What Analyst Predictions Say About Coforge Share Future – 3 Must-Watch Trends
Coforge Ltd. has been performing steadily in the stock market, attracting investor attention with its consistent growth and stability. Let’s dive into its recent performance and metrics to understand how it fared today.
Main Points
Today’s Performance Metrics
Coforge’s share price today reflected some fluctuations, which is common in market activity. Below is a detailed breakdown of today’s key performance metrics:
| Performance Metrics | Values |
|---|---|
| Today’s Low | ₹6,540.00 |
| Today’s High | ₹6,609.00 |
| 52W Low | ₹4,287.25 |
| 52W High | ₹6,847.45 |
| Open | ₹6,551.25 |
| Prev. Close | ₹6,551.25 |
| Volume | 28,540 |
| Total Traded Value | ₹18.83 Cr |
| Upper Circuit | ₹7,206.35 |
| Lower Circuit | ₹5,896.15 |
As seen from the table, Coforge’s share price opened at ₹6,551.25 and fluctuated between a low of ₹6,540.00 and a high of ₹6,609.00 today. The company has a 52-week low of ₹4,287.25 and a high of ₹6,847.45, showing a strong upward trajectory over the past year.
Market Depth Analysis
Market depth provides insight into the buying and selling pressures that can affect a stock’s price. Here’s the current market depth for Coforge:
| Market Depth | Buy Order Quantity | Sell Order Quantity |
|---|---|---|
| Buy Percentage | 56.69% | Sell Percentage |
This indicates a higher demand for Coforge shares compared to those available for sale, potentially leading to future price increases.
Bid and Ask Prices
The bid and ask prices offer a snapshot of market liquidity and investor sentiment. Here’s a detailed look at the latest bid and ask prices:
| Bid Prices | Quantity | Ask Prices | Quantity |
|---|---|---|---|
| ₹6,596.00 | 70 | ₹6,597.40 | 3 |
| ₹6,593.45 | 30 | ₹6,598.00 | 90 |
| ₹6,593.40 | 3 | ₹6,599.00 | 7 |
| ₹6,593.35 | 2 | ₹6,599.15 | 2 |
| ₹6,593.25 | 2 | ₹6,599.35 | 18 |
The bid prices reflect the highest price a buyer is willing to pay, while the ask prices show the lowest price a seller is willing to accept. With buy orders higher than sell orders today, the demand for Coforge shares remains strong.
Analyst Estimates
Based on aggregated data from 27 analysts, here’s how Coforge’s future outlook looks:
| Analyst Estimates | Percentage |
|---|---|
| Buy | 56% |
| Hold | 19% |
| Sell | 26% |
A majority of analysts recommend buying Coforge shares, showcasing confidence in the stock’s future performance. You can read more about analyst estimates on Refinitiv.
Coforge Fundamentals
Fundamentals provide essential insights into a company’s financial health. Here’s an overview of Coforge’s key fundamentals:
| Fundamentals | Values |
|---|---|
| Market Cap | ₹43,633 Cr |
| ROE (Return on Equity) | 22.28% |
| P/E Ratio (TTM) | 56.23 |
| EPS (TTM) | 116.34 |
| P/B Ratio | 7.44 |
| Dividend Yield | 1.08% |
| Industry P/E | 34.36 |
| Book Value | 879.64 |
| Debt to Equity | 0.20 |
| Face Value | 10 |
Coforge’s Market Cap of ₹43,633 Cr positions it as one of the leading firms in its sector. Its ROE of 22.28% indicates strong returns on equity, while a P/E Ratio of 56.23 suggests that the stock is trading at a high multiple of its earnings, reflecting market confidence.
Final Thoughts
Overall, Coforge Ltd. has shown strong performance today with positive buying trends, indicating potential growth. For investors seeking long-term returns, the stock’s fundamentals and analyst ratings suggest a favorable outlook. Given its current market depth and demand, Coforge shares could see upward movement in the near term. For detailed analysis and market predictions, you can visit Coforge Ltd. stock performance.
Note: This article is written for educational purposes, Local Haryana does not provide buying and selling of any kind of stock
