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Motilal Oswal has given a neutral rating to Coforge with a target price of Rs 2500. The share price moved down by 0.19 per cent from its previous close of Rs 2345.15. The stock’s last traded price is Rs 2340.75.
Coforge Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 14105.11 Crore) operating in IT Software sector.
Coforge Ltd. key Products/Revenue Segments include Sale of services which contributed Rs 2213.10 Crore to Sales Value (99.19 % of Total Sales) and Software Products which contributed Rs 17.90 Crore to Sales Value (0.80 % of Total Sales)for the year ending 31-Mar-2020.
Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 1057.00 Crore, down 4.71 % from last quarter Sales of Rs 1109.30 Crore and up 9.80 % from last year same quarter Sales of Rs 962.70 Crore Company reported net profit after tax of Rs 82.90 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 70.10 per cent stake in the company as of March 31, 2020, while FIIs held 14.49 per cent, DIIs 6.79 per cent and public and others 8.62 per cent.
Coforge Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 14105.11 Crore) operating in IT Software sector.
Coforge Ltd. key Products/Revenue Segments include Sale of services which contributed Rs 2213.10 Crore to Sales Value (99.19 % of Total Sales) and Software Products which contributed Rs 17.90 Crore to Sales Value (0.80 % of Total Sales)for the year ending 31-Mar-2020.
Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 1057.00 Crore, down 4.71 % from last quarter Sales of Rs 1109.30 Crore and up 9.80 % from last year same quarter Sales of Rs 962.70 Crore Company reported net profit after tax of Rs 82.90 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 70.10 per cent stake in the company as of March 31, 2020, while FIIs held 14.49 per cent, DIIs 6.79 per cent and public and others 8.62 per cent.