{
Coforge Ltd.

Companies

}
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001122334455554433221100

ubs downgrades indian it sector target price but sees potential upside

UBS has downgraded the target price for Indian IT companies due to company-specific issues affecting revenue growth, yet believes the recent market correction is overdone, indicating more upside potential. Despite concerns over a US growth slowdown, the Nifty IT index rose 2.30%, with major IT stocks like L&T Technology Services and Tata Consultancy Services seeing gains of 2-3%. The sector is currently trading at a 5% discount to its five-year average, suggesting a near-term rebound may be on the horizon.
NDTV Profit
United States Dollar Infosys Ltd Wipro Ltd L&T Technology Services Ltd. Persistent Systems Limited HCL Technologies Limited Coforge Ltd. Mindtree Ltd. Tech Mahindra Limited Mphasis Limited Tata Consultancy Services Limited IND Show more
Finance & Economy, Market Report
02:18 25.03.2025

Coforge and IndiGo join Morgan Stanley's focus list replacing Infosys and M&M

Coforge Ltd. and InterGlobe Aviation Ltd. have been added to Morgan Stanley's 'focus list', replacing Infosys Ltd. and Mahindra & Mahindra Ltd. Analysts highlight Coforge's strong growth potential, driven by effective management and significant deal momentum, despite its year-to-date underperformance. With a 30% valuation premium over larger peers, Morgan Stanley anticipates this gap will widen as growth accelerates.
NDTV Profit
Tata Consultancy Services Limited Mahindra & Mahindra Ltd Coforge Ltd. Infosys Ltd InterGlobe Aviation Limited IND Ridham Desai Show more
Business & Industry, Market Report
01:45 17.03.2025

Coforge completes Cigniti acquisition increasing stake to 32.68 percent

Coforge has successfully completed its open offer for an additional 4.69% stake in Cigniti Technologies, increasing its total ownership to 32.68%. This acquisition is projected to boost Coforge"s North America revenue by approximately 33%. The open offer saw 12,81,239 equity shares tendered by public shareholders.
Moneycontrol
United States Dollar Coforge Ltd. CIGNITI TECHNOLOGIES LTD. IND
Finance & Economy, Market Report
09:52 20.11.2024

Sensex and Nifty Decline Amid IT Stock Selloff and Rate Cut Concerns

Dalal Street faced a bearish trend as benchmark indices Sensex and Nifty fell due to persistent foreign fund outflows and selling pressure in IT stocks. Remarks from US Federal Reserve Chairman Jerome Powell regarding a cautious approach to rate cuts further dampened market sentiment, with the Nifty down 0.69% and over 10% from September's all-time highs. Additionally, Citi's downgrade of Indian equities, driven by concerns over weakening earnings momentum, has negatively impacted investor confidence.
Moneycontrol
United States Dollar Coforge Ltd. Persistent Systems Limited IND Jerome Powell
Finance & Economy, Market Report
07:21 18.11.2024
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