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Buy Coforge, target price Rs 1,500: JM Financial

​​Coforge also announced acquisition of Cigniti Tech (CIGN IN; NR), an assurance (testing) company. Management believes Cigniti complements Coforges verticals, geo footprint and client relationships. Coforge has done comprehensive audit (financial and forensic) of the target and finds comfort in scaled relationships and in-place contracts (MSAs over SOWs). We estimate that at current price, the acquisition will be EPS accretive.
Economic Times Niit Ltd Niit Technologies Niit Technologies Ltd Niit Technologies Ltd Coforge Share

Infosys, TCS, Wipro, Cyient, Mphasis, Persistent, Coforge shares: What to watch in Q3 results?

Infosys, HCL Tech Q3 results: Nirmal bang said investors would wish to known whether Infosys will come in at the higher or lower end of its guidance and if there is any change in the revenue conversion problem seen in Wipro.
Andhra Pradesh Reliance Industries T Technology Services Ltd Coforge Tech Mahindra Ltd Eclerx Services How Is Mphasis Ltd

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