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UNCOVERED: Coforge - The Untold Story

Coforge shares rise 2% as Nuvama, other brokerages say concerns around Chairman's resignation are overdone

Coforge shares recovered after brokerages retained Buy calls, saying concerns over Chairman Om Prakash Bhatt’s resignation are overdone. Nuvama and Motilal Oswal see limited business impact and remain positive on the company’s growth outlook.

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian markets extended their losing streak for a third day as soaring oil prices and Middle East tensions hurt sentiment. Sensex fell 813 points, Nifty dropped 204 points, and BSE market capitalisation lost over Rs 2 lakh crore amid broad-based selling.

The Economic Times

Coforge shares crash 9% after Chairman Om Prakash Bhatt resigns post audit

Coforge shares fell after Chairperson Om Prakash Bhatt resigned. An internal audit identified concerns regarding the board evaluation process and its presentation. Bhatt stated his resignation was appropriate given the circumstances and disagreements. The company clarified his departure followed audit findings and board discussions. Coforge reported strong financial results in…

The Economic Times

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Coforge shares double from March low, outperform Nifty IT peers. Is more steam left in the rally?

Coforge shares have experienced a remarkable resurgence, doubling since March and leaving its IT competitors behind. The company recently announced impressive growth in net profit and revenue during the first quarter. Analysts anticipate that mid-tier IT firms like Coforge will thrive amid evolving industry dynamics. Both Jefferies and Axis Direct…

The Economic Times

AI reshapes India's IT services sector contracts as clients demand more for less

Industry executives also say they are losing some work entirely as customers use AI to shift tasks in-house, while all the uncertainty that the new technology has brought is resulting in shorter contracts.

The Economic Times

IT stocks extend gains for second day; Coforge, Infosys, Persistent Systems rise up to 3%

IT stocks extended gains for the second straight session, with Coforge and Persistent Systems leading the rally. Infosys, Wipro, TCS and Tech Mahindra also traded higher, lifting the Nifty IT index nearly 2%. The rally was driven by value buying amid a weaker rupee, with Indian IT stocks continuing to…

The Economic Times

Coforge shares jump 3% after IT major launches private equity unit

Coforge shares climbed on Thursdat after the IT services company launched a dedicated Private Equity business unit to help funds drive operational transformation and value creation across portfolio companies. The new vertical will leverage Coforge’s acquisition integration expertise and AI capabilities to support portfolio optimisation, EBITDA growth and technology-led transformation.

The Economic Times

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IT crash ahead? CLSA downgrades TCS, Infosys, Wipro, other stocks; revises target prices. Here's why

CLSA downgraded several large IT stocks and cut their target prices amid continued AI-related concerns, while retaining a bullish view on select mid-tier IT companies. The brokerage said Q1 earnings were mixed across Indian IT and global peers, but expects AI-driven volumes to eventually offset pricing deflation by FY30.

The Economic Times

Lone warriors! How two mid-tier tech stocks rewarded investors in Rs 10 lakh crore IT crash this year

Indian IT stocks have seen significant value erosion this year. However, Coforge and LTM have shown resilience and growth. These companies are performing well due to strong deal wins and AI integration. Analysts see mid-tier firms as more attractive than large caps now. Their performance offers investors a rare stable…

The Economic Times

Dividends & stock splits: Maruti Suzuki, ICICI Bank among nearly 100 stocks turning ex-date this week. Do you own?

Nearly 100 stocks, including Maruti Suzuki, ICICI Bank, Coforge and Vedanta Aluminium, will trade ex-date between August 3 and August 7 for dividends and stock splits. Key corporate actions include Maruti Suzuki’s Rs 140-per-share dividend, Bosch’s Rs 270 payout and stock splits by Tembo Global Industries and JOJO Ltd.

The Economic Times

Kospi’s mammoth 17% surge spells caution for Indian IT stocks. Why TCS, Infosys, others are down up to 5%

Indian IT stocks declined after renewed optimism around global AI and cloud spending after strong earnings from tech giants. Meanwhile, global AI sentiment improved after Microsoft and Amazon reported strong cloud growth, while South Korean chipmakers Samsung and SK Hynix rallied sharply on robust results.

The Economic Times

Coforge shares rally 5% after strong Q1 earnings; net profit surges 63% YoY

Coforge shares surged after the IT services firm reported strong Q1 FY27 results. Net profit jumped 63% YoY, while revenue from operations rose 49% YoY to ₹5,527.7 crore, marking a 24% QoQ growth. The strong performance boosted investor sentiment toward the stock.

The Economic Times

IT stocks on a roll: TCS, Infosys, Coforge and others rally up to 5% for second straight day. What's driving this surge?

