Advice to retail traders: Avoid prediction; Always use equal position sizes
PRO Only Highlights
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
Highlights
- Coforge continues to exhibit growth leadership despite multiple challenges
- Strong order inflows and backlog lend confidence
- Margin expected to improve sharply
- Proposed capital mop-up to de-leverage the balance sheet and facilitate M&A
After 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