1. UBS on Coforge
Initiate Neutral, TP Rs 1240
Coforge has consistently delivered strong growth driven by execution, with organic growth of c13-15% over FY24-25 (overall growth of c15-30%)
Estimate revenue CAGR of 15% over FY26-28E
Stock has corrected 35% YTD, with PEG ratio of 0.8x seeming attractive
As per market grapevine, many equity mutual funds delivered negative returns in FY25–26. After sharp declines of 20–90% in many stocks, several investors are reportedly shifting money from equities and mutual funds to bank FD, PPF, debt funds and government small saving schemes. Investor caution has risen sharply after the recent market correction.
For those of you who are serious about having more, doing more, giving more and being more, success is achievable with some understanding of what to do.
