-week high of Rs 2,003.59 and a 52-week low of Rs 1,190.84 on 30 December, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 14.8 percent below its 52-week high and 43.34 percent above its 52-week low.
Market capitalisation stands at Rs 57,191.64 crore.