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The Latest Breaking News from Coforge

Indian IT’s Q2 earnings dilemma deepens: More deals but weaker growth and falling pricing power

As Indian IT firms gear up for their Q2 earnings report, the landscape appears mixed. Strong deal activity persists, yet clients are pushing for higher efficiency, leading to a notable decline in revenue growth. Large IT companies may witness their weakest growth in three years, primarily due to acquisitions rather…

The Economic Times · 8h ago

TCS, Wipro, other IT stocks rebound up to 6%, snapping 8-day losing streak. Why is Jefferies cautious?

IT stocks rebounded on Wednesday, with TCS, Wipro and Coforge snapping an eight-session losing streak. The Nifty IT index rose nearly 3%, aided by a stronger US dollar and higher US bond yields, though brokerages remain cautious ahead of the Q2 earnings season.

The Economic Times · Sep 30

Coforge shares rise 2% after firm appoints Akhil Kumar Gupta as chairman post OP Bhatt’s abrupt resignation

Coforge appoints former Bharti Enterprises vice-chairman Akhil Kumar Gupta as chairperson and independent director for five years, following boardroom turmoil triggered by O P Bhatt’s resignation. The IT services firm retains its FY27 guidance and long-term growth targets.

The Economic Times · Sep 29

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Coforge appoints former Bharti Enterprises executive Akhil Gupta as chairman after board upheaval

Coforge has appointed Akhil Kumar Gupta as its new chairperson and non-executive independent director. This decision comes after the resignation of former chairman O P Bhatt amid controversies surrounding board evaluations. The internal audit revealed discrepancies that affected Coforge's market value significantly. Additionally, the nomination and remuneration committee chairperson D…

The Economic Times · Sep 29

Helios Flexi Cap Fund trims exposure in HDFC Bank, RIL, 2 more stocks; hikes stake in Swiggy, Paytm and 26 others

Helios Flexi Cap Fund reshuffled its portfolio in August, cutting exposure to HDFC Bank, Reliance Industries and other holdings while adding to Swiggy, Paytm and several other stocks. The fund also exited five stocks and added two new names. Its portfolio stood at 68 stocks across 26 sectors during the…

The Economic Times · Sep 22

OFSS shares tumble 7%; Wipro, Coforge, Infosys shares down up to 2%. Why are IT stocks under pressure today?

Shares of OFSS fell over 7% while top IT stocks including Infosys, Wipro, and Coforge dropped up to 2% on Monday. The drag comes following reports of Oracle's $18 billion data centre debt pressure and US President Donald Trump extending the $100,000 H-1B visa fee by another year.

The Economic Times · Sep 21

Coforge shares fall over 3%. What are Jefferies, Emkay saying after Chairman, independent director exit?

Coforge shares fell after independent director and NRC chairperson DK Singh resigned, days after chairman OP Bhatt stepped down, raising concerns over the board changes. However, the company reiterated its FY27 guidance, retaining its targets of 20.5–21% consolidated EBITDA margin.

The Economic Times · Sep 15

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Stocks in news: Tata Group stocks, HDFC Bank, Coforge, HFCL, Sun Pharma and Varun Beverages

On September 11, Indian stock markets experienced a remarkable bounce back after an initial dip at opening. Key index heavyweights attracted selective buying, which limited the day’s overall losses. Major players like HDFC Bank and IT sectors remained in focus amid relevant corporate announcements. Additionally, SEBI's discussion paper regarding the…

The Economic Times · Sep 15

Coforge appoints Egon Zehnder to recruit two independent directors

Coforge is hiring Egon Zehnder to find two new independent directors. This follows the recent resignations of its chairman and a committee head. An internal audit flagged governance lapses in their board evaluation handling. The company stated these issues do not impact its operations or financials. Coforge's financial guidance and…

The Economic Times · Sep 14

Samir Arora-backed Helios Mid Cap Fund exits Dixon Technologies, 2 others; adds 7 stocks

Helios Mid Cap Fund, backed by Samir Arora, exited Dixon Technologies, Aadhar Housing Finance and Black Box in August. The fund added eight stocks, including Coforge and Lalithaa Jewellery, while increasing exposure to 15 stocks and holding 72 stocks across 23 sectors.

The Economic Times · Sep 14

Coforge says independent director resigns over internal tensions

DK Singh’s resignation follows the exit of former chairman Om Prakash Bhatt on Tuesday. Singh and Bhatt, under Bhatt's instructions, had suppressed certain material information from the company's board evaluation report. This was questioned by the firm's internal auditor KPMG, as ET reported exclusively on Thursday.

The Economic Times · Sep 11

Coforge shares rise 2% as Nuvama, other brokerages say concerns around Chairman's resignation are overdone

Coforge shares recovered after brokerages retained Buy calls, saying concerns over Chairman Om Prakash Bhatt’s resignation are overdone. Nuvama and Motilal Oswal see limited business impact and remain positive on the company’s growth outlook.

