ECM Weekly (27th May 2024) - Renesas, AUB, Modec, Tata Tech, MUFG, Shift Up, Novelis, Shulan
Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
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Cigniti Technologies - A Special Situation Bet
​Coforge's acquisition of Cigniti Technologies offers a promising Special Situation investment opportunity in the IT services sector, with a focus...
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Coforge - Results Below Expectations; Strong Outlook Continues
In Q4FY24, Coforge Ltd. (Coforge) reported revenue of Rs 2,359 Cr, up 1.5% QoQ and 1.8% QoQ (in CC terms) which stood below expectations.
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Coforge Ltd - Well Placed to Deliver Top Quadrant Performance
Further, moderating attrition, peaking out of SG&A expenses, higher offshoring and better utilization would aid in margins uptick in FY25.
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Accenture - Uncertainty Persists; Long-Term Demand Continues Strong
Accenture’s Q2FY24 results stood below street expectations on all financial and operational fronts. Revenue for the quarter stood at $15.8 Bn, flat...
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