COFORGE.NS INR 1,642.00 on 06 Jan 2026 Market Closed: AI demand vs oversold signals

The COFORGE.NS stock closed at INR 1,642.00 on 06 Jan 2026 on the NSE, down INR 8.30 or -0.50% for the day. The move followed a modest volume of 1,643,132 shares as the stock trades below its 50-day average of INR 1,813.26 but above the 200-day average of INR 1,713.36. Investors focused on AI services revenue and an upcoming earnings release on 22 Jan 2026. We examine fundamentals, technicals, sector context, and our model forecast for COFORGE.NS stock to frame near-term trade and investment choices.

COFORGE.NS stock: Market snapshot and price action

COFORGE.NS stock finished the session at INR 1,642.00, with a day low of INR 1,630.00 and a day high of INR 1,661.10. The previous close was INR 1,650.30, and intraday volume was 1,643,132 versus an average volume of 1,819,401. Year high stands at INR 1,994.00 and year low at INR 1,194.01. The stock trades on the NSE in India and shows a one-year gain of 11.01%, reflecting past momentum into AI and digital services.

Fundamentals and valuation for COFORGE.NS stock

Coforge Limited (COFORGE.NS) reports EPS INR 32.51 and a reported PE of 50.51 on the latest quote. Market capitalization is INR 549701947342.00 with 334,775,851 shares outstanding. Key ratios show PB ~8.03, ROE 15.82%, and net profit margin 8.12%. These figures signal premium valuation versus many large peers, driven by higher margins and AI-led services. Revenue per share stands at INR 430.44, and book value per share is INR 266.66, supporting the current multiple but leaving limited margin for valuation disappointment.

Technical indicators and short-term trading signals for COFORGE.NS stock

Momentum indicators show COFORGE.NS stock is near short-term oversold territory. The RSI reads 29.49, MFI is 14.16, and MACD histogram is negative at -20.73. Bollinger Bands sit at Upper 1975.93, Middle 1781.42, Lower 1586.90. The stock sits below the 50-day mean, supporting the short-term weakness. ADX at 32.13 implies a strong directional move is in place. Traders should treat pullbacks as possible re-entry points, while watch lists should include confirmation of volume pickup above avgVolume 1,819,401.

AI services outlook and sector comparison for COFORGE.NS stock

Coforge offers AI, predictive analytics, RPA, and cloud services to insurance, BFSI, travel, and healthcare clients. The Technology sector average PE is 46.01, and Coforge trades slightly above at 50.51, reflecting its AI revenue mix. Sector performance shows a 6M gain of 16.07% and YTD of -12.00%, signaling rotation and profit-taking. AI-related contract wins and migration to cloud services remain primary growth drivers, while client concentration and pricing pressure represent active risks to growth forecasts.

Meyka grade and model forecasts for COFORGE.NS stock

Meyka AI rates COFORGE.NS with a score of 60.99 out of 100 (Grade B, HOLD). 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 1,410.75, Quarterly: INR 1,909.01, and Yearly: INR 2,013.33. Versus the current price of INR 1,642.00, the model implies a Monthly downside of -14.09%, a Quarterly upside of +16.26%, and a Yearly upside of +22.61%. Forecasts are model-based projections and not guarantees. For full methods and assumptions see our internal model page Meyka AI COFORGE page.

Risks, catalysts and near-term events for COFORGE.NS stock

Key catalyst: earnings announcement on 22 Jan 2026 may reset guidance and margins. Volume and deal pipeline commentary around AI contracts can swing sentiment. Risk factors include margin compression, slower digital spending by key clients, and higher-than-expected attrition. Technical risk includes a breakdown below the Bollinger lower band INR 1,586.90. Watch analyst notes, contract renewals, and macro IT spending trends for directional clarity. Newsflow sources include market reports and futures tracking Investing.com and sector coverage on Yahoo Finance.

Final Thoughts

COFORGE.NS stock closed at INR 1,642.00 on the NSE on 06 Jan 2026, trading with light volume and clear short-term weakness. Fundamentals show solid margins, EPS INR 32.51, and low leverage, but valuations at PE 50.51 price in strong growth. Technicals read oversold with RSI 29.49, creating a tactical buying window for traders who accept volatility. Meyka AI’s forecast model projects a Yearly target of INR 2,013.33, implying ~22.61% upside from today, while the Monthly model at INR 1,410.75 suggests a possible near-term pullback of -14.09%. Our Meyka grade is 60.99/100 (B, HOLD) reflecting balanced risk-reward versus peers. Prepare for the 22 Jan 2026 earnings release; positive AI contract commentary could validate the higher forecast, while weak guidance could push price below the 200-day average. Forecasts are model-based projections and not guarantees. Meyka AI provides these data-driven insights as an AI-powered market analysis platform to help frame decisions, not as investment advice.

FAQs

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.