Brokerages upbeat on growth outlook for India's Coforge; shares rise
BUZZ-Brokerages upbeat on growth outlook for India's Coforge; shares rise ** CLSA says Coforge'sCOFO.NS strong order book provides upside to brokerage's FY27 revenue estimates
** Raises PT 6% to 2170 rupees, reiterates "high conviction outperform" rating; retains IT firm as top sector pick
** HSBC expects near mid-teen growth in overall business in FY27-29, among highest in its IT coverage; raises PT ~14% to 2000 rupees, maintains "buy"
** BofA expects revenue synergies from Encora acquisition to become more visible by H2, providing the next stock trigger; raises PT 10% to 1900 rupees, maintains "buy"
** Cites Coforge's strong sales, execution, industry specialization and ability to assimilate acquisitions as key strengths
** COFO up 4.4% to ~6-month high of 1760 rupees, extending gains to 4th straight session
(Reporting by Aleef Jahan in Bengaluru)
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