India's Coforge set for best week in 5 years on upbeat forecast

Coforge

08/05/2026 09:34

** IT company Coforge's shares COFO.NS rises 6% to 1,360 rupees; IT index .NIFTYIT up 0.9%

** COFO up 14.4% this week, on course for best showing in five years; up 16.3% since results

** COFO expects EBITDA growth of over 20.5% on a consolidated basis in FY27; bigger peers forecast subdued growth

** Strong deal wins and growth in executable order book provide visibility for double-digit organic growth - Jefferies

** CLSA says risks from COFO partner Sabre's Middle East exposure largely manageable

** Sees COFO as AI beneficiary due to ability to quickly repivot business model to AI agent-based delivery

** Avg rating of 32 analysts is "buy"; median PT of 1,831.50 rupees - LSEG data

** YTD, COFO down 18.2% vs 22.6% drop in .NIFTYIT

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))