External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Coforge’s management hosted an investor and analyst meet where the CEO &amp; Executive Director, Mr Sudhir Singh, and his management team presented business progress and medium to long-term priorities.</li><li>The company highlighted its competitive positioning, strategic focus area, operational improvements, and market presence.</li><li>The event’s central theme focused on partnerships, core AI integration through its platforms, emerging revenue verticals, and an increasing footprint in untapped regions. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Coforge’s management hosted an investor and analyst meet where the CEO &amp; Executive Director, Mr Sudhir Singh, and his management team presented business progress and medium to long-term priorities.The company highlighted its competitive positioning, strategic focus area, operational improvements, and market presence.The event’s central theme focused on partnerships, core AI integration through its platforms, emerging revenue verticals, and an increasing footprint in untapped regions. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Company Update: Coforge Ltd - 9 Th December, 2025

<ul><li>Growth in Emerging verticals: Apart from major verticals, two emerging verticals from other divisions are showing growth, i.e, Healthcare, anticipated to approach a $100 Mn revenue run rate by the end of the year.</li><li>Moreover, the Public Sector (outside India) has already surpassed a $150 Mn run rate and is on a path toward $200 Mn.</li><li>Deal Wins/Pipeline: The total order intake during the quarter stood at $514 Mn. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Growth in Emerging verticals: Apart from major verticals, two emerging verticals from other divisions are showing growth, i.e, Healthcare, anticipated to approach a $100 Mn revenue run rate by the end of the year.Moreover, the Public Sector (outside India) has already surpassed a $150 Mn run rate and is on a path toward $200 Mn.Deal Wins/Pipeline: The total order intake during the quarter stood at $514 Mn. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Coforge Ltd - Beat Across All Fronts; Strong Revenue Visibility

<ul><li>Macro-economic outlook: Overall macro environment remains volatile, particularly due to tariff-related discussions.</li><li>Meanwhile, discretionary spending on AI initiatives continues to be weak, supporting large deals aimed at enterprise budget changes.</li><li>Deal wins/pipeline: In Q4FY25, the company secured a landmark $1.6 Bn deal - a 13- year engineering services agreement with Sabre. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Macro-economic outlook: Overall macro environment remains volatile, particularly due to tariff-related discussions.Meanwhile, discretionary spending on AI initiatives continues to be weak, supporting large deals aimed at enterprise budget changes.Deal wins/pipeline: In Q4FY25, the company secured a landmark $1.6 Bn deal - a 13- year engineering services agreement with Sabre. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Coforge Ltd. - In-Line Performance; Strong Revenue Visibility

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

Aditya Birla Capital Ltd / Index Rebalance

<ul>
<li>There will be 19 constituent changes for the Nifty200 Momentum 30 Index that will be implemented at the close on 30 December.</li>
<li>Estimated one-way turnover is 64.6% resulting in a round-trip trade of INR 161.3bn (US$1.8bn). There are 27 stocks with over 1x ADV to trade.</li>
<li>Some stocks will have passive flows from other index trackers at the same time while others are potential adds/close adds to global indices over the next couple of months.</li>
</ul>


There will be 19 constituent changes for the Nifty200 Momentum 30 Index that will be implemented at the close on 30 December.
Estimated one-way turnover is 64.6% resulting in a round-trip trade of INR 161.3bn (US$1.8bn). There are 27 stocks with over 1x ADV to trade.
Some stocks will have passive flows from other index trackers at the same time while others are potential adds/close adds to global indices over the next couple of months.


NIFTY200 Momentum30 Index Rebalance: Huge Turnover and Flow in December

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/coforge-ltd" target="_blank" data-smartkarma-citation="entities:8639:1" rel="noopener">Coforge (COFORGE IN)</a>'s $1.56 billion deal with Sabre positions it as a major player in travel technology, but concerns over Sabre’s financial stability create potential risks for long-term execution.</li>
<li>Acquisitions of Rythmos and TMLabs align with Coforge’s strategy to enhance cloud, data, and enterprise IT capabilities, strengthening its market position in airline and ServiceNow implementation services.</li>
<li>While analysts recognize strong revenue visibility, Sabre’s $5.1 billion debt and negative net worth raise cash flow concerns, leading to a divided outlook on Coforge’s future profitability and risk exposure.</li>
</ul>



Coforge (COFORGE IN)'s $1.56 billion deal with Sabre positions it as a major player in travel technology, but concerns over Sabre’s financial stability create potential risks for long-term execution.
Acquisitions of Rythmos and TMLabs align with Coforge’s strategy to enhance cloud, data, and enterprise IT capabilities, strengthening its market position in airline and ServiceNow implementation services.
While analysts recognize strong revenue visibility, Sabre’s $5.1 billion debt and negative net worth raise cash flow concerns, leading to a divided outlook on Coforge’s future profitability and risk exposure.


Coforge’s $1.56 Billion Bet: A Game-Changer or a Risky Move?

India

Coforge Limited provides information technology services. The Company serves customers in India.

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Coforge (COFORGE IN)

Company Update: Coforge Ltd - 9 Th December, 2025

The company highlighted its competitive positioning, strategic focus area, operational improvements, and market presence. The event’s central theme...

Axis Direct

Coforge Ltd - Beat Across All Fronts; Strong Revenue Visibility

Apart from major verticals, two emerging verticals from other divisions are showing growth, i.e, Healthcare, anticipated to approach a $100 Mn...

Axis Direct

Coforge Ltd. - In-Line Performance; Strong Revenue Visibility

Meanwhile, discretionary spending on AI initiatives continues to be weak, supporting large deals aimed at enterprise budget changes.

Axis Direct

NIFTY200 Momentum30 Index Rebalance: Huge Turnover and Flow in December

There are 19 changes for the index in Dec. Estimated one-way turnover is 64.6% resulting in a round-trip trade of INR 161.3bn (US$1.8bn). There are...

Brian Freitas

Coforge’s $1.56 Billion Bet: A Game-Changer or a Risky Move?

Coforge's $1.56 billion deal with Sabre boosts its travel tech presence, but concerns over Sabre's financial stability pose risks for long-term...

Nimish Maheshwari

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Company Update: Coforge Ltd - 9 Th December, 2025

The company highlighted its competitive positioning, strategic focus area, operational improvements, and market presence. The event’s central theme...

Axis Direct

Coforge Ltd - Beat Across All Fronts; Strong Revenue Visibility

Apart from major verticals, two emerging verticals from other divisions are showing growth, i.e, Healthcare, anticipated to approach a $100 Mn...

Axis Direct

Coforge Ltd. - In-Line Performance; Strong Revenue Visibility

Meanwhile, discretionary spending on AI initiatives continues to be weak, supporting large deals aimed at enterprise budget changes.

Axis Direct

NIFTY200 Momentum30 Index Rebalance: Huge Turnover and Flow in December

There are 19 changes for the index in Dec. Estimated one-way turnover is 64.6% resulting in a round-trip trade of INR 161.3bn (US$1.8bn). There are...

Brian Freitas

Coforge’s $1.56 Billion Bet: A Game-Changer or a Risky Move?

​Coforge's $1.56 billion deal with Sabre boosts its travel tech presence, but concerns over Sabre's financial stability pose risks for long-term...

Nimish Maheshwari

Coforge's $1.56 billion deal with Sabre boosts its travel tech presence, but concerns over Sabre's financial stability pose risks for long-term...