Coforge appointed Akhil Gupta as new chairperson for the next five years; analysts gave mixed bull/bear views on the stock

Tue 29 Sep 2026

Access Cap target price

Rs 2870

Access Cap upside

60 percent

Bank of Baroda Capital target price

Rs 1230-1236

Bank of Baroda Capital downside

31 percent

Buy call analysts

34 buy calls

Heard on Live TV News Channel between 15:07:15 - 15:08:30 IST.

• Coforge management announced appointment of Akhil Gupta as new chairperson for next five years, seen as bull case given his background with Lodha and Zepto.
• Bear case flagged: NRC chairperson yet to be appointed, an overhang on the board following the OP Bhatt resignation controversy.
• Company reported its strongest-ever quarter with largest deal wins, though deal ramp-up costs and AI integration cost impact remain a watch point.
• Cigniti integration is ahead of plan, but company took a term loan of about 4500 crore rupees (550 million dollars) for the acquisition, adding debt to balance sheet.
• AI used in 30% of client engagements but company has not yet reported AI-specific revenues; brokers divided with Access Cap giving buy (target Rs 2870, ~60% upside) and Bank of Baroda Capital giving sell (target Rs 1230-1236, ~31% downside); 34 analysts have buy call (86%), average target implies ~9% upside.
• A separate guest said leadership change strengthening governance is welcome, but noted stock has already risen 60% from bottom, trades at trailing PE of ~41, and flagged AI threat and slowing growth as concerns.

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