# COFORGE (COFORGE) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/coforge

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,841
- Change: +2.68%
- As of: 2026-09-18
- 1D return: +2.68%
- 5D return: +0.43%
- 1M return: -2.18%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, COFORGE is trading at ₹1841.0, with a technical stance that shows mixed signals across different timeframes. The daily timeframe indicates a bearish trend, with the price below the 20-day Exponential Moving Average (EMA) and Simple Moving Average (SMA), and the Supertrend indicator also signaling bearish conditions. However, the longer-term monthly and weekly timeframes present a bullish picture, with the price trading above key moving averages and the Supertrend indicator indicating bullish trends. This divergence suggests potential short-term weakness within a broader upward trend.

Recent market activity includes an "Outside Bar" pattern on the daily chart and a "Harami" pattern on the monthly chart as of September 18, 2026. There have been two "EXTREME" anomalies in the past month: a wide intraday range on September 15, 2026, with a 0.07% range and a -0.04% return, and a volume surge with price movement on September 9, 2026, showing a 5.47 volume ratio and a -0.05% return. The stock's current position is near the upper end of its recent trading range, with a position in the 20-day range at 0.41 and in the 252-day range at 0.82. The annualized volatility stands at 0.4, with a current drawdown of -0.09 and a maximum drawdown of -0.46.

Key levels to watch include immediate support around ₹1830.64, which is 0.56% below the current price. Resistance is observed near ₹1845.13, approximately 0.22% above the current price, followed by further resistance at ₹1890.48. A break below the ₹1830.64 support could signal further downside, while a sustained move above the ₹1845.13 resistance may indicate a strengthening of upward momentum, especially if it aligns with a shift in daily trend indicators.

- The stock closed at ₹1841.0 on September 18, 2026.
- Daily technicals are bearish (price below 20-day EMA/SMA, Supertrend bearish), while monthly and weekly timeframes are bullish (price above key averages, Supertrend bullish).
- Nearest support is observed at ₹1830.64 (0.56% below current price), with resistance at ₹1845.13 (0.22% above current price).
- Recent anomalies include a wide intraday range on September 15, 2026, and a volume surge on September 9, 2026.
- Watch for a decisive move above ₹1845.13 for potential upward momentum, or a break below ₹1830.64 as a cautionary signal.

- Harami
- Outside Bar
- Bearish Engulfing Reversal
- Bullish Engulfing Reversal
- Evening Star

### News Context

In the seven-day period ending September 18, 2026, brokerage firms expressed positive sentiment towards Coforge, citing its enterprise autonomy and artificial intelligence (AI) strategy. Prabhudas Lilladher initiated coverage with a 'Buy' recommendation and a target price of ₹2,120, while Motilal Oswal also issued a 'Buy' rating with a target of ₹2,200. These reports highlight analyst optimism regarding Coforge's strategic direction, particularly its focus on AI and its "Data Cosmos" platform, which is seen as a key differentiator. This positive outlook on Coforge's strategic initiatives was noted against a backdrop of mixed market performance for the IT sector, with Nifty IT trading in the red on September 18, 2026, despite broader market gains.

- On September 18, 2026, Prabhudas Lilladher recommended a 'Buy' for Coforge with a target price of ₹2,120.
- On September 18, 2026, Motilal Oswal recommended a 'Buy' for Coforge with a target price of ₹2,200.
- Brokerage reports on September 18, 2026, indicated bullishness on Coforge's enterprise autonomy and AI strategy, mentioning its "Data Cosmos" and "Nuuron AgenticOps" initiatives.
- On September 18, 2026, Nifty IT was reported as a drag on the broader market, which saw gains driven by other sectors.

- Coforge share price: Brokerages bullish on its enterprise autonomy and AI strategy; check targets
- Sensex, Nifty gain as lower oil prices and global cues offset IT, Tata stocks drag
- Buy Coforge; target of Rs 2120: Prabhudas Lilladher
- Buy Coforge; target of Rs 2200: Motilal Oswal
- TCS, Infosys, HCL Tech, Wipro, LTM, FSol, Birlasoft, Coforge: Fresh target prices for top IT stocks

### What Changed

Recent filings from September 17, 2026, highlight Coforge's ongoing focus on Artificial Intelligence (AI) and enterprise autonomy. The company reported investing ₹580 million in AI innovation during FY26, with 86% of its revenue derived from AI-led engineering, data, and cloud services. As of Q1FY27, Coforge's twelve-month order book stood at $2.23 billion, marking a 44% year-over-year increase. The company also noted significant client adoption of its AI solutions, with over 160 clients on an "AgenticOps" journey, achieving 1.2 million autonomous resolutions at 98.2% accuracy, and 52 live client deployments for data enablement assets. A separate press release on September 18, 2026, indicates research findings by Coforge on a gap between private equity AI ambitions and value creation. In terms of market activity, Coforge's share price closed at ₹1841.0 on September 18, 2026, an increase from its previous close of ₹1793.0. Brokerage firms Prabhudas Lilladher and Motilal Oswal have issued buy recommendations with target prices of ₹2120 and ₹2200, respectively.

