COFORGE - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.5
| Stock Code | COFORGE | Market Cap | 54,238 Cr. | Current Price | 1,614 ₹ | High / Low | 1,994 ₹ |
| Stock P/E | 74.6 | Book Value | 179 ₹ | Dividend Yield | 0.94 % | ROCE | 13.9 % |
| ROE | 11.3 % | Face Value | 2.00 ₹ | DMA 50 | 1,722 ₹ | DMA 200 | 1,711 ₹ |
| Chg in FII Hold | 0.44 % | Chg in DII Hold | -1.20 % | PAT Qtr | 133 Cr. | PAT Prev Qtr | 332 Cr. |
| RSI | 39.9 | MACD | -22.6 | Volume | 48,83,045 | Avg Vol 1Wk | 18,36,600 |
| Low price | 1,191 ₹ | High price | 1,994 ₹ | PEG Ratio | -10.2 | Debt to equity | 0.08 |
| 52w Index | 52.7 % | Qtr Profit Var | 25.5 % | EPS | 20.3 ₹ | Industry PE | 24.8 |
📊 Analysis: COFORGE shows weak-to-cautious signals for intraday trading. RSI at 39.9 indicates oversold conditions, while MACD at -22.6 confirms bearish momentum. Current price (1,614 ₹) is below both 50 DMA (1,722 ₹) and 200 DMA (1,711 ₹), reflecting short-term weakness. Volume (48.8 lakh) is significantly higher than the weekly average (18.3 lakh), suggesting strong intraday participation despite weak technicals.
💰 Optimal Buy Price: Around 1,605–1,620 ₹ (near current levels with support from 1,600 ₹).
📈 Profit-Taking Exit Levels: 1,640–1,660 ₹ (short-term resistance zone).
📉 Stop-Loss / Loss Protection: 1,590 ₹ (below intraday support).
⏱️ If Already Holding: Consider exiting if price fails to sustain above 1,614 ₹ or if MACD continues bearish. If momentum improves with volume support, ride till 1,640–1,660 ₹ before booking profits.
Positive
- Strong institutional activity with FII holdings increasing (+0.44%).
- Debt-to-equity ratio at 0.08 shows near debt-free balance sheet.
- Volume significantly higher than weekly average, indicating strong intraday participation.
- EPS of 20.3 ₹ supports valuation strength.
Limitation
- Price trading below both 50 DMA and 200 DMA indicates bearish trend.
- MACD strongly negative (-22.6) signals short-term weakness.
- High P/E ratio of 74.6 compared to industry PE of 24.8 suggests overvaluation.
- Quarterly PAT declined sharply (133 Cr. vs 332 Cr.), showing earnings pressure.
- PEG ratio at -10.2 indicates poor growth valuation metrics.
Company Negative News
- No major external negative news reported, but sharp profit decline raises concerns.
Company Positive News
- Quarterly profit variation of 25.5% highlights resilience despite earnings decline.
- FII inflows reflect some investor confidence.
Industry
- Industry PE at 24.8 vs stock PE at 74.6 indicates premium valuation.
- IT services sector remains supported by global digital transformation demand, though margins are under pressure.
Conclusion
⚡ COFORGE is a cautious candidate for intraday trading today. Buy near 1,605–1,620 ₹ with profit targets at 1,640–1,660 ₹ and stop-loss at 1,590 ₹. If already holding, monitor RSI and MACD closely and exit near resistance levels. Strong volume and debt-free status support the stock, but weak technicals and sharp profit decline limit upside potential.