Shares of Coforge jumped 6% on Friday to hit an intraday high of Rs 1,359.7 apiece on the NSE, extending their strong rebound. The stock has climbed over 16% in the past three sessions as upbeat Q4 results fuelled bullish brokerage views. Coforge has now bounced back nearly 35% in under two months from its 52-week low of Rs 1,008.10 recorded on March 17.

Coforge Q4 Results

Coforge on May 5 reported a net profit of Rs 612.3 crore for the January-March quarter of the financial year 2026, marking a whopping 134% surge from the Rs 261.2 crore net profit reported in the corresponding quarter of the previous financial year. Its revenue from operations, meanwhile, jumped 30% year-on-year (YoY) to Rs 4,450 crore during the quarter under review.

Speaking about the performance, Coforge CEO Sudhir Singh said, “FY26 marked another year of exceptional performance for Coforge. We delivered strong YoY growth at 29.2% and expanded EBIT margins materially by 370 bps to 14.4%. With an order executable of $1.75 billion, we enter FY27 with strong momentum and confidence. We expect to deliver robust revenue growth in FY27 and plan to deliver an EBITDA of more than 20.5% on a consolidated basis in FY27.”

Should you buy, sell or hold Coforge shares?

The international brokerage said the IT company’s Q4 results beat expectations, supported by stronger-than-anticipated margins and improved free cash flow conversion. It highlighted solid deal wins and a 16% YoY increase in the executable order book, which, despite the ongoing clean-up of the low-margin India business, offers visibility for double-digit organic growth.

Jefferies raised its earnings estimates by 9–11% on a better margin outlook and now expects a 23% EPS CAGR over FY27–29, noting that valuations at 19x one-year forward PE remain attractive.
Nomura also has a ‘Buy’ rating on Coforge shares and raised the target price to Rs 2,100 after the Q4 results. This indicates a 63% upside potential. The international brokerage noted that the company secured six large deals worth $648 million in Q4, while the executable order book for the next 12 months grew 16% year-on-year to $1.752 billion.

The brokerage noted that this excludes framework agreements from US public services, which could provide additional support to growth. It expects flat sequential performance in Q1 FY27 due to the ongoing exit from low-margin India operations, but believes Coforge will still outperform industry growth through FY27. The acquisition of Encora, completed in April, is projected to add roughly $550 million in revenue in FY27, while core organic growth is estimated at around 11%.

Also read: LIC’s $2 billion contrarian bet: 10 stocks the DII giant bought while the market bled

Nuvama Institutional Equities and Motilal Oswal also have ‘Buy’ calls on the shares of Coforge, while Elara Capital recently upgraded its rating for the IT stock to ‘Accumulate’.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

The Amazing Thailand x Harley-Davidson Media Fam Trip showcased southern Thailand’s motorcycle touring routes, highlighting local culture, landscapes, and communities, promoting travel as a high-value experience under “Healing is the New Luxury.”

Motorcycle Touring in Southern Thailand

Bangkok, 7 May 2026 – The Tourism Authority of Thailand (TAT) and Harley-Davidson Asia partnered to host the Amazing Thailand x Harley-Davidson Media Fam Trip from 2 to 4 May 2026. This event highlighted Hat Yai, Songkhla, and Phatthalung as unique motorcycling destinations in southern Thailand. Designed under the theme “Unforgettable Experiences: Healing is the New Luxury,” the initiative seeks to elevate motorcycle touring as a premium travel segment.

A Journey through Culture and Scenery

Mr. Nithee Seeprae, TAT Deputy Governor for Marketing Communications, emphasized the trip’s role in promoting southern Thailand’s scenic beauty and cultural diversity. The three-day journey kicked off at Harley-Davidson Hat Yai, engaging executives, media, and influencers. Participants traveled through picturesque routes, exploring local communities, cultural landmarks, and natural attractions. Highlights included Hat Yai Street Art, Songkhla Old Town, and Phatthalung’s Tai Nod Market, showcasing the region’s charm and culinary delights.

Impact and Future Endeavors

The event drew prominent figures like Malaysian actor Elizad Sharifuddin and garnered over 20 million impressions, bolstering awareness of Thailand’s motorcycle routes. A Cars and Coffee gathering at Songkhla Public Park further engaged automotive enthusiasts from across the region. TAT and Harley-Davidson Asia plan to continue their collaboration, focusing on innovative route development and sustainable tourism, aligning with Thailand’s broader travel goals.

Source : TAT and Harley Davidson position southern Thailand as premier motorcycle touring destination

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Shares of Shakti Pumps tumbled 6.77% to Rs 555.15 during Friday’s trading session after the company reported a sharp decline in profitability for Q4FY26, even as revenue posted healthy growth.

On the operational front, revenue from operations rose 28.9% YoY to Rs 857.8 crore, up from Rs 665.3 crore, indicating strong business momentum. However, rising costs significantly impacted margins.

EBITDA dropped 49.2% to Rs 83.2 crore from Rs 163.9 crore a year ago, while EBITDA margin narrowed sharply to 9.7% from 24.6%, marking a contraction of 14.9 percentage points.

The company’s PAT margin also weakened considerably, falling to 4.5% from 16.6%, down by 12.1 percentage points YoY. Meanwhile, basic EPS slipped 66.3% to Rs 3.1 against Rs 9.2 in the year-ago quarter.

Despite the muted earnings performance, the board recommended a final dividend of Rs 1 per equity share (10% of face value Rs 10 each) for FY26, subject to shareholder approval at the upcoming AGM.

Stock performance and valuation

Shakti Pumps shares have fallen nearly 36% over the past year, with the company’s market capitalisation currently at around Rs 7,347 crore.
At current levels, the stock trades at a P/E ratio of 21.46, a Price-to-Sales ratio of 4.68, and a Price-to-Book ratio of 6.09.
From a technical perspective, the stock’s 14-day RSI stands at 64.2 — approaching overbought territory but still below the 70 mark. The stock also remains under pressure on moving averages, trading below 5 out of 8 key SMAs, signalling a bearish undertone.

Also read: BSE shares fall 3% despite Q4 profit surge. Should you buy, sell or hold India’s oldest stock exchange?

Institutional investors reduce exposure

Institutional sentiment remained weak during the March 2026 quarter. Foreign Institutional Investors (FIIs) reduced their stake in the company from 5.34% to 4.83%, while mutual funds cut holdings from 6.18% to 4.92%, reflecting cautious positioning by large

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)