Brokerage firm Motilal Oswal sees a “high” probability of Coforge moving back to the MSCI Standard Index from the Smallcap Index in the upcoming index rejig scheduled for August.
If that materialises, the stock could witness inflows of around $406 million following the adjustment. MSCI will announce the changes on August 8, and the adjustments will be implemented on August 26, 2025.
Meanwhile, JPMorgan recently reiterated its ‘Buy’ rating on Coforge, dubbing it an ‘All-Weather Growth Champion”. The brokerage has a price target of ₹2,080, adjusted for the 1:5 stock split, and has named Coforge its top pick in the Indian IT space, citing multiple growth drivers.
Of the 38 analysts covering the stock, 24 have a ‘Buy’ rating, four recommend a ‘Hold’, and 10 rate it a ‘Sell’.
Shares of Coforge Ltd. were trading 1.05% higher at ₹1,894.60 on Tuesday. The stock is down around 2% on a year-to-date basis.
