Motilal Oswal: Buy Coforge, Rs 3000 Target

• Motilal Oswal recommends 'Buy' for Coforge with a target price of Rs 3000, implying a 54% potential upside.
• Coforge's growth strategy focuses on four key pillars: AI-led engineering, proactive large deals, scaling key accounts, and client-focused acquisitions.
• The company aims for ~20 large contracts this year, having already secured 10, and targets underpenetrated geographies like North America West, Midwest, and ANZ.
• Motilal Oswal views Coforge as a structurally strong mid-tier player poised to benefit from vendor consolidation and digital transformation.

Why It Matters: Motilal Oswal suggests buying Coforge for potential 54% investment returns.