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Bloomberg Quint

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Sagility Receives Another Initiation — JPMorgan 'Overweight' On Stock

  • 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.

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