- On September 18, 2026, Coforge released research on the gap between private equity AI ambitions and value creation.
- An investor presentation on September 17, 2026, detailed ₹580 million invested in AI innovation in FY26, with 86% revenue from AI-led services.
- The twelve-month order book was $2.23 billion as of Q1FY27, up 44% year-over-year.
- Coforge reported 160+ clients on an AgenticOps journey and 52 live client deployments for data enablement assets.
- Coforge's share price closed at ₹1841.0 on September 18, 2026, up from ₹1793.0 previously.

- Coforge share price: Brokerages bullish on its enterprise autonomy and AI strategy; check targets
- Sensex, Nifty gain as lower oil prices and global cues offset IT, Tata stocks drag
- Buy Coforge; target of Rs 2120: Prabhudas Lilladher
- Buy Coforge; target of Rs 2200: Motilal Oswal
- Coforge Limited has informed the Exchange regarding a press release dated September 18, 2026, titled ""Coforge Research Finds Growing Gap in Private Equity Between AI Ambitions and Portfolio Value Creation"". |SUBJECT: Press Release
- Coforge Limited has informed the Exchange about General Updates |SUBJECT: General Updates

### Official Filings

Coforge Limited has disclosed several updates regarding its focus on Artificial Intelligence (AI) and its application in various industries. On September 17, 2026, the company announced its recognition as a 'Leader' across six segments in NelsonHall's 2026 NEAT evaluation for AI-Enabled Cloud Infrastructure Management Services. This recognition highlights Coforge's EvolveOps.AI platform and its AI capabilities, serving over 200 global cloud services customers. Further underscoring its AI strategy, an investor presentation on September 17, 2026, revealed that Coforge invested ₹580 million in AI innovation during FY26. The company reported that 86% of its revenue is derived from AI-led engineering, data, and cloud services, with a twelve-month order book of $2.23 billion as of Q1FY27, marking a 44% year-over-year increase. The presentation also detailed client successes, including significant cost reductions in vehicle inspections and capacity gains in mortgage operations, with over 160 clients engaged in its AgenticOps journey. Additionally, on September 15, 2026, Coforge announced the expansion of its automotive engineering practice, integrating capabilities in mobility software, cybersecurity, AI, and cloud technologies to support innovation in connected, EV, and software-defined vehicles. This expansion involves approximately 300 professionals across multiple geographies.

- On September 17, 2026, Coforge was named a 'Leader' in six segments of NelsonHall's 2026 NEAT for AI-Enabled Cloud Infrastructure Management Services.
- An investor presentation on September 17, 2026, disclosed ₹580 million invested in AI innovation in FY26 and 86% of revenue from AI-led services.
- The company reported a twelve-month order book of $2.23 billion as of Q1FY27, a 44% increase year-over-year.
- On September 15, 2026, Coforge expanded its automotive engineering practice, now comprising approximately 300 professionals globally, to focus on connected, EV, and software-defined vehicles.
- The company highlighted client case studies showing cost reductions and capacity gains through its AI and operational autonomy initiatives.

- Coforge Limited has informed the Exchange regarding a press release dated September 18, 2026, titled ""Coforge Research Finds Growing Gap in Private Equity Between AI Ambitions and Portfolio Value Creation"". |SUBJECT: Press Release
- Coforge Limited has informed the Exchange regarding a press release dated September 17, 2026, titled ""Coforge Positioned as a Leader Across Six Segments in NelsonHall s 2026 NEAT for AI-Enabled Cloud Infrastructure Management Services "". |SUBJECT: Press Release
- Coforge Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- Coforge Limited has informed the Exchange regarding a press release dated September 16, 2026, titled " Coforge Accelerates the Shift from AI Features to Enterprise Outcomes in Hi-Tech. ". |SUBJECT: Press Release
- Coforge Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Coforge Limited has informed the Exchange regarding a press release dated September 15, 2026, titled ""Coforge Expands Automotive Engineering Footprint to Accelerate Connected, EV and Software-Defined Vehicle Innovation"". |SUBJECT: Press Release
- Coforge Limited has informed the Exchange regarding a press release dated September 15, 2026, titled ""Coforge to Host Executive Briefing on Operationalizing Enterprise Autonomy"". |SUBJECT: Press Release
- Coforge Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Coforge Limited has informed the Exchange regarding a press release dated September 14, 2026, titled "Coforge Global Event Advances Workforce Readiness for Enterprise AI Adoption". |SUBJECT: Press Release
- Coforge Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates

### Fundamentals

Coforge's recent operating performance shows a mixed trajectory. While projected sales for Q1 FY2026-27 are ₹5,527.70 crore, an increase from Q4 FY2025-26's ₹4,450.40 crore, the operating profit margin (OPM) is expected to decline to 14.0% in FY2025 from 16.0% in FY2024, before recovering to 18.0% in FY2026. Net profit has shown growth, reaching ₹836.0 crore in FY2024 and projected to reach ₹936.0 crore in FY2025 and ₹1,745.0 crore in FY2026. Earnings Per Share (EPS) followed a similar trend, at ₹26.14 in FY2024, projected at ₹24.29 for FY2025, and ₹46.33 for FY2026.

