India's Sagility extends record run after J.P.Morgan starts with 'overweight'

Sagility

24/12/2024 08:51

** Shares of healthcare tech services provider Sagility
India  SAGL.NS  climb 5% to a fresh record high of 48.93 rupees
    ** Stock set for seventh straight session of gains
    ** J.P.Morgan initiates coverage on SAGL with "overweight"
rating, PT of 54 rupees
    ** On Monday, Jefferies initiated coverage with "buy"; stock
had jumped ~5% to a record high
    ** SAGL to benefit from structural tailwinds such as
increased outsourcing in U.S. healthcare as clients look for
cost-efficient options, JPM says
    ** Company's revenue growth to see limited volatility as it
largely addresses non-discretionary operations spending - JPM 
    ** Stock climbs ~67% since listing on Nov. 12


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))