India's Coforge rises after CLSA starts coverage with 'outperform'

Coforge

30/09/2025 04:59

** Shares of Coforge COFO.NS rise 1% to 1,568 rupees

** CLSA initiates coverage with "outperform" rating, sets PT at 2,346 rupees, implying 51.1% upside from last close

** Broker cites stellar execution and a solutioning-led sales approach under CEO Sudhir Singh

** Expects revenue/EBIT/EPS CAGRs of 15%/16%/22% CAGR over FY26–FY28

** Highlights co's focus on large clients, verticals, tech partners, and acquisitions as key growth drivers

** COFO rated "buy" by 32 analysts on average; median target price is 1,960 rupees – data compiled by LSEG

** Stock down 18.9% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))