November 03, 2025 to December 03, 2025 (30 days) News Period
Total Articles Found: 29
Search Period: November 03, 2025 to December 03, 2025 (30 days)
Last Updated: December 03, 2025 at 11:30 PM
News Review for coforge
Coforge News Review
Executive Summary
Coforge emerged as a standout performer in the Indian IT services sector during Q2FY26, achieving a 10 basis points year-over-year market share gain while larger competitors like TCS lost ground, and recording the highest growth among Tier-II IT companies at 4.5% USD quarter-over-quarter (The Hindu Business Line, Economic Times). The company gained recognition from multiple investment firms, with Morgan Stanley selecting it as the sole technology company in its 10-stock focus portfolio for India's anticipated 2026 recovery (Economic Times), while Motilal Oswal, Axis Securities, and SBI Securities included Coforge in their preferred IT services picks, citing its positioning for AI adoption and strength in high-growth verticals (Economic Times, Economic Times). The company's stock gained up to 31% since October as part of the broader IT sector recovery, though it trades at premium valuations of 30-35 times earnings, with analysts projecting EPS growth from 44.7 in FY26 to 74.3 in FY28 (Economic Times, Economic Times).
Key Developments
Financial Performance: Coforge delivered the strongest quarterly performance among mid-cap IT companies with 4.5% USD quarter-over-quarter growth in Q2FY26, outpacing both Tier-1 competitors and other mid-cap peers like Persistent Systems (Economic Times).
Market Share Gains: The company achieved a 10 basis points year-over-year market share increase in Q2FY26, positioning itself among the few India-based IT services firms to expand market presence while larger competitors like TCS lost 65 basis points (The Hindu Business Line).
Stock Performance: Coforge shares gained up to 31% since October as part of the IT sector recovery, with the stock trading at Rs 1,800 and maintaining a market capitalization of Rs 60,000 crore (Economic Times, Economic Times).
Market Recognition: Coforge was listed among 18 key players in the AI orchestration market, which is projected to grow from $11.02 billion in 2025 to $30.23 billion by 2030, alongside major technology vendors including IBM, AWS, Microsoft, and SAP (Globe Newswire).
Market Context
Coforge's performance occurred against a challenging backdrop for Indian IT services, where the sector faced a 30% decline in effort-based billing and structural headwinds affecting traditional revenue models. While the top six Indian IT firms saw overall market share decline as transformation budgets moved to global players like Accenture and EPAM, Coforge bucked this trend by gaining market share annually. The company benefited from the broader IT sector recovery that began in October, driven by Federal Reserve rate cut expectations and a shift in investor sentiment away from AI-heavy investments toward traditional IT services companies. The sector is positioned for potential AI services inflection by mid-2026, with stable deal pipelines and improving technology budgets expected in FY26.
Notable Quotes
Sandip Agarwal, Sowilo Investment Managers: "while companies like Persistent and Coforge showed strength, the valuations they command—30–35 times earnings—leave little room for error, especially when falling effort levels are yet to fully play out in reported numbers" (Economic Times).
Sunny Agrawal, Market Strategist, SBI Cap Securities: "companies like LTTS, Coforge, or for that matter Tata Tech or KPIT which are working on niche technology on the auto side, those are the companies which can see upgrade in terms of growth outlook and those companies should be on radar if somebody wants to add it as the pack in in their portfolio" (Economic Times).
Sudeep Shah, Vice President and Head of Technical & Derivatives Research at SBI Securities: "Technically, several stocks are showing strong setups and look promising in the near term. Among them, Laurus Labs, LTIMindtree, Mahindra & Mahindra, Paytm (One 97 Communications), 360 ONE WAM, Adani Ports & SEZ, Cummins India, Escorts Kubota, Cholamandalam Investment & Finance (CHOLAFIN), Coforge, and Housing & Urban Development Corporation (HUDCO) stand out with favourable chart structures and momentum indicators pointing towards potential upside" (Economic Times).