Financially, the company's borrowings have increased significantly from ₹14 crore in March 2019 to ₹726 crore in March 2024, with further projections to ₹1,070 crore by March 2025 before decreasing to ₹728 crore by March 2026. This increase in debt is accompanied by a rise in fixed assets and other assets, suggesting investments in growth. The company's cash flow from operations has remained robust, with ₹903.0 crore in FY2024, projected to increase to ₹1,237.0 crore in FY2025 and ₹1,792.0 crore in FY2026. Free cash flow was ₹644.0 crore in FY2024, projected at ₹680.0 crore for FY2025 and ₹1,197.0 crore for FY2026.

Key monitoring areas include the projected decline and subsequent recovery in operating profit margins, the management of increasing borrowings, and the conversion of operating cash flow into free cash flow. The significant increase in shareholders, particularly from FIIs and DIIs, from March 2024 to March 2025, warrants attention.

- Projected sales for Q1 FY2026-27 are ₹5,527.70 crore, up from ₹4,450.40 crore in Q4 FY2025-26.
- Operating profit margin (OPM) is projected to be 14.0% in FY2025, down from 16.0% in FY2024, but expected to recover to 18.0% in FY2026.
- Net profit was ₹836.0 crore in FY2024, with projections of ₹936.0 crore for FY2025 and ₹1,745.0 crore for FY2026.
- Borrowings increased to ₹726 crore in March 2024 and are projected to reach ₹1,070 crore by March 2025.
- Cash flow from operations was ₹903.0 crore in FY2024, with projections of ₹1,237.0 crore for FY2025 and ₹1,792.0 crore for FY2026.

### Bull Case

Coforge has demonstrated significant growth in both sales and profits over the past five years, with compounded annual growth rates of 29% for both metrics. This growth trend has continued into the latest reported period, with a 36% compounded sales growth and a 98% compounded profit growth on a trailing twelve months (TTM) basis. The company's balance sheet shows an increase in fixed assets from ₹819 in March 2019 to ₹1079 in March 2020, alongside a rise in total assets from ₹2834 to ₹3400 over the same period. Cash flow from investing activities turned positive in March 2020, recording ₹136 compared to a negative ₹237 in March 2019, while cash flow from operating activities remained substantial at ₹297 in March 2020. The company's reserves also grew from ₹2010 in March 2019 to ₹2334 in March 2020.

- Compounded sales growth over 5 years was 29% and TTM compounded sales growth was 36%.
- Compounded profit growth over 5 years was 29% and TTM compounded profit growth was 98%.
- Fixed assets increased from ₹819 (Mar 2019) to ₹1079 (Mar 2020).
- Cash flow from investing activities was ₹136 (Mar 2020) compared to ₹-237 (Mar 2019).
- Reserves increased from ₹2010 (Mar 2019) to ₹2334 (Mar 2020).

- Coforge share price: Brokerages bullish on its enterprise autonomy and AI strategy; check targets
- Sensex, Nifty gain as lower oil prices and global cues offset IT, Tata stocks drag
- Buy Coforge; target of Rs 2120: Prabhudas Lilladher
- Buy Coforge; target of Rs 2200: Motilal Oswal
- TCS, Infosys, HCL Tech, Wipro, LTM, FSol, Birlasoft, Coforge: Fresh target prices for top IT stocks

### Bear Case

Coforge's financial position shows an increase in borrowings from ₹14 crore in March 2019 to ₹35 crore in March 2020. This coincides with a significant decrease in investments, which fell from ₹365 crore to ₹14 crore over the same period. Operating cash flow also declined, with Cash from Operating Activity decreasing from ₹453 crore in March 2019 to ₹297 crore in March 2020, and Free Cash Flow dropping from ₹385 crore to ₹227 crore. The company's daily technical trend indicates a bearish Supertrend direction with a value of 1947.47 as of September 18, 2026, suggesting a potential downward price movement.

