COFORGE - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.2
| Stock Code | COFORGE | Market Cap | 36,678 Cr. | Current Price | 1,092 ₹ | High / Low | 1,994 ₹ |
| Stock P/E | 50.5 | Book Value | 179 ₹ | Dividend Yield | 1.39 % | ROCE | 13.9 % |
| ROE | 11.3 % | Face Value | 2.00 ₹ | DMA 50 | 1,372 ₹ | DMA 200 | 1,593 ₹ |
| Chg in FII Hold | 0.44 % | Chg in DII Hold | -1.20 % | PAT Qtr | 133 Cr. | PAT Prev Qtr | 332 Cr. |
| RSI | 26.6 | MACD | -99.8 | Volume | 27,21,187 | Avg Vol 1Wk | 45,75,474 |
| Low price | 1,008 ₹ | High price | 1,994 ₹ | PEG Ratio | -6.87 | Debt to equity | 0.08 |
| 52w Index | 8.54 % | Qtr Profit Var | 25.5 % | EPS | 20.3 ₹ | Industry PE | 20.8 |
📊 Analysis: COFORGE shows weak to moderate intraday potential today. Current price (1,092 ₹) is trading well below both DMA 50 (1,372 ₹) and DMA 200 (1,593 ₹), reflecting strong bearish sentiment. RSI at 26.6 indicates oversold conditions, which could trigger a short-term bounce. MACD (-99.8) confirms heavy bearish momentum. Volume (27.2 Lakh) is lower than the weekly average (45.7 Lakh), suggesting reduced participation. Fundamentals remain pressured with declining profits and high valuation multiples.
💰 Optimal Buy Price: 1,080–1,100 ₹ if price consolidates near support.
📈 Profit Exit Levels: 1,130 ₹ (short-term resistance), 1,160–1,180 ₹ (nearer to DMA zone).
📉 Stop-Loss: 1,060 ₹ to protect against downside risk.
⏱️ If Already Holding: Consider exiting intraday if price fails to sustain above 1,100 ₹ or if momentum indicators remain weak. Profit booking near 1,130–1,180 ₹ is advisable, while a break below 1,060 ₹ should trigger a stop-loss exit.
Positive
- EPS of 20.3 ₹ provides earnings visibility.
- ROCE of 13.9% and ROE of 11.3% reflect moderate returns.
- Debt-to-equity ratio of 0.08 shows low leverage risk.
- FII holdings increased (+0.44%), showing foreign investor confidence.
Limitation
- High P/E of 50.5 compared to industry PE (20.8) suggests overvaluation.
- PEG ratio of -6.87 indicates poor growth-adjusted valuation.
- Quarterly PAT declined sharply (133 Cr vs 332 Cr), showing earnings pressure.
- Price trading below DMA levels signals bearish sentiment.
- Volume weaker than average reduces intraday momentum.
Company Negative News
- No major external negative news reported, but profit decline and reduced DII holdings (-1.20%) weigh on sentiment.
Company Positive News
- Low debt levels provide financial stability.
- FII inflows highlight foreign confidence despite weak earnings.
Industry
- Industry PE at 20.8 vs stock PE of 50.5 highlights premium valuation.
- IT services sector faces margin pressures but benefits from global digital transformation demand.
Conclusion
⚖️ COFORGE is a weak intraday candidate due to bearish technicals and earnings decline, though oversold RSI may offer a short-term bounce. Traders may attempt cautious entries near 1,080–1,100 ₹ with exits around 1,130–1,180 ₹, while maintaining a strict stop-loss at 1,060 ₹ to manage risk.