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Coforge Jumps 5%: Here’s Why Brokerages Are Raising Target Price to ₹11,000

  • By admin
  • May 6, 2025
  • 74 Views

📈 Coforge Shares Jump 5%: Here’s Why Investors Are Bullish!

🔹 Strong Q4 Earnings:

  • Net profit rose 17% YoY to ₹261.2 crore
  • Revenue surged 47% YoY to ₹3,410 crore

💸 Dividend Declared:

  • Interim dividend of ₹19/share for FY25
  • Record date: May 12

🔀 Stock Split Announced:

  • 1:2 stock split (1 share becomes 2)
  • Record date: June 4

📊 Brokerage Buzz:

  • Nomura, Motilal Oswal, and Nuvama maintain ‘Buy’ ratings
  • Revised target price range: ₹9,400–₹11,000
  • Implies up to 65% upside from current levels

🚀 The combination of robust earnings, attractive corporate actions, and bullish analyst calls has sparked optimism on Dalal Street!

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