Coforge CEO Sudhir Singh says Advent International's board entry and the Encora acquisition will open new growth channels as deal momentum and AI-led demand stay strong
After a modest recovery in Q2 on low expectations, Motilal Oswal expects December quarter (Q3) to revert to typical seasonal softness, with furloughs weighing on growth across large IT services firms.
Antique expects near-term moderation in technology spending in the US, given subdued consumer confidence and cautious end-demand trends
Brokerages see the acquisition as aligned with Coforge's stated ambition to shift more deeply into higher-value, AI-driven engineering services
Stocks to watch today: Traders will keep an eye on share prices of Coforge, Tech Mahindra, Lenskart Solutions, Sigachi Industries, Timex Group, Ola Electric, Ceigall India, Llyods on Monday
All-stock deal is the biggest acquisition by an Indian IT firm in ER&D space
The acquisition will be funded through a preferential issue of equity shares worth about $1.89 billion, following which Encora's shareholders are expected to own around 20% of Coforge's share capital
A federal judge, on Tuesday, said the Trump administration can move ahead with a $100,000 fee on new H-1B visa applications
The brokerage's analysis of its universe of stocks revealed that after a prolonged period of earnings cuts, companies are beginning to report earnings upgrades.
Nomura said it prefers Infosys and Cognizant among large-cap IT services firms, Coforge in mid-caps and eClerx in small-caps.
Its top ideas to play the next AI wave are HCLTech and Tech Mahindra in largecaps and Hexaware and Coforge in the midcap space
Nomura, which termed Coforge its "top pick in the mid-cap India IT services sector," said the company is banking on a solution-led sales strategy to maintain its growth trajectory.
IMFA, LTIMindtree and Coforge among breakout buys recommended by Kunal Kamble of Bonanza on strong momentum and volume signals
In the past one month, TCS, Infosys, Tech Mahindra, HCL Technologies, LTIMindtree, Persistent Systems and L&T Technology Services have rallied between 9 per cent and 15 per cent.
Valuations across the sector remain attractive, but Nomura stays selective. It has rolled forward its valuation framework to H1FY28 while maintaining target multiples.
Analysts attributed the up move to a pullback rally after sharp declines in past sessions. The index is currently 22.72% below its 52-week high of 46,088.90 and is down about 14.8% so far this year.
Stocks to buy: Ajit Mishra of Religare Broking recommends buying Bank of Baroda, Coforge, and Sun Pharma; also suggests Nifty trading strategy
Since September 30, the Nifty IT index has outperformed the market by surging 6.4 pee cent as compared to a 4-per cent rise in the Nifty 50 index
Among the companies trading ex-dividend on Friday, Coforge has declared an interim dividend of ₹4 per share, with the record date set for the same day
HDFC Bank (HDFCB) reported a steady Q2FY26, with profit rising 11 per cent Y-o-Y to ₹186.4 billion, aided by healthy NII of ₹315.5 billion and strong treasury gains of ₹23.9 billion