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Over 1,200% return in 10 years! Here's why Sharekhan sees 38% potential upside in Coforge shares

Sharekhan met Coforge’s management to get an update on the company’s outlook and growth plans from QIP. Coforge is looking to raise funds to the tune of Rs 3,200 crore. The QIP proceeds of Rs 3,200 crore would be purely utilised for mergers and acquisitions (M&A) purposes.
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Coforge stock gains 11% in a week to hit 9-month high; brokerages maintain 'buy' call

On January 20, Coforge posted a 24 percent increase in its consolidated net profit to ₹228 crore for the December quarter. The company posted a net profit of ₹183 crore in the year-ago quarter. Axis Securities has maintained its ‘buy’ call on the stock with a target price of ₹4,715 apiece.
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