- Borrowings increased to ₹35 crore in March 2020 from ₹14 crore in March 2019.
- Investments decreased to ₹14 crore in March 2020 from ₹365 crore in March 2019.
- Cash from Operating Activity decreased to ₹297 crore in March 2020 from ₹453 crore in March 2019.
- Free Cash Flow decreased to ₹227 crore in March 2020 from ₹385 crore in March 2019.
- The daily Supertrend direction was bearish as of September 18, 2026.

- Coforge share price: Brokerages bullish on its enterprise autonomy and AI strategy; check targets
- Sensex, Nifty gain as lower oil prices and global cues offset IT, Tata stocks drag
- Buy Coforge; target of Rs 2120: Prabhudas Lilladher
- Buy Coforge; target of Rs 2200: Motilal Oswal
- TCS, Infosys, HCL Tech, Wipro, LTM, FSol, Birlasoft, Coforge: Fresh target prices for top IT stocks

### FAQs

**How has Coforge's financial structure changed between March 2019 and March 2020?**

Between March 2019 and March 2020, Coforge's total assets grew from ₹2,834 crore to ₹3,400 crore, with total liabilities also increasing proportionally from ₹2,834 crore to ₹3,400 crore. Key balance sheet changes included an increase in Fixed Assets from ₹819 crore to ₹1,079 crore, and a significant rise in Other Assets from ₹1,649 crore to ₹2,307 crore. Conversely, Investments decreased from ₹365 crore to ₹14 crore. Borrowings also increased from ₹14 crore to ₹35 crore, while Equity Capital remained stable at ₹62 crore and Reserves grew from ₹2,010 crore to ₹2,334 crore.

**What has been Coforge's recent performance in terms of sales and profit growth?**

Coforge has demonstrated strong growth in both sales and profit. Over the last 5 years, the company achieved a compounded sales growth of 29% and a compounded profit growth of 29%. On a trailing twelve months (TTM) basis, the compounded sales growth accelerated to 36%, and compounded profit growth surged to 98%.

**What recent developments has Coforge announced regarding its AI strategy and market positioning?**

Coforge has made several recent announcements related to its AI strategy and market recognition. On September 17, 2026, the company announced it was named a 'Leader' in six segments of NelsonHall's 2026 NEAT for AI-Enabled Cloud Infrastructure Management Services, highlighting its EvolveOps.AI platform. An investor presentation on September 17, 2026, detailed an investment of $58 million in AI innovation in FY26, with 86% of revenue from AI-led engineering, data, and cloud services, and a $2.23 billion order book executable as of Q1FY27, up 44% year-over-year. The company also released a press release on September 18, 2026, discussing research on the gap between AI ambitions and value creation in private equity.

**What are the key technical indicators for Coforge as of September 18, 2026?**

As of September 18, 2026, Coforge's daily trend indicators show an ADX of 32.51, with the Supertrend direction being bearish at ₹1947.47. The 50-day Simple Moving Average (SMA) is ₹1761.19, showing a positive slope over the last 5 days, while the 20-day SMA is ₹1896.21 with a negative slope. On a monthly timeframe, the Supertrend direction is bullish at ₹985.84, with an ADX of 31.06. The nearest support level is ₹1830.64, and the nearest resistance level is ₹1845.13.

- Coforge share price: Brokerages bullish on its enterprise autonomy and AI strategy; check targets
- Sensex, Nifty gain as lower oil prices and global cues offset IT, Tata stocks drag
- Buy Coforge; target of Rs 2120: Prabhudas Lilladher
- Buy Coforge; target of Rs 2200: Motilal Oswal
- TCS, Infosys, HCL Tech, Wipro, LTM, FSol, Birlasoft, Coforge: Fresh target prices for top IT stocks
- Coforge Limited has informed the Exchange regarding a press release dated September 18, 2026, titled ""Coforge Research Finds Growing Gap in Private Equity Between AI Ambitions and Portfolio Value Creation"". |SUBJECT: Press Release
- Coforge Limited has informed the Exchange regarding a press release dated September 17, 2026, titled ""Coforge Positioned as a Leader Across Six Segments in NelsonHall s 2026 NEAT for AI-Enabled Cloud Infrastructure Management Services "". |SUBJECT: Press Release
- Coforge Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- Coforge Limited has informed the Exchange regarding a press release dated September 16, 2026, titled " Coforge Accelerates the Shift from AI Features to Enterprise Outcomes in Hi-Tech. ". |SUBJECT: Press Release
- Coforge Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹1,783.27
- Risk regime: Price Risk Requires Attention

### Support levels
- 1830.6437500000002
- 1780.0125
- 1707.875

### Resistance levels
- 1890.484375
- 1958.4499999999998
- 2006.525

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.68% |
| return_10 | -6.63% |
| return_1m | +3.84% |
| return_1y | +0.90% |
| return_20 | -2.18% |
| return_3m | +24.14% |
| return_5 | +0.43% |
| return_6m | +62.63% |
| return_since_start | -4.40% |
| return_ytd | +11.18% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -45.71% |
| annualized_volatility | +39.57% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Growth Accelerates But Net Profit Declines Sequentially

Coforge Limited reported revenue from operations of ₹5,527.7 crore for the quarter ended 30 June 2026, a 24.2% increase from the previous quarter and a 49.9% increase from the same period a year ago. Despite this top-line expansion, net profit declined 20.2% sequentially to ₹531.7 crore. The decline was primarily driven by a swing in tax expense, as profit before tax actually rose 12.3% from the prior quarter. Expenses grew faster than revenue, and finance costs more than doubled, but the revenue increase was sufficient to lift pre-tax profit.

