Growth is strong amid challenges, order inflows are robust, and margin is rising
March 20, 2024 / 12:42 PM IST
Advice to retail traders: Avoid prediction; Always use equal position sizes
PRO Only Highlights
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Quarterly performance largely backed by improved realisations
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Medium-term triggers China plus and protectionist measures for tyre industry
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Valuations not inexpensive; but improved medium-term outlook
Highlights
Coforge continues to exhibit growth leadership despite multiple challengesStrong order inflows and backlog lend confidenceMargin expected to improve sharplyProposed capital mop-up to de-leverage the balance sheet and facilitate M&AAfter a stellar show in calendar 2023, Coforge (CMP: Rs 5557 Market Cap: Rs 34,354 crore, Rating: Overweight), our top pick from the IT services space, has underperformed both the Nifty and the IT index in the past three months. The poor run accentuated in recent times after
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