Coforge Shares Fall Despite Brokerages Raising Target Prices After Q2 Results

Coforge’s share decline, despite record deal wins and improved margin guidance, triggered a modest negative ripple across the IT sector and the broader NSE index. The event amplified market volatility and inflation risk, while rupee weakness created a two‑sided transmission—benefiting USD‑denominated exporters such as pharma, but hurting import‑heavy manufacturers.