Strategic Implications
Coforge's strong Q2 performance and market share gains position the company
Individual Articles
Article 1: Sequential market share gains mask deeper yearly slide for Indian IT
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Summary
Coforge achieved a 10 basis points year-over-year market share gain in Q2FY26, distinguishing itself among the few India-based IT services firms to expand market presence while larger competitors like TCS lost ground. This performance positions Coforge favorably in a market where transformation budgets are increasingly moving to global players like Accenture and EPAM, demonstrating the company's ability to win client trust and compete effectively for new business opportunities despite broader industry headwinds affecting Indian IT majors.
Article 2: Nifty set for fresh uptrend, says Motilal Oswal. Here are 4 catalysts, 25 stocks to buy
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Summary
Coforge has been included in Motilal Oswal Financial Services' recommended midcap-smallcap investment picks as part of the brokerage's expectation of a market uptrend driven by improving corporate earnings. The inclusion comes as MOFSL raised Indian IT services to mild overweight in its model portfolio, indicating a positive sector outlook that benefits Coforge as an IT services provider. However, the article provides no specific details about Coforge's business operations, financial performance, or strategic developments.
Article 3: F&O Talk| Nifty hits record high, but rally remains selective: Sudeep Shah explains what lies ahead
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Summary
Coforge received positive mention from SBI Securities analyst Sudeep Shah, who identified the company among stocks with strong technical setups and favorable momentum indicators pointing toward potential upside. The recommendation comes as the IT sector shows bullish patterns across multiple timeframes, with Shah noting that IT is among sectors expected to maintain leadership positions in the near term. This third-party analyst validation positions Coforge favorably within a select group of technically strong stocks, potentially supporting investor confidence and stock performance momentum.
Executive Insights
Sudeep Shah, Vice President and Head of Technical & Derivatives Research at SBI Securities
"Technically, several stocks are showing strong setups and look promising in the near term. Among them, Laurus Labs, LTIMindtree, Mahindra & Mahindra, Paytm (One 97 Communications), 360 ONE WAM, Adani Ports & SEZ, Cummins India, Escorts Kubota, Cholamandalam Investment & Finance (CHOLAFIN), Coforge, and Housing & Urban Development Corporation (HUDCO) stand out with favourable chart structures and momentum indicators pointing towards potential upside."
Context: Discussing stock recommendations based on technical analysis
Significance: Third-party analyst validation of Coforge's technical strength and potential for upward movement
Article 4: India's ‘AI losers’ just made investors richer by Rs 2.6 lakh crore & nobody saw the boom coming
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Summary
Coforge emerged as the top performer among mid-cap IT companies with 4.5% USD quarter-over-quarter growth in Q2FY26, outpacing both larger Tier-1 competitors and other Tier-II peers like Persistent Systems. The company's strong performance contributed to the broader Indian IT sector recovery, with stocks gaining up to 31% since October as investors anticipate an AI services inflection point by mid-2026. This positions Coforge favorably within the competitive landscape as the sector transitions from AI infrastructure buildout to applications and services development.
Article 5: Infosys, Tech Mahindra, HCL Tech, TCS shares rise up to 3%. Here’s why
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Summary
Motilal Oswal identified Coforge as one of its preferred mid-tier IT services plays for the next phase of AI adoption, alongside Hexaware, while recommending HCLTech and Tech Mahindra in the large-cap segment. This endorsement comes amid broader IT sector optimism driven by Federal Reserve rate cut expectations and analyst projections for gradual recovery with early improvement signs expected in the second half of FY27 and fuller uptick in FY28 as enterprises move into large-scale AI deployment.
Article 6: 35 stocks to buy from 11 sectors: All high conviction picks from Axis Securities put together after Q2
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Summary
Axis Securities named Coforge among its top three IT services stock picks for FY26, alongside LTIMindtree and Persistent Systems, in a selective list of 35 high-conviction investments across 11 sectors. The brokerage cited stable deal pipelines and improving technology budgets as drivers for the IT services sector, while highlighting Coforge's strong exposure to digital, cloud and BFSI clients as key differentiators. This recognition positions Coforge favorably in the competitive landscape and indicates market confidence in the company's business prospects and strategic focus on digital transformation services.
