Coforge slips 3% even as Jefferies, Nomura and others raise targets after Q2 earnings
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
Coforge shares fell despite strong Q2 results and brokerages raising target prices. Net profit surged 56.5% year-on-year to Rs 588.1 crore, while revenue jumped 54% to Rs 6,170.8 crore. EBITDA rose 67% to Rs 1,269.7 crore, with margins expanding 168 basis points to 20.6%. The…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe stock fell despite strong results and higher target prices, a sign that fundamentals and price action diverged.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Net profit surged 56.5% year-on-year to Rs 588.1 crore.
- 02Revenue jumped 54% to Rs 6,170.8 crore, while EBITDA rose 67%.
- 03The company raised its FY27 EBIT margin guidance to 16%.
- 04The 12-month order book grew 45% to $2.38 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets