Coforge Q2 Review: Brokerages Raise Targets As Record Deals Lift Margin Outlook
Jefferies, Kotak Securities and JPMorgan rate stocks including Coforge.
· NDTV Profit
Coforge's revenue missed expectations, but record deal wins and higher margin guidance supported a positive response from most brokerages. Jefferies, Kotak Securities and JPMorgan raised their target prices, while Citi retained Sell, flagging weak organic growth and order book trends.
The analysis
This is an Order book / contract win event. Order inflow is the only forward-looking number most capital-goods and infrastructure companies disclose. What matters is execution pace and margin on the book, not the headline value. On the day the stock is +4.2%, so the tape moved decisively on this.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- Brokerage calls from Jefferies, Kotak Securities, JPMorgan and Citi, with ratings on the stocks named. The stocks: Coforge.
- Over three months: Coforge +17.1% against IT -3.1% (20.2 points ahead).
- Trading well above normal today: Coforge at 2.3 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| CoforgeCOFORGE · IT | ₹2,045.00 | +4.2% | +16.9% | +17.1% | 0.0% | 2.3× | — |
IT
1M +5.2% · 3M -3.1%
Coforge
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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