Coforge shares rise 2% as Nuvama, other brokerages say concerns around Chairman's resignation are overdone

Coforge shares have risen 2% after several brokerages, including Nuvama and Motilal Oswal, expressed their continued confidence in the company's growth prospects despite concerns surrounding the resignation of Chairman Om Prakash Bhatt. These brokerages believe that the impact of the Chairman's resignation on the company's business will be minimal. As a result, they have retained their Buy calls on Coforge shares, which is a positive sign for the company's stock price. This news is significant for investors as it suggests that the market's concerns about Coforge's future are overblown.

Why it matters

Brokerages have retained Buy calls, saying concerns over the Chairman's resignation are overdone. This can lead to increased investor sentiment and potentially boost the stock price.

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