Brokerage houses are upbeat about two stocks – Coforge and Apollo Tyres – pointing to solid order books, steady client spending and strong demand at home and abroad.
Why Coforge Is Getting Attention
Motilal Oswal sees several reasons to stay positive on Coforge:
- Robust order pipeline across its IT services business.
- Clients continue to spend despite broader market uncertainty.
- The recent Encora acquisition could add $100‑$150 million of revenue and boost earnings.
Apollo Tyres: Strong Demand Outlook
The brokerage also backs Apollo Tyres, highlighting:
- Consistent demand for tyres in the Indian market.
- Growing export sales, especially to Europe and the Middle East.
- Improved cost efficiency from newer plants and product mix.
What This Means for Retail Investors
If these trends hold, both stocks could see modest price gains in the coming months. Investors looking for exposure to IT services or auto‑ancillary sectors might consider adding Coforge or Apollo Tyres to their portfolios, but should keep an eye on earnings reports and any macro‑economic shifts.
Disclaimer
Remember, this is my perspective, not a prediction. Do your own research before making any investment decisions.