NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Motilal Oswal has reiterated a ‘Buy' rating on Coforge Ltd., calling it a top pick, and has set a target price of Rs 1,800, implying a potential upside of around 54% from current levels.
The brokerage has increased its estimates by 3-4% to factor in the exit of the India pass-through business (2-3% revenue impact) and the restatement of revenue (hedge impact now excluded from Ebit), while building in a 100-150 bp improvement in margin guidance.
The brokerage continues to view Coforge as a structurally strong mid-tier player, supported by improving margin profile, strong deal wins, and steady demand in AI-led managed services.
Motilal Oswal values Coforge at 26 times FY28E earnings per share with a target price of Rs 1,800, implying a 54% potential upside and reiterates Buy rating on the stock.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
