Sagility India Ltd. receives an 'overweight' coverage initiation from JPMorgan with a 16% potential upside on structural tailwinds and deep domain expertise.
The IT-enabled services firm is expected to benefit from rising outsourcing and its strong client relationships.
Sagility is a play on the US healthcare operations spending, which is under-penetrated in outsourcing at 22%.
The stock has risen 59% since its listing on Nov. 12, and two analysts have a 'buy' rating on the stock.