Article 7: AI Orchestration Global Forecast Report 2025: Market to Reach $30.23 Billion by 2030, Driven by Demand for Unified Governance, Compliance Frameworks, and Audit-Ready Automation Layers
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Summary
Coforge received market recognition by being listed among 18 key players in the AI orchestration market, which research firm projects will grow from $11.02 billion in 2025 to $30.23 billion by 2030 at a 22.3% CAGR. The company appears alongside major technology vendors including IBM, AWS, Microsoft, and SAP in delivering AI orchestration software and services across regions, though the report provides no specific details about Coforge's offerings, capabilities, or market positioning within this rapidly expanding sector driven by enterprise demand for unified governance and compliance frameworks.
Article 8: Nifty hovers over 26,000 mark, Sensex above 85,500; Maruti, M&M lead gainers
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Summary
Coforge shares declined 2-3% during November 21, 2025 trading as part of broader market weakness that affected most equity indices. The IT services company was among the notable losers in the midcap index amid weak market sentiment driven by unclear US Federal Reserve rate cut signals and global headwinds, with the decline appearing to be market-driven rather than company-specific.
Article 9: Chalet Hotels, Lemon Tree emerge as top picks in hotel sector: Sunny Agrawal
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Summary
Market strategist Sunny Agrawal from SBI Cap Securities identified Coforge as a top IT stock pick, citing the company's focus on niche automotive technology and engineering R&D services. The recommendation comes as the IT sector shows recovery signs after four quarters of underperformance, with potential benefits from an India-US trade deal that could lead to upgraded growth outlooks for FY27. Coforge was grouped with other specialized technology companies like LTTS, Tata Tech, and KPIT as firms positioned to benefit from improved sector sentiment and under-ownership creating upside potential.
Executive Insights
Sunny Agrawal, Market Strategist, SBI Cap Securities
"companies like LTTS, Coforge, or for that matter Tata Tech or KPIT which are working on niche technology on the auto side, those are the companies which can see upgrade in terms of growth outlook and those companies should be on radar if somebody wants to add it as the pack in in their portfolio"
Context: Discussing IT companies positioned to benefit from potential India-US trade deal
Significance: Analyst specifically identifies Coforge as a company with potential for growth outlook upgrades
Article 10: No growth trigger ahead: Sandip Agarwal flags valuation risks in IT
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Summary
Coforge emerged as one of the companies showing strength in Q2 earnings according to investment analyst Sandip Agarwal, though it trades at premium valuations of 30-35 times earnings that leave little room for error. The company faces industry-wide challenges including a 30% decline in effort-based billing and structural headwinds affecting the traditional IT services model, with mid-cap companies like Coforge expected to achieve 10-12% growth in an environment where high PEG ratios of 3-5 are difficult to justify without clear growth triggers.
Executive Insights
Sandip Agarwal, Sowilo Investment Managers
"while companies like Persistent and Coforge showed strength, the valuations they command—30–35 times earnings—leave little room for error, especially when falling effort levels are yet to fully play out in reported numbers"
Context: Discussing Q2 earnings performance and valuation concerns
Significance: Highlights Coforge's strong performance while questioning sustainability of current valuation levels
Article 11: Five Stocks To Buy: Coforge, TCS, Ramky Infrastructure, Punjab National Bank, BSE
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Summary
Coforge received a buy recommendation from Angel One analyst Rajesh Bhosale with a target price of Rs 1,950, representing 5% upside potential and a stop loss at Rs 1,800. The recommendation comes amid broader market optimism with indices expected to extend gains, though the article provides no specific information about Coforge's business operations, financial performance, or strategic developments in the IDP industry.
Article 12: Equities rebound as IT and PSU banks lead rally; Nifty reclaims 26,000 mark, Sensex jumps 513 pts
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Summary
Coforge shares gained 3-4% on November 19, 2025, as part of a broader IT sector rally that saw the Nifty IT index rise 2.97%. The stock was among the top midcap performers alongside Persistent Systems, benefiting from renewed optimism around US Federal Reserve rate cuts, favorable currency conditions, and a global shift away from AI-heavy investments toward emerging market IT services companies. The performance reflects broader investor confidence in the IT services sector amid improving macroeconomic conditions.
