Coforge shares double from March low, outperform Nifty IT peers. Is more steam left in the rally?

Coforge shares have experienced a remarkable resurgence, doubling since March and leaving its IT competitors behind. The company recently announced impressive growth in net profit and revenue during the first quarter. Analysts anticipate that mid-tier IT firms like Coforge will thrive amid evolving industry dynamics. Both Jefferies and Axis Direct express optimism about Coforge's growth trajectory. The stock has consistently yielded positive returns over the last year.