The stock has gained 36 percent over the past month without any commensurate fundamental catalyst, Kotak Institutional Equities has said

Coforge has formed robust bullish candlestick pattern on the daily scale with above average volumes. In fact, there was a consolidation breakout in previous session, and now the stock traded above all key moving averages, which is positive sign.

Bucking the trend of its Tier-1 IT sector peers, KPIT Technologies increased its constant currency (CC) revenue growth outlook for FY24 to over 37%.

This correction is an opportunity for investors to strengthen their portfolio, be it mid- or small-caps. The long-term outlook for midcaps remains positive as a large portion of them are domestically oriented businesses, say analysts

KPIT Technologies has demonstrated its ability to maintain a position above the crucial moving average, indicating an ongoing bullish trend.