COFORGE slides 3% but Jefferies has a Buy rating
COFORGE stock has fallen 3% today, 12% in a month, and 25% in 2025, yet Jefferies maintains a 'Buy' rating with a Rs 10,100 target, indicating a 32% upside.
The firm highlights COFORGE consistent revenue growth, outperforming peers with a 17% CAGR from FY20-FY23, and expects margin expansion due to easing wage pressures and favorable forex trends. A stock split is also planned.
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