TheScreener - Coforge (COFORGE) Increased risk weighs on COFORGE, penalising its rating down to Neutral

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EUR 13.99 For Business Accounts Only

Increased risk weighs on COFORGE, penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of COFORGE (IN), active in the Computer Services industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date January 25, 2022, the closing price was INR 4,781.65 and its target price was estimated at INR 4,387.23.

26/01/2022 1 EN

Underlying

Coforge

NIIT Technologies Ltd is an India-based Information technology (IT) solutions company. The Company is engaged in application development and maintenance, managed services, cloud computing and business process outsourcing to organizations in several sectors such as banking and financial services, insurance, travel and transportation and logistics, manufacturing and distribution and government. The Company is combined with capabilities in data and analytics, automation, cloud and digital, is enabling to drive business transformation. The Company offers Tron intelligent automation, digital process transformation, application services, business process services, cyber security, among others. It serves industries such as travel and transportation, insurance, banking and financial services and enterprise services.

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INE591G01017 National Stock Exchange of India India

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TheScreener

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Increased risk weighs on COFORGE, penalising its rating down to Neutral

Empowering Investors

Coforge Ltd: 2 directors

MOSL : COFORGE: Strong growth outlook factored in the valuation

Coforge’s Copasys Automated Compliance Audit and Quality Assurance Platform Receives US Patent

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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