Article 13: IT stocks power market rebound: Sensex jumps 554 pts intraday, Nifty crosses 26,000
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Summary
Coforge shares gained 2-4% on November 19, 2025, as part of a broader midcap rally that saw technology stocks attract investor inflows amid what traders characterized as an anti-AI trade sentiment, with the stock's performance reflecting general market optimism toward traditional IT services companies rather than any company-specific developments.
Article 14: Infosys, TCS, HCL Tech and other IT stocks jump up to 4%. Here’s why
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Summary
Coforge shares gained 3% as part of a broader rally in Indian IT stocks driven by an anti-AI trade in global markets, with concerns about an AI bubble leading investors to favor traditional IT services companies over AI-focused stocks.
Article 15: Motilal Oswal’s top 10 small, midcap picks that can deliver strong EPS by FY28. How many do you own?
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Summary
Motilal Oswal included Coforge in its preferred midcap stock picks following Q2 earnings season, with the IT services company trading at Rs 1,800 and holding a Rs 60,000 crore market capitalization. The investment firm projects Coforge's earnings per share to grow from 44.7 in FY26 to 74.3 in FY28, representing a 66% increase over the three-year period. This recognition indicates positive market sentiment toward Coforge's financial performance and positions the company among firms with expanding earnings outlook in the IT sector.
Article 16: Slowly, but surely! 6 brokers see earnings improving ahead after Q2 results. 50 stocks to buy
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Summary
Coforge received a buy recommendation from Axis Securities as one of three top conviction picks in IT services, alongside LTIMindtree and Persistent Systems, following the Q2 earnings season review. This recommendation comes as brokerages anticipate that IT services will be among the sectors supporting earnings growth over the next six months, with JM Financial specifically highlighting IT services as a growth driver. The analyst endorsement positions Coforge favorably within the competitive IT services landscape as the sector prepares for expected improvement in earnings performance.
Article 17: Stock Market Highlights 19 Nov 2025: Stock markets rebound on buying in IT counter; Sensex jumps over 513 points, NIfty 50 climbed 142.60 points to 26,052.65
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Summary
Coforge shares rose 3.72% on November 19, 2025, as part of a broader rally in IT sector stocks that helped Indian benchmark indices rebound. The stock was among the top gainers in the technology sector, performing alongside other mid-tier IT services companies like HCL Tech (+4.36%), LTIMindtree (+4.20%), and Persistent Systems (+4.10%). This performance reflects positive investor sentiment toward IT services companies and positions Coforge within the group of technology stocks driving market recovery.
Article 18: 10 stocks in Morgan Stanley's focus portfolio as it bets on a revival in Indian equities in 2026
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Summary
Morgan Stanley has included Coforge as the sole technology company in its 10-stock focus portfolio designed to capitalize on India's anticipated equity market recovery in 2026, with the investment bank forecasting Sensex targets of 95,000-107,000 driven by macro stability and policy support. The selection positions Coforge to benefit from broader Indian market recovery trends despite the strategy's general preference for domestic cyclical stocks, potentially increasing institutional investor interest and market visibility for the IT services company.
Article 19: Defence stocks dip? Buy the correction, stay for 5 years; go for niche tech over big IT: Sudip Bandyopadhyay
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Summary
Coforge received positive analyst coverage from Inditrade Capital's Sudip Bandyopadhyay, who recommended the company as a preferred IT investment pick due to its focus on high-growth verticals and premium service areas. This recommendation comes during a challenging period for the IT sector, where large-cap companies face uncertain US demand, margin pressures, and low single-digit growth expectations. Bandyopadhyay's investment strategy favors niche players with strong domain expertise over generic IT service providers, positioning Coforge's vertical specialization as a competitive advantage in the current market environment.
Executive Insights
Sudip Bandyopadhyay, Group Chairman of Inditrade Capital
"Pick IT companies servicing segments showing strong global growth. Avoid generic IT service providers for now"
Context: Investment strategy recommendation for IT sector amid sector-wide challenges
Significance: Validates Coforge's strategic positioning in high-growth verticals as differentiating factor