## Revenue and Scale Expansion

Revenue from operations increased by ₹1,077.3 crore sequentially, moving from ₹4,450.4 crore in the quarter ended 31 March 2026 to ₹5,527.7 crore in the quarter ended 30 June 2026. This 24.2% sequential growth rate marked an acceleration from the 6.3% sequential growth recorded in the previous quarter. On a year-over-year basis, revenue grew by ₹1,839.1 crore, or 49.9%, from ₹3,688.6 crore in the quarter ended 30 June 2025.

## Expense Composition and Cost Structure

Total expenses rose by ₹1,003.5 crore sequentially to ₹4,797.4 crore, a 26.5% increase that outpaced the 24.2% revenue growth. On a year-over-year basis, expenses increased 44.6%, lagging the 49.9% revenue growth. Employee benefit expense for the quarter was ₹3,125 crore, representing 65.1% of total expenses. Depreciation, depletion, and amortisation expense was ₹241.1 crore. The faster sequential growth in expenses relative to revenue compressed the incremental margin on new revenue generated during the quarter.

## Profitability and Tax Reconciliation

Profit before exceptional items and tax rose 11.6% sequentially to ₹757.1 crore. After accounting for exceptional items of -₹55 crore, profit before tax stood at ₹702.1 crore, up 12.3% from ₹625 crore in the previous quarter. However, net profit fell to ₹531.7 crore from ₹666.2 crore, a decline of 20.2%. This was driven by a tax expense of ₹170.4 crore in the current quarter, compared to a tax credit of ₹41.2 crore in the prior quarter. Finance costs increased to ₹86.6 crore from ₹40 crore, a 116.5% rise, which weighed on overall profitability. Comprehensive income for the period was ₹674 crore, exceeding net profit by ₹142.3 crore.

## Segment Reporting and Profitability

Segment profit before tax for the quarter was ₹882.2 crore, up from ₹365.4 crore in the same quarter last year. This segment profit was ₹180.1 crore higher than the overall profit before tax of ₹702.1 crore, indicating expenses or adjustments not allocated to specific business segments.

## Key Takeaway

Coforge delivered an acceleration in revenue growth, with sequential growth of 24.2% and year-over-year growth of 49.9%. However, net profit declined 20.2% sequentially due to a swing from a tax credit in the prior quarter to a tax expense in the current quarter, even as pre-tax profit increased. Expenses grew faster than revenue, and finance costs more than doubled, but the revenue expansion was sufficient to drive higher profit before tax. The segment profit before tax also showed year-over-year growth, though it remained above the overall profit before tax due to unallocated costs.

### Ratios

## Official filings

- 2026-09-19 — Press Release: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_19092026202341_IntimationofPressReleasellSeptember192026.pdf)
- 2026-09-18 — Press Release: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_18092026133319_IntimationofPressReleasellSeptember182026.pdf)
- 2026-09-17 — Press Release: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_17092026110859_IntimationofPressReleasellSeptember172026.pdf)
- 2026-09-17 — Generic Announcement: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_17092026180734_SignedInvestorPresentationllSep172026.pdf)
- 2026-09-16 — Press Release: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_16092026095308_IntimationofPressReleasellSeptember162026.pdf)
- 2026-09-16 — Generic Announcement: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_16092026123936_InvestorMeetVideoRecordingIntimationllSeptember162026.pdf)
- 2026-09-15 — Press Release: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_15092026121057_IntimationofPressReleasellSeptember152026.pdf)
- 2026-09-15 — Press Release: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_15092026212315_Evening_IntimationofPressReleasellSeptember152026_Signed.pdf)
- 2026-09-15 — Generic Announcement: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_15092026233011_InvestorMeetTranscriptIntimationllSeptember152026.pdf)
- 2026-09-14 — Press Release: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_14092026111642_IntimationofPressReleasellSeptember142026.pdf)
- 2026-09-14 — Generic Announcement: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_14092026212228_InvestorMeetAudioIntimationllSeptember142026.pdf)
- 2026-09-13 — Press Release: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_13092026183626_IntimationSigned.pdf)
- 2026-09-11 — Generic Announcement: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_11092026194226_SE_Intimation_of_resignation_II_DK_Singh.pdf)
- 2026-09-11 — Generic Announcement: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_11092026194601_SE_Intimation_of_resignation_II_DK_Singh.pdf)
- 2026-09-11 — Management Change: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_ROID_98344_KMP_Doc.zip)
- 2026-09-11 — Management Change: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_ROID_98345_KMP_Doc.zip)
- 2026-09-11 — Generic Announcement: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_11092026201026_Investor_Meet_Intimation.pdf)
- 2026-09-11 — Generic Announcement: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2213_WebXMLFile_20260911_201859448.xml)
- 2026-09-09 — Generic Announcement: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_09092026092136_Updateunderregulation30.pdf)
- 2026-09-09 — Generic Announcement: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2213_WebXMLFile_20260909_180710401.xml)
- 2026-09-09 — Generic Announcement: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2213_WebXMLFile_20260909_180852466.xml)
- 2026-09-09 — Management Change: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_ROID_98233_KMP_Doc.zip)
- 2026-09-09 — Management Change: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_ROID_98232_KMP_Doc.zip)
- 2026-09-08 — Generic Announcement: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_09092026014624_SEIntimationofresignationMrBhattSep92026.pdf)
- 2026-09-08 — Generic Announcement: Coforge Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/COFORGE_09092026015331_SEIntimationofresignationMrBhattSep92026.pdf)

