Coforge Share Price down 10% | Jefferies downgrades ratings

Описание: Coforge Ltd's shares saw a significant 10% correction in morning trades following its Q4 earnings release, which revealed a 95% increase in net profit to ₹224 crore. However, the performance fell short of analyst estimates, prompting downgrades from Jefferies India Pvt Ltd, who highlighted missed revenue and margin expectations. With uncertainties looming over revenue and profitability outlook due to client spending slowdown, concerns over Coforge's lack of FY25 growth guidance and a significant acquisition add to investor worries. While Jefferies downgrades the stock to underperform, Antique Stock Broking also lowers its target price, anticipating a slowdown in FY25 growth. In contrast, PhillipCapital Institutional Equity Research maintains a Buy Rating, albeit with a revised valuation, citing optimism for FY25 outlook.

Coforge
Coforge news
Coforge breaking news
Coforge stock price
Coforge share price
Coforge latest news
Jefferies
Coforge AnalystRating
Coforge Investment Research
Coforge Financial Analysis
stockmarket
Coforge Equity Research
Brokerage Coforge
Investment Banking
Finance
Coforge trading
#StockMarket #Coforge #Earnings #Q4Results #Jefferies #AnalystRating #Revenue #Profit #MarginExpansion #Acquisition #CignitiTechnologies #TargetPrice #AntiqueStockBroking #PhillipCapital #Investing #Finance #Stocks #Trading #Jefferies