India's Sagility rises after Nomura initiates coverage at 'buy'

Sagility

25/03/2026 05:04

** Shares of Sagility SAGL.NS rise as much as 7.72% to 40.2 rupees

** Nomura initiates coverage of SAGL, a technology services provider to healthcare industry, at "buy" and a price target of 55 rupees, implying a potential upside of 47.4% to stock's last close

** Nomura says SAGL's outsourcing and artificial intelligence (AI) efficiency are fueling its growth momentum

** SAGL will be a key beneficiary of AI, as clients transition from transactional to outcome-based services, and will deliver a healthy revenue (dollar) growth of 12% CAGR over fiscal years 2026 and 2028, Nomura says

** The average rating of seven analysts who track SAGL is "strong buy"; median price target at 66 rupees, data compiled by LSEG shows

** SAGL shares down 24% in 2026 so far, mirroring the 21.3% drop in IT index .NIFTYIT, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))