Here we are with yet another stock- Coforge LTD.
Coforge Limited, formerly known as NIIT Technologies Limited was incorporated in 1981. This company is a leading global IT solutions organization, enabling its clients to transform at the intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact. They provide IT solution services in Application Development and Maintenance Enterprise Solutions.
This is a company with glowing financials. For 3 years, their profit’s compound annual growth rate has been at 19% and of operating revenue at 17.8%. The stock is overvalued as it is traded at 8 times its book value. The Company has huge potential for growth in opportunities, sales and robust returns.