Coforge Share Worth: Coforge Ltd shares surged over 4 per cent on Monday within the early buying and selling session to Rs 1,842.35 on the BSE after the IT providers agency reported a powerful set of numbers for the September quarter (Q2 FY26), beating Avenue expectations on each revenue and margins.
The rally got here as high brokerages, together with JP Morgan, Morgan Stanley, and Jefferies, raised their goal costs, projecting additional upside of as much as 40 per cent from present ranges.
The corporate’s consolidated internet revenue rose 86 per cent year-on-year to Rs 376 crore for the quarter ended September 2025, pushed by strong deal wins and improved execution.
Income from operations climbed 31.7 per cent YoY to Rs 3,985.7 crore, supported by giant deal momentum. 5 main contracts have been signed in the course of the quarter.
Sequentially, revenue rose 18.4 per cent, whereas the EBIT margin expanded to 14 per cent, up 251 foundation factors QoQ and 240 bps YoY.
Coforge’s board additionally introduced an interim dividend of Rs 4 per share, with October 31, 2025, set because the report date.
Coforge Share Worth Goal
On the present market value of Rs 1,842, the common brokerage goal of Rs 2,063 suggests an upside potential of about 12 per cent, whereas essentially the most bullish estimate from JP Morgan implies beneficial properties of as much as 36 per cent.
JP Morgan maintained its Obese score and hiked its goal value to Rs 2,500 (from Rs 2,400), highlighting the corporate’s improved margins and money move in comparison with final quarter.
The brokerage mentioned administration commentary suggests a stronger second half of FY26, supported by a strong deal pipeline and secure 14 per cent EBIT margins.
Morgan Stanley echoed an analogous sentiment, retaining an Obese name with a revised goal of Rs 2,030. The agency mentioned Coforge’s “all-around efficiency” has eased investor issues, with good visibility for progress and margins in H2.
Jefferies maintained a Purchase score with a raised goal of Rs 2,180, noting that margin enlargement and robust free money move conversion have been constructive surprises. It expects a 20 per cent CAGR in EPS for FY26–28, underpinned by constant execution and a wholesome order ebook.
Nomura additionally reiterated its Purchase name with a goal of Rs 1,900, terming Coforge its high decide within the midcap IT area because of its sturdy executable order ebook and enhancing money flows.
CLSA remained Accumulate with a goal of Rs 2,275, whereas HSBC retained a Maintain score with a goal of Rs 2,025. Citi was the one brokerage with a cautious view, sustaining a Promote score and a goal of Rs 1,530, citing softer income progress in greenback phrases
