Motilal Oswal Recommends 'BUY' on Coforge; Sets Target Price at INR 2500

• Coforge reported strong 3Q revenue growth of 4.4% QoQ in CC terms, surpassing Motilal Oswal's estimates.
• The company secured a robust order intake of USD 593 million (up 18% YoY) in 3Q, including six large deals.
• Coforge's 12-month executable order book stands strong at USD 1.7 billion, indicating future revenue visibility.
• EBIT margin was 13.4%, aligning with estimates, while Adj. PAT was INR 3.6 billion, excluding one-time costs.
• Motilal Oswal maintains a 'BUY' rating, valuing Coforge at 32x FY28 EPS with a target price of INR 2,500, projecting a 53% upside.

Why It Matters: Motilal Oswal recommends buying Coforge shares, citing strong growth and a promising outlook with a target of INR 2500.