## News and market events

- 2026-09-19 — The Hindu: **The price of AI is falling; why are enterprises still spending more? Explained** — Artificial intelligence (AI) is turning sharply cheaper to run on a per-token basis. Yet, the amount companies spend on AI is rising as they move from experiments and chatbots to more complex, multi-step applications. — [Source](https://www.thehindu.com/business/the-price-of-ai-is-falling-why-are-enterprises-still-spending-more-explained/article71484317.ece)
- 2026-09-18 — NEWS.WEBINDIA123.COM: **Amid board disclosure row, Coforge calls for auditable AI governance as investor concerns linger** — IT services firm Coforge has called for greater visibility, accountability and auditable governance of artificial intelligence investments across private equity portfolios, even as the company itself faces questions over information disclosure at the board level that have led to the resignation of two independent directors. — [Source](https://news.webindia123.com/news/articles/business/20260918/4500275.html)
- 2026-09-18 — BUSINESSTODAY: **Coforge share price: Brokerages bullish on its enterprise autonomy and AI strategy; check targets** — Coforge share price, Coforge stock, Coforge share price today, Coforge target price, Coforge AI, Coforge enterprise autonomy,, Coforge Data Cosmos, Coforge brokerage rating, Coforge buy or sell, Coforge stock target, Coforge AI investment, Coforge FDE, Coforge share price target, Coforge share price target 2026, Coforge brokerage target price, Coforge Nuuron AgenticOps Data Cosmos, Coforge share price outlook, Coforge latest brokerage report, Coforge stock buy sell rating — [Source](https://www.businesstoday.in/markets/stocks/story/coforge-share-price-brokerages-bullish-on-its-enterprise-autonomy-and-ai-strategy-check-targets-556408-2026-09-18)
- 2026-09-18 — The Hindu: **Sensex, Nifty gain as lower oil prices and global cues offset IT, Tata stocks drag** — Broader markets surged, with the smallcap index outperforming the midcap index. Nifty IT was the biggest drag, while telecom and consumer durables also traded in the red. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty-gain-as-lower-oil-prices-and-global-cues-offset-it-tata-stocks-drag/article71479688.ece)
- 2026-09-18 — MONEYCONTROL: **Buy Coforge; target of Rs 2120: Prabhudas Lilladher** — Prabhudas Lilladher, Coforge, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-coforge-target-of-rs-2120-prabhudas-lilladher-2-14032726.html)
- 2026-09-18 — MONEYCONTROL: **Buy Coforge; target of Rs 2200: Motilal Oswal** — Motilal Oswal, Coforge, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-coforge-target-of-rs-2200-motilal-oswal-4-14032721.html)
- 2026-09-17 — BUSINESSTODAY: **TCS, Infosys, HCL Tech, Wipro, LTM, FSol, Birlasoft, Coforge: Fresh target prices for top IT stocks** — IT stocks, IT stocks to buy, IT stocks target prices, which IT stocks to buy, IT stocks to sell, Which IT stocks should I sell,, Tata Consultancy Services, Firstsource Solutions, Birlasoft, Coforge, HCL Tech, LTM, Persistent Systems, TCS, Eclerx, Infosys, Mphasis, Tech Mahindra, Wipro, Zensar Technologies, Firstsource target price, Birlasoft target price, Coforge target price, HCL Tech target price target price, LTM target price, Persistent Systems target price, TCS target price, Eclerx target price, Infosys target price, Mphasis target price, TechM target price, Wipro target price, Zensar Tech target price — [Source](https://www.businesstoday.in/markets/stocks/story/tcs-infosys-hcl-tech-wipro-ltm-fsol-birlasoft-coforge-fresh-target-prices-for-top-it-stocks-556193-2026-09-17)
- 2026-09-17 — BUSINESS: **Coforge named Leader in AI-Enabled Cloud Infrastructure Management Services** — In NelsonHall's 2026 NEAT report — [Source](https://www.business-standard.com/markets/capital-market-news/coforge-named-leader-in-ai-enabled-cloud-infrastructure-management-services-126091700459_1.html)
