VERIFIEDET Markets·15 Sept 2026negative

Coforge shares fall over 3%. What are Jefferies, Emkay saying after Chairman, independent director exit?

AI Summary

·Coforge shares declined by over 3% following the resignation of independent director DK Singh.
·This resignation comes shortly after the departure of chairman OP Bhatt, leading to board change concerns.
·The company reaffirmed its FY27 guidance, maintaining consolidated EBITDA margin targets of 20.5–21%.