Coforge stock gets a new chair as JPMorgan keeps Overweight

Published on 09/29/2026 at 15:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Coforge stock now has Akhil Gupta as chair for five years from September 29, 2026, subject to shareholder approval. Q1 FY27 revenue reached INR 55.3 billion, up 49.2 percent year over year.

Coforge, INE591G01017, Illustration mit AI erstellt.

Coforge stock now has Akhil Gupta as chairperson for a five-year term effective September 29, 2026, subject to shareholder approval. ScanX News reports that JPMorgan kept its Overweight rating and set a target price of INR 1,850 after the appointment.

Five-year board mandate begins

The board approved Gupta's appointment on September 28, 2026, after a global search that started with 60 candidates, according to ScanX News. The new chair succeeds an interim arrangement and gives governance a defined five-year timetable, although shareholder approval remains part of the process.

Coforge is also scheduled to hold group and one-on-one investor meetings on September 30, 2026, in Mumbai or virtually, as reported by ScanX News. That timing puts governance, AI traction, the Encora integration and the company's longer-term goals directly on the investor agenda.

Growth comes with an execution test

In Q1 FY27, Coforge generated revenue of INR 55.3 billion, up 49.2 percent from INR 37.0 billion a year earlier, while operating profit increased 101.4 percent to INR 8.8 billion, according to Marketscreener. The EBIT margin improved to 16.0 percent from 11.8 percent, while the executable order book reached USD 2.2 billion, up 44.2 percent year over year.

The figures show why the leadership change matters beyond board structure. Coforge must convert the larger order book and AI-led service portfolio into durable earnings while integrating Encora and absorbing higher amortization costs, which Marketscreener identified as a counterweight to operating growth in Q1 FY27.

Market value and NSE range

Coforge had a market capitalization of INR 761.9 billion on September 29, 2026. Its NSE price was INR 1,722.00 at 3:14 p.m. IST on September 29, 2026, versus an INR 1,008.10 to INR 2,021.20 52-week range. JPMorgan's INR 1,850 target therefore sits above the quoted NSE price, while the next investor meeting supplies an immediate checkpoint for management's execution narrative.