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Asia

Coforge Expands AI Vehicle Inspection System for Fleet Operators

Coforge (NSE:COFORGE, BOM:532541) has expanded its AI-based vehicle inspection system for automotive lenders, fleet operators and remarketing companies.The platform integrates vehicle history, maintenance records, mileage and inspection data to create a digital report on a vehicle's condition, according to an Indian bourse filing on Sunday.The system is already processing more than 60,000 vehicles annually, Coforge said.Shares of the company fell nearly 2% in recent trade.

BOM:532541NSE:COFORGE
Asia

Coforge Launches Business Unit Focused on Private Equity Sector

Coforge (NSE:COFORGE, BOM:532541) has launched a new business unit focused on the private equity sector.The unit will provide technology, data, governance and execution services to private equity firms and their portfolio companies, powered by Coforge Nuuron, the company's AI operating system and enterprise autonomy platform, according to an Indian bourse filing on Tuesday.

BOM:532541NSE:COFORGE
Asia

Nomura Adjusts Coforge's Price Target to INR1,860 From INR1,740, Keeps at Buy

Coforge (NSE:COFORGE, BOM:532541) has an average rating of overweight and mean price target of 1,811.26 Indian rupees, according to analysts polled by FactSet.

BOM:532541NSE:COFORGE
Asia

Coforge Opens New Library in New Delhi, India Under CSR Program

Indian technology company Coforge (NSE:COFORGE, BOM:532541) opened a new public library in New Delhi, India, on Friday, under its corporate social responsibility initiative, according to a Saturday filing to the Indian stock exchanges.The latest Coforge Public Library in New Delhi is the company's fourth in India after Noida, Gurugram, and Hyderabad.

BOM:532541NSE:COFORGE
Asia

Coforge Allots 12.7 Million Shares Under Cigniti Merger Scheme

Coforge (NSE:COFORGE, BOM:532541) allotted 12.7 million equity shares to eligible shareholders of Cigniti Technologies under the approved amalgamation scheme, according to a Thursday filing on Indian bourses.The shares were issued on June 3, in a 1:1 exchange ratio to Cigniti shareholders of record on May 16, the filing said.Following the allotment, Coforge's paid-up equity share capital increased to 442.7 million equity shares with a face value of 2 rupees each, aggregating to 885.4 million rupees, it added.Coforge shares rose nearly 1% in recent trade.

BOM:532541NSE:COFORGE
Research

Avendus Spark Upgrades Coforge to Add from Sell; Price Target is INR1,340

Coforge (BOM:532541, NSE:COFORGE) has an average rating of overweight and mean price target of 1,639.85 Indian rupees, according to analysts polled by FactSet.

BOM:532541NSE:COFORGE
Asia

Nomura Adjusts Coforge's Price Target to INR2,100 From INR2,000, Keeps at Buy

Coforge (NSE:COFORGE, BOM:532541) has an average rating of overweight and mean price target of 1,658.15 Indian rupees, according to analysts polled by FactSet.

BOM:532541NSE:COFORGE
Asia

Jefferies Adjusts Coforge's Price Target to INR1,860 From INR1,620, Keeps at Buy

Coforge (NSE:COFORGE, BOM:532541) has an average rating of overweight and mean price target of 1,658.15 Indian rupees, according to analysts polled by FactSet.

BOM:532541NSE:COFORGE
Asia

Coforge's Consolidated Profit Jumps in Fiscal Q4

Coforge's (NSE:COFORGE, BOM:532541) consolidated attributable net profit rose sharply to 5.72 billion Indian rupees in the fiscal fourth quarter ended March 31 from 2.95 billion rupees a year ago.Earnings per share climbed to 18.10 rupees from 7.73 rupees a year earlier, the IT services company said in a filing to the Indian stock exchanges on Tuesday. The EPS is higher than the 13.0 rupees estimated by the analysts polled by Visible Alpha.Revenue from operations in fiscal Q4 increased to 44.5 billion rupees from 34.2 billion rupees a year ago. This is marginally higher than Visible Alpha's estimate of 44.4 billion rupees.

BOM:532541NSE:COFORGE
Asia

Coforge Secures All Statutory, Regulatory Clearances for Encora Acquisition

Coforge (NSE:COFORGE, BOM:532541) has received regulatory approvals and statutory clearances in multiplejurisdictions to acquire software company Encora, according to a Monday filing to the Indian stock exchanges.In December 2025, Coforge agreed to acquire Encora for $2.35 billion.Once completed, the merger will create a $2.5 billion entity focused on artificial intelligence-led engineering, data, and cloud services, with the transaction expected to close by the end of April.The detailed work plans and governance structures have been established, and the company is confident in achieving its margin guidance as its cost optimization plan is expected to deliver 20%-25% reduction in general and administration costs for the combined business within the projected timelines.

BOM:532541NSE:COFORGE

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