
3 months ago
Sagility India share price hits 5% upper circuit, soars over 30% in December so far; Jefferies, JPMorgan see more upside
Live MintSagility India share price surged 5 per cent to hit the upper circuit limit of ₹48.91 in morning trade on BSE on Tuesday, December 24. Sagility India share price opened at ₹47.90 on Tuesday against its previous close of ₹46.59 and soon jumped 5 per cent to the level of ₹48.91. Jefferies, JPMorgan see more upside in Sagility India stock Global financial firm Jefferies on December 20 initiated coverage on the Sagility India stock with a buy recommendation, pegging the target price at ₹52, based on 31 times PE. The global financial firm expects Sagility's EBIT margins to nearly double over FY24-27 to 16.5 per cent due to the normalisation of D&A costs, resulting in 31 per cent CAGR in EBIT over FY25-27.
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