Coforge's stock has surged approximately 22% this year, outperforming the Nifty's 12% return, following strong Q2 results for the quarter ending September 30, 2024. Analysts have responded positively, with Nomura maintaining a 'buy' rating and setting a target price of Rs 8,480, while HSBC raised its target to Rs 8,200, citing robust revenue and margin outlooks. The company's solid order book and headcount growth bolster confidence in its future performance.
