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    Weekly Tactical: Why this IT midcap looks red-hot, post correction

    The revenue and earnings trajectories of Coforge look strong and the company has the ability to navigate challenges

    Moneycontrol Research
    March 20, 2023 / 03:27 PM IST
    Weekly Tactical: Why this IT midcap looks red-hot, post correction

    A few of the mid-cap IT companies in India have corrected in the aftermath of the SVB collapse on account of their exposure to US regional banks. Coforge (CMP: Rs 3,852 Nifty level: 16,986) is a case in point where the stock has lost over 7 percent in the past week. Coforge had acquired a 60 percent stake in SLK Global from founder Fifth Third Bank last year, with an option to acquire 20 percent after two years. SLK Global...

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