- 2026-09-17 — CNBC-TV18: **Indian IT margins could come under pressure in FY28 if rupee cushion fades: JM Financial** — JM Financial's Rajiv Berlia says Indian IT margins held up this year mainly because of rupee depreciation, and FY28 could see pressure return if that support fades. He expects earnings estimates to be cut to neutral in the second half of FY27 as competition rises. He still holds buy or add ratings on nine of his 15 covered stocks, led by Mphasis and Sagility. — [Source](https://www.cnbctv18.com/market/indian-it-sector-fy28-margin-risks-rupee-depreciation-jm-financial-rajiv-berlia-mphasis-infosys-coforge-sagility-hcltech-tech-mahindra-artificial-intelligence-alpha-article-19992545.htm)
- 2026-09-17 — The Hindu: **Decoding Coforge saga** — Withholding details to the Board is a serious lapse — [Source](https://www.thehindubusinessline.com/opinion/decoding-coforge-saga/article71473386.ece)
- 2026-09-16 — Mint: **EQT Group to ramp up India presence with $50 billion investment plan over next four years | Company Business News** — The global private-equity firm plans to expand beyond large buyouts into data centres, infrastructure, mid-market companies, venture capital and secondary transactions in India. — [Source](https://www.livemint.com/companies/news/eqt-group-to-ramp-up-india-presence-with-planned-50-bln-investment-by-2030-11789568380262.html)
- 2026-09-16 — BUSINESSTODAY: **TCS, Infy, HCL Tech, TechM, LTM, Coforge, Mphasis: Check fresh price targets for these IT stocks** — IT stocks, IT stocks to buy,, Indian IT stocks, IT sector outlook, IT stocks outlook, TCS share price, Infosys share price, Wipro share price, HCLTech share price, Tech Mahindra share price, Coforge share price, Persistent Systems share price, Mphasis share price, Nirmal Bang IT sector report, Nirmal Bang IT stocks, AI impact on IT stocks, IT sector stocks, IT stocks outlook FY27, Nirmal Bang IT sector report September 2026 — [Source](https://www.businesstoday.in/markets/stocks/story/tcs-infy-hcl-tech-techm-ltm-coforge-mphasis-check-fresh-price-targets-for-these-it-stocks-555868-2026-09-16)
- 2026-09-16 — CNBC-TV18: **IT CEOs’ pay soars, but stocks struggle: Numbers behind India’s tech giants** — Artificial intelligence is reshaping India’s IT services industry, with growth slowing sharply across much of the sector in FY26. At the same time, CEO compensation at several leading IT companies including Infosys, TCS, Wipro and others, has risen significantly over the past two years. Here’s how CEO pay, revenue growth and stock performance compare. — [Source](https://www.cnbctv18.com/photos/market/it-ceos-pay-soars-but-stocks-struggle-numbers-behind-indias-tech-giants-tcs-hcltech-persistent-mphasis-wipro-19991721.htm)
- 2026-09-16 — Economic Times: **Coforge expands AI focus to help Hi-Tech firms scale beyond pilots** — Coforge is empowering Hi-Tech companies to incorporate AI seamlessly into their engineering and operational processes. By merging an advanced AI operating framework with expert engineers, they aim to speed up product innovation and cut down engineering expenses significantly. Their commitment to enriching customer experiences and enhancing market adaptability underpins their goal of delivering tangible business results for clients. — [Source](https://cio.economictimes.indiatimes.com/news/corporate-news/coforge-expands-ai-focus-to-help-hi-tech-firms-scale-beyond-pilots/134281371)
- 2026-09-16 — MONEYCONTROL: **Coforge extends losses, falls over 2% for second session after chairman, director exits; Nomura, Motilal Oswal retain ‘Buy’** — Coforge, Coforge news, Coforge latest news, Coforge stocks, Coforge shares, Nomura, Motilal Oswal — [Source](https://www.moneycontrol.com/news/business/stocks/coforge-share-price-extends-losses-falls-over-2-for-second-session-after-chairman-director-exits-nomura-motilal-oswal-retain-buy-14030843.html)
- 2026-09-16 — Economic Times: **UPI charges from October 15; Activate’s maiden fund** — Happy Wednesday! The NPCI has announced charges on select UPI merchant payments. This and more in today's ETtech Morning Dispatch. — [Source](https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/upi-charges-from-october-15-activates-maiden-fund/articleshow/134276098.cms)
- 2026-09-15 — Economic Times: **NPCI unveils UPI MDR; Meta's new child safety measures** — The NPCI has finalised the long-awaited MDR framework for UPI transactions, paving the way for changes to the payments ecosystem. This and more in todays ETtech Top 5. — [Source](https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/ncpi-announces-upi-mdr-paytm-says-its-profits-are-safe/articleshow/134265244.cms)