The Economic Times · Sep 10

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian markets extended their losing streak for a third day as soaring oil prices and Middle East tensions hurt sentiment. Sensex fell 813 points, Nifty dropped 204 points, and BSE market capitalisation lost over Rs 2 lakh crore amid broad-based selling.

The Economic Times · Sep 9

Coforge shares crash 9% after Chairman Om Prakash Bhatt resigns post audit

Coforge shares fell after Chairperson Om Prakash Bhatt resigned. An internal audit identified concerns regarding the board evaluation process and its presentation. Bhatt stated his resignation was appropriate given the circumstances and disagreements. The company clarified his departure followed audit findings and board discussions. Coforge reported strong financial results in…

The Economic Times · Sep 9

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The Economic Times · Sep 8

Coforge shares double from March low, outperform Nifty IT peers. Is more steam left in the rally?

Coforge shares have experienced a remarkable resurgence, doubling since March and leaving its IT competitors behind. The company recently announced impressive growth in net profit and revenue during the first quarter. Analysts anticipate that mid-tier IT firms like Coforge will thrive amid evolving industry dynamics. Both Jefferies and Axis Direct…

The Economic Times · Aug 21

AI reshapes India's IT services sector contracts as clients demand more for less

Industry executives also say they are losing some work entirely as customers use AI to shift tasks in-house, while all the uncertainty that the new technology has brought is resulting in shorter contracts.

The Economic Times · Aug 20

IT stocks extend gains for second day; Coforge, Infosys, Persistent Systems rise up to 3%

IT stocks extended gains for the second straight session, with Coforge and Persistent Systems leading the rally. Infosys, Wipro, TCS and Tech Mahindra also traded higher, lifting the Nifty IT index nearly 2%. The rally was driven by value buying amid a weaker rupee, with Indian IT stocks continuing to…

The Economic Times · Aug 20

Coforge shares jump 3% after IT major launches private equity unit

Coforge shares climbed on Thursdat after the IT services company launched a dedicated Private Equity business unit to help funds drive operational transformation and value creation across portfolio companies. The new vertical will leverage Coforge’s acquisition integration expertise and AI capabilities to support portfolio optimisation, EBITDA growth and technology-led transformation.

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The Economic Times · Aug 19

IT crash ahead? CLSA downgrades TCS, Infosys, Wipro, other stocks; revises target prices. Here's why

CLSA downgraded several large IT stocks and cut their target prices amid continued AI-related concerns, while retaining a bullish view on select mid-tier IT companies. The brokerage said Q1 earnings were mixed across Indian IT and global peers, but expects AI-driven volumes to eventually offset pricing deflation by FY30.

The Economic Times · Aug 6

Lone warriors! How two mid-tier tech stocks rewarded investors in Rs 10 lakh crore IT crash this year

Indian IT stocks have seen significant value erosion this year. However, Coforge and LTM have shown resilience and growth. These companies are performing well due to strong deal wins and AI integration. Analysts see mid-tier firms as more attractive than large caps now. Their performance offers investors a rare stable…

The Economic Times · Aug 2

Dividends & stock splits: Maruti Suzuki, ICICI Bank among nearly 100 stocks turning ex-date this week. Do you own?

Nearly 100 stocks, including Maruti Suzuki, ICICI Bank, Coforge and Vedanta Aluminium, will trade ex-date between August 3 and August 7 for dividends and stock splits. Key corporate actions include Maruti Suzuki’s Rs 140-per-share dividend, Bosch’s Rs 270 payout and stock splits by Tembo Global Industries and JOJO Ltd.

The Economic Times · Jul 31

Kospi’s mammoth 17% surge spells caution for Indian IT stocks. Why TCS, Infosys, others are down up to 5%

Indian IT stocks declined after renewed optimism around global AI and cloud spending after strong earnings from tech giants. Meanwhile, global AI sentiment improved after Microsoft and Amazon reported strong cloud growth, while South Korean chipmakers Samsung and SK Hynix rallied sharply on robust results.

The Economic Times · Jul 29

Coforge shares rally 5% after strong Q1 earnings; net profit surges 63% YoY

Coforge shares surged after the IT services firm reported strong Q1 FY27 results. Net profit jumped 63% YoY, while revenue from operations rose 49% YoY to ₹5,527.7 crore, marking a 24% QoQ growth. The strong performance boosted investor sentiment toward the stock.

The Economic Times · Jul 29

IT stocks on a roll: TCS, Infosys, Coforge and others rally up to 5% for second straight day. What's driving this surge?

Indian IT stocks rallied for a second straight session, buoyed by strong Q1 earnings, optimism around AI-driven demand and improving investor sentiment. Jefferies turned neutral on the sector, citing positive FPI feedback and potential tactical upside after a sharp correction. The rally came despite a global tech selloff, with investors…

The Economic Times · Jul 28

Ahead of Market: 10 things that will decide stock market action on Wednesday

Indian equities ended lower on Tuesday as Sensex and Nifty erased early gains after a sharp rally. Analysts cited cautious sentiment ahead of global central bank meetings, while IT stocks outperformed and Nifty remained range-bound near key technical levels.

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