COFORGE.NS (Coforge, NSE) INR 1706.10 intraday 20 Jan 2026: AI stocks test support

Coforge Limited (COFORGE.NS stock) traded at INR 1706.10 intraday on 20 Jan 2026, down 1.51% as AI-led software names drifted. The move follows a day low of INR 1692.40 and weaker volume at 516274.00 shares versus an average of 1890689.00. Fundamentals show EPS 32.39 and a trailing PE near 53.35, while earnings are scheduled for 22 Jan 2026. We use Meyka AI data and sector context to frame near-term trades, valuation and a model forecast that highlights potential upside and downside scenarios

Intraday price action for COFORGE.NS stock

COFORGE.NS opened at INR 1731.00 and hit a session low of INR 1692.40, settling near INR 1706.10 as of this intraday update. Volume is 516274.00, under the 30-day average of 1890689.00, which signals lighter participation. Short-term momentum reads fragile; traders should watch INR 1690.00 as immediate support and INR 1740.00 as first resistance

COFORGE.NS stock fundamentals and valuation

Coforge Limited on the NSE reports EPS 32.39 and a reported PE of 53.35. Market cap stands at INR 578952230400.00 with shares outstanding 335041800.00. Key ratios show PB 8.39, ROE 15.82% and debt to equity 0.14, indicating low leverage. These metrics place Coforge above the IT sector average PE of 44.87, making valuation a notable headwind for near-term gains

COFORGE.NS stock technical snapshot and trend

Technical indicators show momentum cooling: RSI 41.27, MACD negative and ADX 31.48 indicating a strong trend to the downside. Price sits below the 50-day average INR 1792.73 and just under the 200-day average INR 1728.32, so the 200-day level is near-term resistance. Bollinger bands middle is INR 1741.45, suggesting a compression zone. Traders using technical entries should wait for a clean break above INR 1745.00 or a hold above INR 1690.00

Meyka AI rates COFORGE.NS with a score out of 100 and forecast

Meyka AI rates COFORGE.NS with a score out of 100. The platform gives a score 71.33 (Grade B+, Suggestion: BUY). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects monthly INR 1565.72, quarterly INR 1754.26, and yearly INR 2076.75. Versus the current INR 1706.10, the yearly projection implies an upside of 21.73%, while the monthly model implies a downside of 8.26%. Forecasts are model-based projections and not guarantees. See the Meyka Coforge page for the full model output

Earnings, catalysts and sector context for COFORGE.NS stock

An earnings announcement is scheduled for 22 Jan 2026, a key catalyst for intraday and near-term moves. Coforge’s revenue mix ties to insurance and travel verticals, which react to macro trends. The Nifty IT Index has shown recent rotation, which may pressure mid-cap IT names; see Nifty IT coverage for wider flows source. Positive beat and margin guidance could push COFORGE.NS toward INR 1800.00 quickly

Risks, strategy and trading plan for COFORGE.NS stock

Valuation, slowing momentum and below-average liquidity versus large caps are primary risks. Near-term risk management: use stops under INR 1680.00 for long trades and consider position sizing given average volume INR 1890689.00. For AI stock strategy, we prefer staggered entries on pullbacks or earnings-confirmed breakouts toward INR 1750.00 and above

Final Thoughts

COFORGE.NS stock trades at INR 1706.10 intraday on 20 Jan 2026, with light volume and mixed technicals. Valuation remains elevated with PE 53.35 and PB 8.39, while fundamentals show healthy ROE and low debt. Meyka AI gives a B+ (score 71.33) reflecting solid fundamentals but valuation gaps versus peers. Meyka AI’s forecast model projects INR 2076.75 in 12 months, implying 21.73% upside from current levels, and a monthly downside model of -8.26%. For traders focused on AI stocks, the trade setup is binary: a confirmed earnings beat and margin guidance could trigger a move above INR 1800.00, while a weak report could test the INR 1690.00–INR 1565.72 range. We use these model outputs to set tiered targets—conservative INR 1750.00, base INR 2076.75, bull INR 2551.51—and stress that forecasts are model-based and not guarantees. Meyka AI provides this AI-powered market analysis platform insight to help frame risk and reward, not investment advice

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.