- 2026-09-15 — MONEYCONTROL: **Taking Stock: Nifty hits five-month low below 23,200; Sensex tanks 778 points** — Stock Market Today,Taking Stock,Sensex,Nifty,Market Today,Sensex Today, Nifty Today,Stock Market Today,India Stock Market Today,Share Market Today — [Source](https://www.moneycontrol.com/news/business/markets/taking-stock-nifty-hits-five-month-low-below-23-200-sensex-tanks-778-points-14030217.html)
- 2026-09-15 — MONEYCONTROL: **Moneycontrol Pro Panorama | IT stocks and the swinging AI narratives** — Economy, markets, MC Pro Panorama, Moneycontrol Pro Panorama, newsletter, — [Source](https://www.moneycontrol.com/news/business/economy/moneycontrol-pro-panorama-it-stocks-and-the-swinging-ai-narratives-14030041.html)
- 2026-09-15 — BUSINESS: **Coforge expands automotive engineering capabilities** — Through convergence of software, AI and physical systems for next-gen vehicle ecosystems — [Source](https://www.business-standard.com/markets/capital-market-news/coforge-expands-automotive-engineering-capabilities-126091500523_1.html)
- 2026-09-15 — The Hindu: **HCL Tech leads IT stocks rally, AI sector repricing triggers relief move in Indian IT** — The gains came as Indian IT stocks saw a relief rally amid a broader recalibration in the global technology sector, according to Vinit Bolinjkar, Head of Research at Ventura — [Source](https://www.thehindubusinessline.com/markets/stock-markets/hcl-tech-leads-it-stocks-rally-ai-sector-repricing-triggers-relief-move-in-indian-it/article71467195.ece)
- 2026-09-15 — Economic Times: **Coforge: Coforge hires Egon Zehnder for chairman, independent director search - The Economic Times** — ET had reported last week that KPMG, the internal auditor of Coforge (formerly NIIT Technologies), had raised concerns that the board evaluation reports were selectively available only to the then NRC chair and chairman, and were not shared with other board members. Among the key findings that were suppressed was the low rating given to the chairman. — [Source](https://economictimes.indiatimes.com/tech/information-tech/coforge-hires-egon-zehnder-for-chairman-independent-director-search/articleshow/134254413.cms)
- 2026-09-15 — CNBC-TV18: **A $200 million fund manager explains his bet on HDFC Bank, Coforge, and PVR Inox** — The Nifty 50 is off to a weak start after five straight weekly losses, making some stocks too cheap to ignore. — [Source](https://www.cnbctv18.com/market/stocks/hdfc-bank-ashika-institutional-equities-ceo-rahul-arora-sbi-karur-vysya-bank-coforge-pvr-inox-solar-fund-managers-crude-oil-prices-19990687.htm)
- 2026-09-15 — MONEYCONTROL: **Coforge shares fall 3% after Chairman OP Bhatt, Director DK Singh resign; Emkay, Motilal Oswal retain 'Buy'** — Coforge, Coforge shares, Coforge stock, Coforge share price, Coforge OP Bhatt, Coforge DK Singh, Emkay Research, Motilal Oswal — [Source](https://www.moneycontrol.com/news/business/stocks/coforge-shares-fall-3-after-chairman-op-bhatt-director-dk-singh-resign-emkay-motilal-oswal-retain-buy-14030142.html)
- 2026-09-15 — MONEYCONTROL: **Buy Coforge; target of Rs 2200: Motilal Oswal** — Motilal Oswal, Coforge, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-coforge-target-of-rs-2200-motilal-oswal-3-14030087.html)

## Business profile

**Strategic vision:** IT services for digital transformation and consulting.

### Business segments
- **Digital Transformation Services:** Offers services designed to support digital transformation and operational efficiency, including AI solutions, cloud infrastructure, data management, and enterprise applications.
- **Business Process Solutions (BPS):** Provides AI-Led Business Process Solutions focusing on end-to-end digital transformation, integrating automation, analytics, and AI/ML for intelligent decision-making.

### Competitive strengths
- Deep industry expertise across key sectors
- AI engineering capabilities
- Proprietary assets for solution development

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/coforge
Markdown representation: https://faxioms.com/stocks/coforge?render=md