Indian IT stocks rallied for a second straight session, buoyed by strong Q1 earnings, optimism around AI-driven demand and improving investor sentiment. Jefferies turned neutral on the sector, citing positive FPI feedback and potential tactical upside after a sharp correction. The rally came despite a global tech selloff, with investors…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Wednesday

Indian equities ended lower on Tuesday as Sensex and Nifty erased early gains after a sharp rally. Analysts cited cautious sentiment ahead of global central bank meetings, while IT stocks outperformed and Nifty remained range-bound near key technical levels.

The Economic Times

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The Economic Times

Coforge Q1 Results: Profit soars 63% to Rs 519 crore driven by Encora acquisition, AI-led services demand

Coforge reported a remarkable 63.3 percent increase in profits for the June quarter, driven by the recent acquisition of Encora and a surge in demand for artificial intelligence solutions. Additionally, revenue soared by 49.2 percent, reaching an impressive Rs 5,527.7 crore. The company has also secured new orders amounting to…

The Economic Times

TCS, Infosys, Coforge, other IT stocks rally up to 10% after Nvidia-led chip rout. Is AI trade ending?

Indian IT stocks rallied on Tuesday, with TCS, Infosys, HCL Tech, Wipro, Coforge and Tech Mahindra gaining despite a global sell-off in AI-linked stocks. Investors tracked the sharp decline in Nvidia, Micron, SanDisk, SK Hynix and Samsung shares for clues on AI sector sentiment.

The Economic Times

Coforge shares surge 7% after Q1 profit spikes 63% YoY

Coforge shares jumped after the IT services company posted a strong Q1 FY27 performance, with net profit rising 63% year-on-year and revenue surging 49% on the back of robust demand, new deal wins, and momentum in AI, cloud, and data services.

The Economic Times

Q1 Results today: Coal India, Tata Power, BEL, Coforge, among 68 companies to announce earnings

The Q1 FY27 earnings season gathers pace on Monday, with 68 companies set to announce their April-June quarter results. Key names on the radar include Coal India, Tata Power, Bharat Electronics, Godfrey Phillips, Coforge and Canara Bank. Investors will also track earnings from Indus Towers, Tata Chemicals, HUDCO, Happiest Minds…

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The Economic Times

Coforge secures over $230 million AI transformation contract

Coforge announced a significant five-year contract valued over $230 million. This AI-led transformation engagement is with a major European client. The deal aims to modernize business operations using AI and automation. Coforge shares saw a positive response after this major contract announcement. The company continues to scale its large deal…

The Economic Times

TCS, Infosys, Wipro & other IT stocks fall more than 2%. Here's why

Indian IT stocks such as TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge declined up to 2.5% after IBM plunged 25% in its steepest-ever one-day fall on weak preliminary quarterly results. The negative sentiment spilled over to US-listed Indian IT firms, with Infosys and Wipro ADRs falling up…

The Economic Times

The Q1 verdict: Can TCS, Infosys, other IT results stop a Rs 17 lakh crore AI-led rout?

India's top IT firms like TCS and Infosys face a crucial earnings season after a massive Rs 17 lakh crore market value erosion. Analysts anticipate muted results and weak future guidance, citing client spending slowdowns, pricing pressures, and the disruptive impact of AI. Investors are keenly watching if current valuations…

The Economic Times

Infosys, TCS and other IT stocks jump up to 5% on dip buying. Is the worst over?

IT stocks rebounded sharply on Thursday, with the Nifty IT index surging nearly 4% after a four-session slide that pushed it to a 52-week low. Coforge led gains with a 5% jump, while Infosys, Mphasis, HCL Tech and Persistent Systems rose around 4%. The recovery lifted sentiment after the sector…

The Economic Times

Persistent's Nagarro deal faces near-term doubts, but long-term story stays strong: Piyush Pandey

Persistent Systems' acquisition of Nagarro triggered an 11% stock drop, with investors worried about integration and margins. However, market expert Piyush Pandey believes this is an overreaction. The deal offers significant long-term strategic benefits, including expanded vertical access and a stronger European presence, positioning Persistent for larger global deals. While…

The Economic Times

Infosys, HCL Tech, Coforge, other IT stocks rise up to 3% a day after a massive crash. What lies ahead?

IT stocks rebounded after a sharp sell-off triggered by Accenture’s guidance cut, with gains led by Coforge and Tech Mahindra. Analysts see valuations turning attractive but caution that volatility may persist. Technical indicators remain weak, with key support and resistance levels suggesting markets need stabilisation before any sustained recovery.

The Economic Times

Explained: Why Accenture's warning sparked a Rs 1.35 lakh crore meltdown for TCS, Infosys, other IT stocks

Indian IT majors faced a brutal sell-off, losing Rs 1.35 lakh crore after Accenture's revenue guidance cut. Structural fears around AI replacing traditional services and geopolitical headwinds are deepening the sector's pain. Analysts anticipate further moderation and a shift towards M&A and new client acquisition to counter slowing growth.

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