Archive · 25 Jun 2025
MOFSL: Buy Coforge for 18% Upside, Sets Rs 2,200 Target
MOFSL, a financial firm, is suggesting people buy shares of Coforge, an IT company.
They think the stock price could go up by 18%.
The firm has set a target price, and the company's current orders indicate strong future earnings.
The firm thinks Coforge is well-positioned for growth, driven by sectors like banking and transport.
Moreover, improved efficiency will improve profit margins.
MOFSL recommends buying Coforge shares with an 18% upside.
Target price for Coforge is set at Rs 2,200.
Executable order book of $1.5 billion provides near-term revenue visibility.
BFSI and transportation verticals drive growth with over 20% YoY growth in FY25.
MOFSL expects margin expansion driven by improved delivery mix and lower ESOP costs.
- Who
- MOFSL, a financial firm, and Coforge, an IT company.
- What
- MOFSL recommends buying Coforge shares.
- When
- MOFSL's analysis is current as of the publication date.
- Where
- Coforge operates in the IT sector.
- Why
- MOFSL believes in Coforge's potential for growth and margin expansion.
- Stock Recommendation
- Buy
- Target Price
- Rs 2,200
- Upside Potential
- 18%
- Executable Order Book
- $1.5 billion
- Projected Margin Expansion
- 100-120 bps by FY27
